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Fidelity Investments has recently joined a growing list of asset managers seeking approval from the Securities and Exchange Commission (SEC) to offer a spot Bitcoin exchange-traded fund (ETF). The filing, which was dated Thursday, demonstrates Fidelity's interest in expanding its offerings to include a Bitcoin ETF.
In a separate filing on the Cboe Global Markets website, the Cboe BZX Exchange has also submitted a proposal to the SEC for a rule change that would enable the listing and trading of shares for the Wise Origin Bitcoin Trust. This filing follows a similar move by BlackRock, the largest asset manager globally, who submitted an application to the SEC on June 15 to launch the iShares Bitcoin Trust, another spot Bitcoin ETF.
Fidelity initially filed with the SEC in March 2021 for the Wise Origin Bitcoin Trust. However, in January 2022, the SEC issued an order disapproving a proposed rule change by the Cboe BZX Exchange to list and trade shares of the trust.
Fidelity acknowledges that a significant number of its customers have expressed interest in and own digital assets. The company remains committed to offering a range of solutions that provide choice to customers, along with the necessary education and support, as they incorporate these products into their financial strategies and goals.