Fidelity joins rush for bitcoin ETF, following BlackRock, Ark Invest

Asset management giant Fidelity Investments is again trying to launch a spot bitcoin exchange-traded fund, according to a Thursday filing.

The move comes two weeks after BlackRock filed for a spot bitcoin ETF, which has long been opposed by the U.S. Securities and Exchange Commission.

Other firms appear to have taken BlackRock’s filing as a sign that the SEC’s stance could soon change. Since then, WisdomTree, VanEck and Invesco have taken the initial steps toward their own funds. Cathie Wood’s Ark Invest filed for changes to its proposed bitcoin fund Wednesday that brought it closer in line with BlackRock’s application.

Source: Fidelity joins rush for bitcoin ETF, following BlackRock, Ark Invest