In the eyes of the SEC, the recent filings from BlackRock, ARK Invest, Fidelity and other asset managers are not “sufficiently clear and comprehensive.”
Source: https://cointelegraph.com/app/public/index.php/news/us-sec-deems-spot-bitcoin-etfs-filings-as-inadequate-report
US SEC deems spot Bitcoin ETFs filings as inadequate: Report
