Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States.

Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month.

Fidelity Tries Again

According to a 19-b4 filing with the U.S. Securities and Exchange Commission (SEC) on Thursday, the proposal would allow the Cboe BZX Exchange to list and trade shares of Fidelity’s Wise Origin Bitcoin Trust.

Much like ARK on Wednesday, Fidelity began by rebutting the Commission’s justification for denying previous spot ETF applications, such as its own. The SEC’s main argument is that the applicants thus far have failed to form a surveillance sharing agreement (SSA) with a regulated market of significant size – and that CME Bitcoin Futures don’t count.

“In every prior approval order for Commodity-BasedTrust Shares, there has been a derivatives market that represents the regulated market of significant size, generally a Commodity Futures Trading Commission (the “CFTC”) regulated futures market,” read the filing.

Nevertheless, the filing is taking cues from both BlackRock and ARK before it, with Cboe proposing to enter an SSA with “an operator of a United States-based spot trading platform for Bitcoin,” that represents a “substantial portion of US-based Bitcoin trading.”

James Seyffart – an ETF Research Analyst with Bloomberg Intelligence – published an unofficial estimate of the SEC’s next deadline to approve this ETF, predicting September 2 as the date. ARK, meanwhile, he slates for August 13 – ahead of BlackRock on August 19.

Updated. Was moving too fast before. pic.twitter.com/WWFIK87xgK

— James Seyffart (@JSeyff)