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Tag Archives: fidelity

Fidelity Joins the Race: Files for Ethereum ETF Approval Amid Growing Competition

BlackRock’s competition has heightened as Fidelity – a renowned financial giant with $4.5 trillion in assets under management – has filed for a spot Ethereum exchange-traded fund (ETF). Fidelity Goes for Ethereum ETF In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity outlined its plans to list and trade shares of the Fidelity Ethereum Fund on the Cboe BZX Exchange. According to the Registration Statement, each Share...

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BlackRock Anticipates SEC Green Light for Spot Bitcoin ETF by January

With strong confidence that its Bitcoin spot ETF will be approved by January 2024, BlackRock has filed an application for a spot ETH ETF. Leading global asset management company BlackRock Inc (NYSE: BLK) says the Securities and Exchange Commission (SEC) will approve its Bitcoin (BTC) spot ETFs in January 2024, Fox News reported Thursday. According to the report, citing people familiar with the matter, the $9 trillion asset manager is confident that the approval of the ETF is imminent and...

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Major Asset Manager Makes Flattering Comparison of Bitcoin

Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday. The analyst argued that both Bitcoin and gold boast distinct but attractive risk/reward ratios right now and that both may be players on the “same team” regarding their investment theses. Gold Versus Bitcoin: A Historic Look As outlined by Timmer, Bitcoin began is rallying again this year in line with “the...

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Fidelity to Expand Presence in Europe after MiCA Implementation

The forthcoming MiCA regulation aims to introduce a uniform set of rules and guidelines for crypto assets that currently operate outside the scope of traditional financial regulations. Fidelity Investments, one of the leading asset management companies in the United States, plans to establish its presence in Europe through its crypto subsidiary Fidelity Digital Assets.  The unit, launched in November 2018 to offer Wall Street investors the opportunity to buy and sell cryptocurrencies such...

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Bitcoin Nearly Hits $29K Following Fidelity Amendment of Spot Bitcoin ETF Proposal

Bitcoin is enjoying price spikes and increased trading volumes as Fidelity and others amend proposals while the market awaits an approval. The price of Bitcoin (BTC) hit $28,817 today in response to amendments to spot Bitcoin ETF applications submitted to the United States Securities and Exchange Commission (SEC). However, as of this writing, Bitcoin has fallen to $28,379 according to data from CoinMarketCap, a 4.3% increase over the last 7 days. The initial increase put Bitcoin at a new...

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How Ethereum Can Appeal to Institutional Investors: Fidelity

Ethereum (ETH) may now present advantages to institutional investors over Bitcoin (BTC), according to Fidelity’s Director of Research, Chris Kuiper. During an interview with the Bankless podcast on Wednesday, Kuiper argued that legacy finance is “getting past the Bitcoin point” in terms of its understanding of crypto at large, opening its minds to other digital assets. Institutions Moving Beyond Bitcoin According to Kuiper, one of the key factors boosting Ethereum’s...

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Franklin Templeton Joins Race for Spot Bitcoin ETF

According to the filing, Coinbase will securely hold and manage the actual Bitcoin assets that underpin the ETF. The company has also confirmed that the Bitcoin ETF will be listed and traded on the Cboe BZX Exchange, Inc. Franklin Templeton, an asset management company, has entered the competition among companies aiming to offer spot Bitcoin ETFs. This was made known through a September 12 filing with the Securities and Exchange Commission (SEC). According to the filing, Coinbase will...

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Fidelity Asked X Follower ‘Choose New Bill’ and Half the Replies Were Crypto

Fidelity recently asked its X followers to choose a new bill denomination. Two hours later, more than half the answers were cryptocurrencies. It’s another sign of crypto’s ascendance in the global economy. The trillion-dollar multinational finance company wanted to know what new bill denomination their social media followers would come up with: You get to choose a new bill denomination (don’t ask, just roll with it). What are you choosing, and why? — Fidelity Investments...

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Fidelity, VanEck, Invesco Amend Bitcoin Spot ETF Filings Following SEC’s Warning (Report)

Several financial giants, including Fidelity, 21Shares, and WisdomTree, have changed their filings with the Securities and Exchange Commission in regard to their applications for Bitcoin Spot ETFs. This comes just hours after the US securities regulator reportedly warned that all recent filings for such products were “inadequate.” BlackRock splashed the waters two weeks ago when it filed with the SEC to launch a Bitcoin Spot exchange-traded fund. While it was definitely not...

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Fidelity Refiles Bitcoin Spot ETF Application After BlackRock

Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States. Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month. Fidelity Tries Again According to a 19-b4 filing with the U.S. Securities and Exchange Commission (SEC) on Thursday, the proposal would allow the Cboe BZX Exchange to list and trade shares of Fidelity’s Wise...

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