By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Live Trading NewsLive Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
Reading: Fidelity Files for Bitcoin ETF After BlackRock
Share
Live Trading NewsLive Trading News
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Search
  • Stocks
  • Forex
  • Gold
  • KNIGHTS
  • Luxury
  • Horse Racing
  • Trade Now
Follow US
© 2024 LiveTradingNews.com - All Rights Reserved.
Live Trading News > Blog > Crypto > Bitcoin > Fidelity Files for Bitcoin ETF After BlackRock
2023

Fidelity Files for Bitcoin ETF After BlackRock

John Heffernan
Last updated: June 30, 2023 12:53 am
John Heffernan
Share
5 Min Read
SHARE

Fidelity Investments, one of the world’s largest asset managers with over $10 trillion in assets under management, has filed for a spot bitcoin exchange-traded fund (ETF). The filing comes just two weeks after BlackRock, another major asset manager, filed for its own spot bitcoin ETF.

Contents
About Fidelity InvestmentsWhy Fidelity is Filing for a Bitcoin ETFBenefits of Investing in BitcoinHow to Get Involved in the Bitcoin RevolutionHere are some of the reasons why you should choose XT Exchange or KXCO:To learn more about Bitcoin and how to get involved, visit the following websites:

Fidelity’s filing is significant because it is the first time that a major asset manager has filed for a spot bitcoin ETF in the United States. Spot bitcoin ETFs track the price of bitcoin directly, rather than through derivatives. This makes them more attractive to investors who want to gain exposure to the underlying asset.

The filing by Fidelity and BlackRock is a sign that the institutional investment community is increasingly warming to bitcoin. In recent years, there has been a growing interest in bitcoin from institutional investors, such as hedge funds and pension funds. This interest has been driven by a number of factors, including the increasing acceptance of bitcoin by major financial institutions, the growing volatility of the traditional financial markets, and the potential for bitcoin to provide diversification benefits.

The launch of a spot bitcoin ETF in the United States would be a major milestone for the bitcoin industry. It would make it easier for institutional investors to gain exposure to bitcoin, and it could lead to increased investment in the cryptocurrency.

About Fidelity Investments

Fidelity Investments is a financial services company that provides a variety of investment products and services to individuals, institutions, and businesses. The company was founded in 1946 by Edward C. Johnson II and has since grown to become one of the largest asset managers in the world.

Fidelity offers a wide range of investment products, including mutual funds, ETFs, stocks, bonds, and cryptocurrencies. The company also offers a variety of investment services, such as retirement planning, portfolio management, and financial planning.

Fidelity is a well-respected company with a long history of providing its clients with quality investment products and services. The company is also known for its strong commitment to customer service.

Why Fidelity is Filing for a Bitcoin ETF

Fidelity has filed for a bitcoin ETF for a number of reasons. First, the company believes that bitcoin is a legitimate asset class with the potential to provide diversification benefits to investors. Second, Fidelity sees a growing demand for bitcoin from its clients. Third, Fidelity believes that the regulatory environment for bitcoin ETFs is becoming more favorable.

In a recent interview, Fidelity’s Head of Digital Assets Tom Jessop said that the company believes that bitcoin is “a more mature asset class than it was a few years ago.” He also said that Fidelity has seen “a lot of interest from our clients” in bitcoin ETFs.

The regulatory environment for bitcoin ETFs is also becoming more favorable. In 2021, the U.S. Securities and Exchange Commission (SEC) approved the first bitcoin futures ETF. This was a major step forward for the bitcoin industry, and it paved the way for the potential approval of spot bitcoin ETFs.

Benefits of Investing in Bitcoin

There are a number of benefits to investing in bitcoin. First, bitcoin is a unique asset class that has the potential to provide diversification benefits to investors. Second, bitcoin is a scarce asset with a limited supply, which could make it a good hedge against inflation. Third, bitcoin is a global asset that can be traded 24/7, which gives investors the flexibility to trade whenever they want.

How to Get Involved in the Bitcoin Revolution

If you are interested in getting involved in the bitcoin revolution, there are a few things you can do. First, you can open an account with a trusted exchange like XT Exchange or KXCO. These platforms are regulated and offer a variety of features and services, making them a safe and convenient way to buy, sell, and store bitcoin.

Here are some of the reasons why you should choose XT Exchange or KXCO:

  • Both exchanges are regulated by reputable financial authorities.
  • Both exchanges have a good reputation and track record.
  • Both exchanges offer a variety of features and services, including margin trading and staking.
  • Both exchanges have a user-friendly interface and easy-to-understand fees.

To learn more about Bitcoin and how to get involved, visit the following websites:

  • [KXCO]
  • [XT Exchange]

You Might Also Like

Understanding the Dow Jones Industrial Average

Saudi Arabia’s Digital Revolution

De-Dollarization Is Inevitable

US Bombs Iran: Escalation and Implications

USA Bombs Iran

TAGGED:BitcoinFidelityinvestment

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

Subscribe our newsletter for latest news around the world. Let's stay updated!

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Copy Link Print
Share
By John Heffernan
Follow:
John Heffernan is a BSc Economist with Honors. Currently working as an Analyst at KXCO, and has contributed on equities and Crypto at Live Trading News.
Previous Article BlackRock Files for Bitcoin ETF: What Investors Need to Know
Next Article Bank of America’s $100bn bond market losses


Latest News

Bitcoin Dip Is Your Opportunity
America Bitcoin Crypto Featured Headline News Knightsbridge Opinion Politics Shayne Heffernan Shayne Heffernan Shayne Heffernan on Investments Sovereign Individual Strategy World War 3 June 21, 2025
Eight Killed in Brazil Hot Air Balloon Crash
Headline News Travel June 21, 2025
Iran Rocked by 5.1-Magnitude Earthquake
Headline News June 20, 2025
Israel vs. Iran: Missiles, Military Hardware, and Personnel
Headline News Politics Shayne Heffernan June 20, 2025

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
4.4kFollowersFollow
//

Stay informed with LiveTradingNews.com – your ultimate destination for timely and insightful updates on global markets, finance, and investment trends. Explore the latest news and analysis to empower your trading decisions.

Quick Link

  • About us
  • Advertise
  • Send us a tip!
  • Privacy Policy
  • Contact us

Top Categories

  • Knightsbridge Insights
  • Featured
  • Stocks
  • Shayne Heffernan
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

Subscribe our newsletter for latest news around the world. Let's stay updated!

Live Trading NewsLive Trading News
Follow US
© 2025 LiveTradingNews - For The Traders, By The Traders – All Right Reserved By Knightsbridge Group
Welcome Back!

Sign in to your account

Register Lost your password?