Another major financial giant is trying to apply for Bitcoin ETFs! As of last week, the number of attempts by US institutions to apply for this asset class was approximately 30, reigniting interest in the field.According to reports, asset management company Fidelity is preparing to apply for a Bitcoin spot exchange traded fund (ETF),Bitcoin prices are hovering around a one-year high
Another major financial giant is trying to apply for Bitcoin ETFs! As of last week, the number of attempts by US institutions to apply for this asset class was approximately 30, reigniting interest in the field.
According to reports, asset management company Fidelity is preparing to apply for a Bitcoin spot exchange traded fund (ETF),Bitcoin prices are hovering around a one-year high.
On Wednesday, Bitcoin ran above $30000 and has risen by over80%. On June 23rd, it climbed to a one-year high of $31411.
According to a report by TheBlock, an unnamed source stated that Fidelity is expected to submit an application for a spot Bitcoin ETF. According to the report,The company may submit its application as early as Tuesday. Darius Tabatabai, co founder of VertexProtocol, a decentralized exchange, stated:
A true spot ETF will open the door to new cash flows, which will have a trickle down effect in terms of quantity and interest
If the report is true,This will be Fidelity's second attempt to apply for a Bitcoin ETF. Fidelity's application for WiseOrigin Bitcoin Trust was rejected by the U.S. Securities and Exchange Commission (SEC) in 2021. Currently, a spokesperson for Fidelity still refuses to comment.
Not only Fidelity, but also many giants are currently very interested in comparing their ETFs with Tecoin. Last week,Asset management giant BlackRock submitted an application for Bitcoin spot ETFThis has pushed Bitcoin to a new high this year. According to statistics from foreign media,As of last week, the number of attempts by institutions to apply for Bitcoin spot products was approximately 30.
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In addition,SEC's recent response to CryptocurrencyFurther strengthening of review efforts.CoinbaseSECSEC.
ETF.Digital asset investment products have seen their largest weekly capital inflows in nearly a yearLast week, it increased by $199 million, and Jaime Baeza, founder of crypto hedge fund ANBInvestments, stated:
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