Fidelity rejoins rush to spot bitcoin ETF with fresh filing

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Asset management giant Fidelity is rejoining the mad rush for a spot bitcoin ETF, according to a Thursday filing with the U.S. Securities and Exchange Commission.

of the Trust, while Fidelity Digital Assets Services will be responsible for custody of the trust’s bitcoin, according to the filing.

"A meaningful portion of our customers are interested in and own digital assets," a Fidelity spokesperson said in an emailed response to questions from The Block."Fidelity remains committed to providing customers with a portfolio of solutions that offer choice, accompanied by education and support as they leverage products to meet their financial needs and objectives."

The latest filing, along with the others, will be widely watched, as the SEC has so far refrained from approving a spot bitcoin ETF. Cathie Wood’s Ark Investment and 21Shares have been trying since 2021 to register a spot bitcoin fund, while the SEC has previously rejected a proposal from Grayscale to convert its flagship GBTC fund into a spot ETF.mechanism that was a key addition to BlackRock's recent filing..

 

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