In a move that has reignited hopes for the cryptocurrency industry, asset management giant Fidelity has refiled its application to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded fund (ETF). The announcement comes amidst a flurry of similar applications from prominent financial institutions, including BlackRock, WisdomTree, Invesco, and VanEck. These filings signal a renewed interest in the crypto sector, providing a much-needed boost after a period of
First Mover Americas: Fidelity Joins the Rush for Spot Bitcoin ETF biztoc.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biztoc.com Daily Mail and Mail on Sunday newspapers.
Fidelity joins spot-Bitcoin ETF race with fresh SEC filing financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) The US Securities and Exchange Commission is pushing back against a wave of filings by asset managers to launch the first US exchange-traded fund that invests directly in Bitcoin, saying the applications lack clarity and further information is needed before they’re considered for approval. Most Read from BloombergTrump ‘Standing Order’ to Declassify Not Found by DOJ, Intelligence AgencyChina Has $3 Trillion of ‘Hidden’ Currency Reserves, Setser SaysA $100 Billion Wealth Migration