The latest company to throw their hat in the ring. While I don’t think this alone is a huge story, the overall picture of many companies filing applications for a spot ETF suddenly shows that maybe something has changed among regulators and the industry has caught wind that they’re ready to mass approve Bitcoin spot ETFs.
I think you’re right that there is a growing demand and optimism for Bitcoin spot ETFs in the market. The firms that are filing are hoping to capitalize on the success of the first Bitcoin futures ETF, which debuted last month and attracted over $1 billion in assets in its first two days. And a Bitcoin spot ETF would be even more appealing to investors, as it would track the actual price of Bitcoin rather than its future contracts. However, there are still some regulatory hurdles and uncertainties that could delay or prevent the approval - the SEC. It's still not clear when or if the SEC will greenlight Bitcoin spot ETFs. But it seems that the industry is optimistic and ready for this possibility.