{"id":53893,"date":"2021-12-01T14:22:29","date_gmt":"2021-12-01T12:22:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=53893"},"modified":"2025-09-03T17:29:27","modified_gmt":"2025-09-03T14:29:27","slug":"fidelity-investments-launches-a-spot-bitcoin-etf-in-canada","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fidelity-investments-launches-a-spot-bitcoin-etf-in-canada\/","title":{"rendered":"Fidelity Investments launches a spot Bitcoin ETF in Canada"},"content":{"rendered":"<p>Fidelity Investments has received regulatory approval to launch a spot <a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">Bitcoin ETF<\/a> in Canada.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">SEMI-SHOCK: Fidelity launching a spot bitcoin ETF in Canada this week. Didn&#8217;t know about this. Will easily be the biggest asset manager to date with a bitcoin ETF. <a href=\"https:\/\/t.co\/H2XJRBY3O6\">pic.twitter.com\/H2XJRBY3O6<\/a><\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1465809288245485570?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On November 17, the asset manager with <a href=\"https:\/\/www.fidelity.com\/about-fidelity\/our-company\">$11.1 trillion<\/a> in assets received approval to operate in Canada as a <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-gains-approval-to-operate-in-canada-as-a-bitcoin-custodian\">Bitcoin custodian<\/a>.<\/p>\n<p>According to Bloomberg analyst Eric Balchunas, the move puts the <span data-descr=\"Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> in an awkward position. For one of the industry&#8217;s largest players, the regulator&#8217;s stance left no choice but to launch the product in a neighbouring country, he explained.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">This should be embarrassing for the SEC that one of America&#8217;s biggest, most storied names in investing is forced to go up North to serve its clients. But it prob won&#8217;t matter.<\/p>\n<p>\u2014 Eric Balchunas (@EricBalchunas) <a href=\"https:\/\/twitter.com\/EricBalchunas\/status\/1465811048343162882?ref_src=twsrc%5Etfw\">November 30, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The actively managed Fidelity Advantage Bitcoin ETF has the ticker FBTC. The structure will buy &#8216;physical&#8217; bitcoins.<\/p>\n<p>In September, company representatives at a meeting with officials from the SEC <a href=\"https:\/\/u1f987.com\/en\/news\/fidelity-presses-sec-on-approval-of-bitcoin-etf-filing\">presented arguments in favour of approving the spot Bitcoin ETF<\/a>. The Commission <a href=\"https:\/\/u1f987.com\/en\/news\/sec-opens-review-of-bitcoin-etf-applications-from-fidelity-and-skybridge\">began<\/a> reviewing the company&#8217;s corresponding application in May.<\/p>\n<p>Earlier, Grayscale conceded that <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-suggests-the-sec-may-have-violated-the-law-in-approving-a-futures-based-bitcoin-etf\">the SEC violated the law<\/a> in approving futures Bitcoin ETFs.<\/p>\n<p>In February, Canada became the first in the world to <a href=\"https:\/\/u1f987.com\/en\/news\/canada-registers-bitcoin-etf-ahead-of-the-united-states\">approve an exchange-traded fund<\/a> based on the first cryptocurrency. In April, regulators in the country <a href=\"https:\/\/u1f987.com\/en\/news\/canada-approves-worlds-first-ethereum-based-etfs\">granted permission<\/a> to launch Ethereum-based products.<\/p>\n<p>Follow ForkLog on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fidelity Investments has regulatory approval to launch a spot Bitcoin ETF in Canada.<\/p>\n","protected":false},"author":1,"featured_media":53894,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[771,1248,128,1211],"class_list":["post-53893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-canada","tag-fidelity-investments","tag-sec","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53893","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=53893"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53893\/revisions"}],"predecessor-version":[{"id":53895,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/53893\/revisions\/53895"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/53894"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=53893"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=53893"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=53893"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}