He added that the 1st Bitcoin spot ETF was filed in 2013. As of this writing, the SEC has rejected all applications for these products. In January, Valkyrie applied to list spot Bitcoin fund. However, the SEC extended the deadline to January 7, 2022.
Meanwhile, several asset managers and financial institutions are still waiting for approval including: US investment group Stone Ridge, WisdomTree, asset manager and SkyBridge hedge fund to name a few, according to Decrypt.