The race for spot bitcoin Exchange Traded Fund (ETF) in the United States enters a new phase, as on July 14th the Securities and Exchange Commission (SEC) formally acknowledges the applications filed by multiple companies.

These acknowledgements, which have been made available on the SEC’s website, mark a noteworthy achievement in the bitcoin industry’s efforts to obtain approval for a spot bitcoin ETF.

The SEC has acknowledged applications from BlackRock, as well as other notable entities such as Fidelity, Wisdom Tree Funds, Galaxy Digital, Invesco US, and VanEck.

Moreover, with acknowledgements being reported for BlackRock today, earlier acknowledgements were reported by regulatory authorities for companies such as ARK Investment and BitWise.