US SEC deems spot Bitcoin ETFs filings as inadequate: Report

In the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not “sufficiently clear and comprehensive.”

US SEC deems spot Bitcoin ETFs filings as inadequate: Report](https://cointelegraph.com/news/us-sec-deems-spot-bitcoin-etfs-filings-as-inadequate-report)) The Securities and Exchange Commission labeled investment managers' recent applications for a spot BTC ETF inadequate.