Fidelity Files U.S. Spot Bitcoin ETF Application With SEC
Portfolio Pulse from Happy Mohamed
Fidelity has filed an application with the U.S. Securities and Exchange Commission (SEC) to launch a Bitcoin exchange-traded fund (ETF).
June 29, 2023 | 5:18 pm
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POSITIVE IMPACT
The filing of a Bitcoin ETF by Fidelity could potentially increase the accessibility and liquidity of Bitcoin, potentially impacting its price.
The filing of a Bitcoin ETF by Fidelity could potentially increase the accessibility and liquidity of Bitcoin. This could attract more investors to Bitcoin, potentially driving up its price. However, the approval of the ETF is still uncertain and depends on the SEC's decision.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100