Fidelity in 2021 had originally applied to launch the Wise Origin Bitcoin Trust, but that effort was rejected by the U.S. Securities and Exchange Commission in 2022.
So far, the SEC has not made a decision regarding any of the new applications. While many seem optimistic about the application from BlackRock – which has received a green light for all of its previous 575 ETF applications, except one – some remain skeptical.Monday that he sees a 10% chance that BlackRock’s application gets approved, arguing that what the SEC wants to see is that the majority of bitcoin trading is facilitated on a U.S. crypto exchange.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$4.5 Trillion Asset Management Giant Fidelity Expected To File for Spot Bitcoin ETF | CoinMarketCapCryptoNews: Fidelity is reportedly set to file with the US securities regulator for a spot Bitcoin ETF. The announcement caused the price of Bitcoin to spike to $31,000 in a matter of minutes. 👀
Source: CoinMarketCap - 🏆 290. / 63 Read more »
Fidelity readies new spot bitcoin ETF filing, report saysAsset manager Fidelity is expected to file with the U.S. securities regulator for a spot bitcoin exchange-traded fund, joining other big money managers seeking to launch bitcoin ETFs, the Block reported on Tuesday citing a source familiar with the matter.
Source: Reuters - 🏆 2. / 97 Read more »
Fidelity Reportedly Gears Up to Submit Spot Bitcoin ETF Filing; Damus Anticipates Removal From Apple App StoreListen to this episode from The Hash on Spotify. The most valuable crypto stories for Tuesday, June 27, 2023.'The Hash' hosts unpack today's top stories, including The Block reporting that Fidelity is expected to submit a spot bitcoin ETF filing. Meanwhile, the founder of Damus expects Apple to remove the decentralized social media platform from its App Store. Plus, the EU secured a political deal on new crypto bank-capital legislation. And, Robinhood will end support for three tokens named as securities in the SEC's recent lawsuits.See also:Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF ReportJack Dorsey Questions Apple's Tim Cook Over Bitcoin Support as Damus Deplatforming LoomsDamus Founder Now Expects Deplatforming From Apple App StoreEU Seals Deal on Crypto Bank-Capital RulesADA, SOL Underperform as Robinhood Gets Set to Delist Them Amid SEC CrackdownThis episode has been edited by senior producer Michele Musso and the executive producer is Jared Schwartz. Our theme song is “Neon Beach.”See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacydo-not-sell-my-info.
Source: CoinDesk - 🏆 291. / 63 Read more »
First Leveraged Bitcoin ETF in U.S. Sees $4.2M in Trading Volume Since DebutThe first leverage bitcoin ETF in the U.S. - Volatility Shares 2x Bitcoin Strategy ($BITX) - saw more than $4 million worth of trading volume in the first day of its debut. LedesmaLyllah reports.
Source: CoinDesk - 🏆 291. / 63 Read more »
The multi-billion dollar question posed by BlackRock's bitcoin ETF moveThe Block spoke with Sui Chung, CEO of CF Benchmarks, which provides the index set to be used by BlackRock, Valkyrie and WisdomTree's proposed spot bitcoin ETFs.
Source: TheBlock__ - 🏆 464. / 53 Read more »