Fidelity tries again to list its Bitcoin ETF for cash

Fidelity has filed a new request to the SEC for its exchange-traded fund Wise Origin Bitcoin Trust. The recent attempt from BlackRock revived hopes of a ETF Bitcoin spot approved in United States.

The American asset manager Fidelity made a new deposit with the Securities Exchange Commission for its Bitcoin Cash ETF named Wise Origin Bitcoin Trustreported CNBC Thursday.

Earlier this week, TheBlock reported that the Boston-based multinational was preparing a new dossier. A previous Fidelity filing for such a product was rejected by the regulator last year.

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The SEC has so far covered all the applications – some thirty – for a ETF Bitcoin spot due in part to “concerns about the market manipulation “.

Following BlackRock’s request in mid-June for a product of this type, other major managers, such as WisdomTree, Invesco and Valkyrie, also tried their luck.

In its dossier, the firm with $10,000 billion in assets under management included a ” proposed surveillance sharing agreement “which could alleviate the regulator’s concerns. Fidelity has also added a similar clause.

A significant portion of our customers are interested in and own digital assets. Fidelity remains committed to providing clients with a portfolio of solutions offering choice, accompanied by training and support,” commented a Fidelity representative.

A ETF Bitcoin spot would track the underlying price of Bitcoin, allowing investors easy exposure without the need to hold the asset.

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For now, the SEC has only authorized ETFs that track Bitcoin futures.

Since BlackRock’s filing Bitcoin price has risen sharply, topping the $30,000 mark last week. The price of the queen of cryptocurrencies is trading at around $31,000 this Friday morning, up 2.1% over 24 hours.

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