Satechainmedia

Fidelity has submitted an updated version of its S-1 application for its spot #Bitcoin #ETF

Important recurring themes in the amendments include: $BTC $ABBC

1️⃣ Detailed specifications of custodian settings.

2️⃣ Clarification of mechanics regarding hard fork.

3️⃣ Emphasis on valuation and pricing sources, as well as compliance with GAAP (Generally Accepted Accounting Principles).

4️⃣ Increased risk disclosure related to regulatory uncertainty.

5️⃣ Recognition of the energy-intensive nature of mining.