According to recent reports, Fidelity Investments could be going down the Blackrock route and applying for Bitcoin spot ETFs.
First Blackrock, Now Fidelity
Blackrock’s decision to apply for a Bitcoin spot exchange-traded fund (ETF) seems to have encouraged another leading asset management firm to go down the same route and capitalize on the growing demand for crypto investment products among institutional and retail investors. According to an anonymous source, Fidelity Investments applied the United States Securities and Exchange Commission (SEC) to develop a Bitcoin ETF similar to BlackRock’s structure, allowing investors to gain exposure to the digital asset without owning it directly.
The ETF would primarily focus on physically-backed Bitcoin futures contracts, providing a more regulated and accessible investment vehicle for traditional market participants.
Fidelity Also Eyeing Grayscale?
Furthermore, if the word on the street is to be believed, the latter is also looking
We współpracy z: https://cryptodaily.co.uk/2023/06/is-fidelity-filing-for-bitcoin-spot-etf
