Financial market titan Fidelity is reportedly preparing to throw its hat into the Bitcoin exchange-traded fund (ETF) ring. An insider source reveals that the asset management colossus is in the advanced stages of preparing a filing for a spot Bitcoin ETF. If true, this move would make Fidelity the latest entrant into the burgeoning field of issuers vying to be the first to launch such a product. This potential development follows BlackRock’s recent ETF proposal. BlackRock’s move, announced on June 15, has ignited a flurry of activity among asset managers eager to introduce their own spot BTC funds. With a filing potentially submitted as early as Tuesday, Fidelity seems set to follow suit. Fidelity In The Bitcoin ETF Spotlight Fidelity’s rumored filing marks its second foray into Bitcoin ETF territory. In 2021, the company initially submitted a proposal for a Bitcoin spot exchange-traded fund dubbed the Wise Origin Bitcoin Trust. However, the United States Securities and Exchange Commission (SEC) rejected the filing in early 2022. Related Reading: BlackRock Inches Closer To Launching Bitcoin ETF: Potential Impact ..
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