Constancy renews push for spot Smart Origin BTC Belief, making it seventh applicant this 12 months

Asset supervisor Constancy Investments has filed an utility for a spot exchange-traded fund (ETF), in keeping with a submitting by Cboe BZX Change with america Securities and Change Fee (SEC) dated June 19.

Constancy’s utility follows BlackRock’s spot Bitcoin ETF utility on June 15 and these of WisdomTree, Invesco and Valkyrie within the following days. In line with Bloomberg, seven purposes for a spot Bitcoin (BTC) ETF have been filed this 12 months. Like WisdomTree and Invesco, Constancy was making a second attempt at a spot BTC ETF. Much like different spot BTC ETF purposes, this one acknowledged that the market “represents a regulated market of serious dimension because it relates […] to the spot bitcoin market.” It argued the purpose intimately and cited in depth analysis to help its view. The 193-page utility mentioned:

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