Fidelity to Submit Filing for Spot Bitcoin ETF, The Block Reports

Wall Street giant Fidelity is preparing to submit its own filing for a spot Bitcoin ETF, The Block reports. According to a source familiar with the matter, Fidelity could submit its filing as soon as Tuesday.

Recently, many asset management firms applied for spot Bitcoin ETFs in succession. BlackRock submitted its filing on June 15th, then Invesco, WisdomTree and Bitwise joined the competition. In addition, Ark Invest and 21Shares submitted a spot Bitcoin ETF application in April.

In 2021, Fidelity applied for a spot Bitcoin ETF called the Wise Origin Bitcoin Trust but was denied by the U.S. Securities and Exchange Commission (SEC). Last week, EDX Markets, a crypto exchange backed by many TradFi companies including Fidelity, announced its launch.

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