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.

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.

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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