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.
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
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…
Over the years, meme coins have evolved from inside jokes into serious investment opportunities.
Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…
Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…
Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…
BTFD Coin is offering a chance to relive the glory days of meme coin investing,…
This website uses cookies.