According to BlockBeats news on June 21st, Eric Balchunas, a senior ETF analyst at Bloomberg, wrote that asset management company WisdomTree has once again submitted an application for a spot Bitcoin ETF. In addition, Invesco has also resubmitted the 19b-4 document for a spot Bitcoin ETF. As previously reported by BlockBeats, on December 3rd, 2021, the US SEC rejected WisdomTree's application for a spot Bitcoin ETF. The US SEC stated that the spot Bitcoin ETF did not fulfill the obligations set forth in the Securities Exchange Act and Commission business rules to demonstrate that the proposal complies with the rules aimed at preventing fraud and manipulation in national securities exchanges and protecting investor and public interests.

BlockBeats news, on June 20th, EDX Markets (EDX) announced the successful launch of its digital asset market and completed a round of investment with new equity partners including Miami International Holdings, DV Crypto, GTS, GSR Markets LTD, and HRT Technology. The new funding will support EDX in continuing to develop its trading platform and consolidate its market leadership position. Later this year, EDX will launch EDX Clearing to settle trades matched on EDX Markets. As previously reported by BlockBeats, the new cryptocurrency trading platform EDX Markets, supported by Citadel Securities, Fidelity Investments, and Charles Schwab, has begun executing trades in recent weeks and is expected to be announced live later on Tuesday. EDX Markets is a non-custodial trading platform that does not directly handle clients' digital assets or directly serve individual investors. EDX Markets has stated that it will offer four cryptocurrency trades, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash (these assets have not been recognized by the US Securities and Exchange Commission as securities).

BlockBeats news on June 16th: iShares, a subsidiary of asset management giant BlackRock, has submitted a filing for a spot Bitcoin ETF to the US SEC. The fund is named "iShares Bitcoin Trust" and its assets are "primarily composed of Bitcoin held by the trustee of the trust." The filing states that the trustee will custody the assets through cryptocurrency trading platform Coinbase (COIN). While the SEC has approved some Bitcoin ETFs based on futures, it has rejected attempts by other fund management companies to launch spot Bitcoin ETFs, including Grayscale, VanEck, and WisdomTree. BlackRock is the world's largest asset management company, with assets under management exceeding $10 trillion. The company and its CEO Larry Fink may hold significant political power with the US Securities and Exchange Commission (SEC) and its leader Gary Gensler.

According to BlockBeats, March 16, Fidelity digital Assets has quietly opened up access to its Crypto investment product, Fidelity Crypto, for the public. Millions of users can now trade bitcoin and Ethereum commission-free on the platform. The full opening of Fidelity Crypto took place over the past few weeks, according to people familiar with the matter. The app was previously limited to a waiting list. Currently, new customers must create a Fidelity brokerage account during the setup process.

According to BlockBeats, on September 15, according to The Block, Portofino Technologies, the crypto market maker founded by former Citadel Securities executives Leonard Lancia and Alex Casimo, has raised $50 million, The round was backed by Valar Ventures, Global Founders Capital, and Coatue. Founded in April 2021, the company is developing technology for high-frequency trading of digital assets and has already completed billions of dollars of trades in CEX, DEX, and over-the-counter trading. The company could compete with other cryptocurrency market makers like Wintermute, B2C2, and Jump Trading, according to reports.