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 don't think all ETFs would get approved in one go. Like Blackrock we can expect other rejection, before the SEC approves a few. Recently I came across an article about the long awaited
Bitcoin accounting rules. I believe it might be another reason why every financial institution are applying for Bitcoin ETFs. Another might be the global regulation timeline submitted by IMF in the concluded G20 summit. It talks about global regulatory framework and not country specific. I may be wrong with my assessment as to why there is a sudden surge of ETFs application.