{"id":80842,"date":"2023-06-27T17:50:11","date_gmt":"2023-06-27T14:50:11","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80842"},"modified":"2025-09-11T19:26:03","modified_gmt":"2025-09-11T16:26:03","slug":"journalists-reveal-fidelity-plans-to-file-for-a-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/journalists-reveal-fidelity-plans-to-file-for-a-spot-bitcoin-etf\/","title":{"rendered":"Journalists reveal Fidelity plans to file for a spot Bitcoin ETF"},"content":{"rendered":"<p>Investment giant Fidelity Investments is preparing to file for registration of the spot Bitcoin-<a href=\"https:\/\/u1f987.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a>. A source told <a href=\"https:\/\/www.theblock.co\/post\/236588\/fidelity-preparing-to-submit-spot-bitcoin-etf-filing-source\">The Block<\/a>.<\/p>\n<p>The company first attempted to create an exchange-traded fund in 2021. However in early 2022 the U.S. Securities and Exchange Commission (SEC) <a href=\"https:\/\/u1f987.com\/en\/news\/sec-rejects-fidelitys-bid-to-launch-a-spot-bitcoin-etf\">rejected<\/a> the filing, citing a lack of joint oversight agreements and an inability to curb fraudulent or manipulative practices.<\/p>\n<p>According to Fidelity&#8217;s <a href=\"https:\/\/www.fidelity.com\/about-fidelity\/our-company\">\u0432\u0435\u0431-\u0441\u0430\u0439\u0442\u0443<\/a>, assets under management by the organization amount to more than $11 trillion.<\/p>\n<p>The firm joined the ETF race alongside <a href=\"https:\/\/u1f987.com\/en\/news\/valkyrie-seeks-to-register-a-spot-bitcoin-etf\">Valkyrie<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-files-for-bitcoin-etf-launch\">BlackRock<\/a>, <a href=\"https:\/\/u1f987.com\/en\/news\/wisdomtree-and-invesco-file-applications-to-launch-bitcoin-etfs\">WisdomTree \u0438 Invesco<\/a>.<\/p>\n<p>To date, the SEC has rejected almost all ETF applications: an exception was made for <a href=\"https:\/\/u1f987.com\/en\/news\/sec-quietly-approves-first-futures-based-bitcoin-etf\">ProShares<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/sec-approves-futures-based-bitcoin-etfs-from-vaneck-and-valkyrie-investments\">Valkyrie Investments<\/a>, which are based on Chicago Mercantile Exchange Bitcoin futures. Grayscale <a href=\"https:\/\/u1f987.com\/en\/news\/grayscale-sues-sec-over-refusal-to-convert-gbtc-into-an-etf\">filed suit against the regulator<\/a> after the regulator&#8217;s negative response.<\/p>\n<p>Earlier ARK Invest analyst Yassine Elmandjra <a href=\"https:\/\/u1f987.com\/en\/news\/opinion-blackrocks-etf-could-be-a-turning-point-for-bitcoin\">stated<\/a> that BlackRock&#8217;s filing for a spot Bitcoin fund could be a &#8216;turning point on the path to institutional recognition for digital gold&#8217;.<\/p>\n<p>The Wall Street Journal editorial board <a href=\"https:\/\/u1f987.com\/en\/news\/wall-street-journal-criticises-sec-chief-over-bitcoin-etf-situation\">accused<\/a> SEC Chair Gary Gensler of a &#8216;confusing&#8217; approach to approving a spot Bitcoin ETF.<\/p>\n<p>CEO Circle Jeremy Allaire <a href=\"https:\/\/u1f987.com\/en\/news\/ceo-circle-regulators-have-made-progress-on-the-bitcoin-etf\">predicted<\/a> that the recent wave of applications to launch cryptocurrency exchange-traded funds would ultimately lead to approval by regulators.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investment giant Fidelity Investments is preparing to file for registration of a spot Bitcoin-ETF.<\/p>\n","protected":false},"author":1,"featured_media":80843,"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":[1248,1211],"class_list":["post-80842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fidelity-investments","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80842","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=80842"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80842\/revisions"}],"predecessor-version":[{"id":80844,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80842\/revisions\/80844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80843"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}