Investment giant Fidelity Investments sent V SEC an application for registration of a spot bitcoin-ETF.
The company joins BlackRock, Valkyrie, as well as WisdomTree and Invesco, which have taken similar actions in the past two weeks.
Rumors about Fidelity’s readiness to enter the ETF race were spread by the media on June 27th.
“Daughter” Fidelity Digital Assets Services will act as the custodian of Wise Origin Bitcoin Trust, the sponsor will be FD Funds Management, according to document.
“A significant portion of our clients are interested in and own digital assets. We strive to provide […] products to meet their financial needs and goals”, — commented representative of the company.
Fidelity’s filing mentions a so-called joint surveillance agreement mechanism, which was a key addition to BlackRock’s proposal.
In 2021, the company applied to register a spot exchange-traded fund based on digital gold, but, like competitors, did not receive the approval of the SEC.
The commission made an exception for ProShares and Valkyrie Investments products, which are based on Chicago Mercantile Exchange bitcoin futures.
Recall that in the list of applications to the SEC for the launch of the spot bitcoin ETF ARK Invest with 21Shares, they have priority over BlackRock and the rest based on the time of their submission.
Circle CEO Jeremy Allaire predicted that the recent wave of proposals to launch spot exchange-traded funds based on digital gold will lead to regulatory approval.
Earlier, the cryptocurrency platform EDX Markets, focused on compliance with the standard structure of financial markets, began work. Among its founders are Fidelity Digital Assets, Charles Schwab, Citadel Securities.
Prior to this, the “daughter” of the investment giant launched a service for trading Bitcoin and Ethereum.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!
Investment giant Fidelity Investments sent V SEC an application for registration of a spot bitcoin-ETF.
The company joins BlackRock, Valkyrie, as well as WisdomTree and Invesco, which have taken similar actions in the past two weeks.
Rumors about Fidelity’s readiness to enter the ETF race were spread by the media on June 27th.
“Daughter” Fidelity Digital Assets Services will act as the custodian of Wise Origin Bitcoin Trust, the sponsor will be FD Funds Management, according to document.
“A significant portion of our clients are interested in and own digital assets. We strive to provide […] products to meet their financial needs and goals”, — commented representative of the company.
Fidelity’s filing mentions a so-called joint surveillance agreement mechanism, which was a key addition to BlackRock’s proposal.
In 2021, the company applied to register a spot exchange-traded fund based on digital gold, but, like competitors, did not receive the approval of the SEC.
The commission made an exception for ProShares and Valkyrie Investments products, which are based on Chicago Mercantile Exchange bitcoin futures.
Recall that in the list of applications to the SEC for the launch of the spot bitcoin ETF ARK Invest with 21Shares, they have priority over BlackRock and the rest based on the time of their submission.
Circle CEO Jeremy Allaire predicted that the recent wave of proposals to launch spot exchange-traded funds based on digital gold will lead to regulatory approval.
Earlier, the cryptocurrency platform EDX Markets, focused on compliance with the standard structure of financial markets, began work. Among its founders are Fidelity Digital Assets, Charles Schwab, Citadel Securities.
Prior to this, the “daughter” of the investment giant launched a service for trading Bitcoin and Ethereum.
Found a mistake in the text? Select it and press CTRL+ENTER
Cryplogger Newsletters: Keep your finger on the pulse of the bitcoin industry!