Here’s a rundown of the significant developments and events that happened across the crypto-verse this week
The list of Bitcoin ETF applicants continues to grow
More firms submitted their Bitcoin ETF applications to the US Securities and Exchange Commission this week. Scaramucci-led SkyBridge Capital, in conjunction with First Advisors, made a joint application earlier this week to have their ETF product accepted. The filing details that the former will be ETF sub-advisor while the latter serves as the advisor of the product.
The two were joined by giant financial service corporation Fidelity Investment which announced on Wednesday that it was looking to launch its Bitcoin ETF product. Fidelity filed an application that would see the Fidelity subsidiary FD Funds Management introduce an ETF product called the Wise Origin Bitcoin Trust.
The ETF will hold Bitcoin and its share value determined using the Fidelity Bitcoin Index. The fund will technically track the price of the leading crypto from major crypto exchanges in the US. This latest bunch of Bitcoin ETF applications come barely a week after Goldman Sachs revealed it was planning to debut its Bitcoin ETF product.
Meanwhile, crypto analysts believe it won’t take long before the regulator starts approving some of the applications since the US lags behind countries like Brazil and Canada. Bitcoin ETF products outside the US have proved to be a success, and US firms are seemingly becoming impatient with the commission that has, so far, been hesitant to emulate other countries.
XRP bounces back with users pushing for the relisting of the asset
A “RelistXRP” campaign was the town’s talk on Monday after the hashtag trended on social media platforms in different regions. Calls to relist the asset were prevalent on socials in the US, Australia,