Fidelity set to file for spot Bitcoin ETF

June 28, 2023 04:02 AM AEST | By Invezz

Fidelity set to file for spot Bitcoin ETF — Image source: Invezz

Wave of spot Bitcoin ETF applications

Reports of Fidelity filing for a spot ETF surfaced last week, as Invezz covered in this report. In this latest news, crypto publication The Block cites sources close to Fidelity as saying the company was about to file for its own spot Bitcoin ETF. The filing is expected as soon as today, Tuesday June 27, the source noted.

As reported earlier, BlackRock’s application submitted on June 15 saw sentiment across the crypto market flip extremely bullish. With the negativity that followed the SEC’s lawsuits against Binance and Coinbase swept aside, Bitcoin price roared to a yearly high above $31k.

And as other companies, including Invesco, WisdomTree and Bitwise have joined in on the frenzy, BTC price has remained bullish above $30k. Indeed, today’s Fidelity news saw the flagship cryptocurrency’s price retest the level.

If it files for the spot ETF, Fidelity will be making a second attempt after the SEC denied its 2021 application for the Wise Origin Bitcoin Trust. The regulator rejected the proposal early last year.

The post Fidelity set to file for spot Bitcoin ETF appeared first on Invezz.

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