The SEC has notified the Nasdaq and Cboe Global Markets exchanges, who have filed on behalf of asset management funds including BlackRock and Fidelity.


The SEC declined to comment on this report, while Cboe and Nasdaq were not available to respond at this time.

Over the past few years, the securities regulator has rejected multiple applications to establish a Bitcoin spot ETF, including one from Fidelity in January 2022.

In all cases, the regulator said the applications failed to meet established standards to prevent fraud and manipulation to protect investors and the public interest.

The WSJ report on Friday sent cryptocurrency and blockchain-related stocks like Coinbase, Riot Platforms, and Marathon Digital down 3% to 3.7%.

Bitcoin also dropped to 30k after this news