Fidelity urges the SEC to approve Bitcoin ETF

Last week Fidelity sent Investments notification separately asked the US Securities and Exchange Commission to approve its Bitcoin ETF.

Multinational financial services giant Fidelity has called on regulators to approve its fund, citing investors’ growing interest in cryptocurrencies. Fidelity also pointed out that more and more investors are holding bitcoins and that there are many similar funds in the world.

Fidelity Digital Assets President Tom Jessop and several other company executives spoke on Jan.

Bitcoin ETFs in the United States are notoriously difficult to get SEC approval. There are currently more than 10 applications pending, including VanEck, WisdomTree and most recently SkyBridge.

Fidelity originally filed the Wise Origin Bitcoin Trust in March and another in June. The SEC and Fidelity had their second round of negotiations last week, and like everyone else, the application is in the “pending” category.

Purpose Investments was the first North America company to be approved for a Bitcoin ETF when Canadian regulators made the decision in February of this year.

Qin Yingzheng

According to Cointelegraph

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