{"id":80998,"date":"2023-06-30T11:03:30","date_gmt":"2023-06-30T08:03:30","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80998"},"modified":"2025-09-11T20:18:01","modified_gmt":"2025-09-11T17:18:01","slug":"fidelity-investments-files-for-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/fidelity-investments-files-for-spot-bitcoin-etf\/","title":{"rendered":"Fidelity Investments files for spot Bitcoin ETF"},"content":{"rendered":"

Investment giant Fidelity Investmentssent<\/a> a registration statement for a spot Bitcoin-ETF<\/a> with the SEC<\/span>.<\/p>\n

The company joined BlackRock<\/a>, Valkyrie<\/a>, as well as WisdomTree and Invesco<\/a>, which have taken similar steps in the past two weeks.<\/p>\n

Media circulated rumors on June 27<\/a> that Fidelity was prepared to enter the ETF race.<\/p>\n

Fidelity Digital Assets Services, the subsidiary, will act as custodian for the Wise Origin Bitcoin Trust, with FD Funds Management as sponsor, according to the document<\/a>.<\/p>\n

\n

\u201cA significant portion of our clients are interested in and own digital assets. We aim to provide [\u2026] products to meet their financial needs and goals,\u201d<\/em> said<\/a> a company spokesperson.<\/p>\n<\/blockquote>\n

The Fidelity filing mentions the so-called joint oversight agreement mechanism<\/a>, which became a key addition to BlackRock’s proposal.<\/p>\n

In 2021 the company filed an application<\/a> for a spot exchange-traded fund based on digital gold, but, like rivals, did not obtain SEC approval.<\/p>\n

The Commission carved out an exception for the products ProShares<\/a> and Valkyrie Investments<\/a>, which are based on Bitcoin futures on the Chicago Mercantile Exchange.<\/p>\n

As reported in the SEC’s list of applications for spot Bitcoin ETFs, ARK Invest and 21Shares have priority<\/a> over BlackRock and others based on submission times.<\/p>\n

Circle CEO Jeremy Allaire predicted<\/a> that the recent wave of filings for spot gold-backed ETFs would lead to regulatory approval.<\/p>\n

Earlier, the crypto-asset platform EDX Markets began operating<\/a>, focused on conforming to the standard structure of financial markets. Among its founders<\/a> \u2014 Fidelity Digital Assets, Charles Schwab, Citadel Securities.<\/p>\n

Earlier, the Fidelity subsidiary launched a service for trading Bitcoin and Ethereum<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fidelity Investments filed with the SEC for registration of a spot Bitcoin ETF.<\/p>\n","protected":false},"author":1,"featured_media":80999,"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":[1248,128,1211],"class_list":["post-80998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fidelity-investments","tag-sec","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"30","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80998","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=80998"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80998\/revisions"}],"predecessor-version":[{"id":81000,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80998\/revisions\/81000"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80999"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}