Bitcoin ETF Filings Face SEC Scrutiny and Amendments

Fidelity, VanEck, Invesco, and other financial giants have made amendments to their filings for Bitcoin Spot ETFs following a warning from the US Securities and Exchange Commission (SEC) that recent filings were "inadequate." The SEC has previously rejected Spot Bitcoin ETF applications due to concerns about investor protection from market manipulation. The amended filings now include Coinbase as the custodian of the funds and provider of market surveillance. However, the SEC has its own legal issues with Coinbase, as it has sued the exchange for selling unregistered securities.