In late April, the SEC decided to postpone a decision on this pending ETF until mid-June.
This ETF is actively managed and would use Generally Accepted Accounting Principles to value the Bitcoin it holds.
SkyBridge, the hedge firm led by Anthony Scaramucci, would be responsible for daily portfolio management.
Fidelity Digital Assets launched in 2018, to provide custody and trade execution services for crypto assets owned by sophisticated institutional investors and just last week it launched Sherlock, a digital assets data and analytics platform to help institutional investors navigate that market.
The CEO of Kryptoin Investment Advisors is Jason Toussaint who is the former CEO of World Gold Trust Services, the sponsor of the SPDR Gold Shares in the world.
ETF sponsor Galaxy Digital, is a digital asset merchant bank founded in 2018 by former hedge fund manager Michael Novogratz that runs Bitcoin and Ethereum funds.
Five days before the first deadline for the decision, the SEC postponed it for another 45 days, which is an option it always had.
The SEC has rejected several Bitcoin ETF applications in the past, including one by VanEck, which was resubmitted with changes.There are currently 9 Bitcoin ETF filings pending before the SEC, seven of them filed this year.
See the slideshow above for a rundown of all the Bitcoin ETF applications pending before the SEC, based on the SEC filings and analysis contained on ETF.com.