Fidelity Reportedly Ready to Launch a Spot Bitcoin ETF

The transcript discusses the recent filings for Bitcoin ETFs by major asset managers like Fidelity and BlackRock, highlighting the potential impact on the crypto market. BlackRock's filing is seen as a significant move, possibly indicating insider knowledge or confidence in regulatory approval. The introduction of a 2X Bitcoin futures ETF has surprised many due to past regulatory hesitations. The discussion also touches on the existence of a spot Bitcoin ETF in Canada and its implications for US investors, with the US market seen as a testing ground for regulatory concerns like market manipulation.

What factors contribute to the excitement among crypto fans regarding the recent ETF filings?

In what ways might the ProShares futures fund serve as a testing ground for regulators?