'Fidelity Preparing To Submit Spot Bitcoin ETF Filing: Source' - The Block
Portfolio Pulse from Happy Mohamed
Fidelity is reportedly preparing to submit a filing for a spot bitcoin ETF, following the lead of BlackRock, Invesco, WisdomTree, and Bitwise. This would be Fidelity's second attempt after its Wise Origin Bitcoin Trust was denied by the SEC in early 2022.
June 27, 2023 | 2:54 pm
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BlackRock's filing for a spot bitcoin ETF has been followed by other asset managers, including Fidelity, potentially increasing competition.
Fidelity's entry into the spot bitcoin ETF race could increase competition for BlackRock. However, the overall impact on BlackRock's stock price is uncertain, as the outcome of the ETF filings is still unknown.
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