Fidelity Wants to Launch Its Own BTC ETF

Fidelity, one of the largest financial institutions in the world, is seeking approval from the US Securities and Exchange Commission to launch a BTC ETF, according to a new filing with the SEC.

The exchange-traded fund, which would allow retail investors to bet on the price of BTC without the need to buy and store the cryptocurrency themselves, would be registered as the Wise Origin BTC Trust. Fidelity Service Company Inc would serve as the administrator, and Fidelity Digital Assets would custody the physical BTC underlying the ETF, should it be approved.

This story is developing and will be updated.

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