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$4.5 trillion asset manager Fidelity officially filed a registration of securities with the SEC for its spot Bitcoin ETF.

The filing is another step towards potential approval of one of the first Bitcoin ETFs in the US.The registration of securities is the introductory step for the SEC to receive information about Fidelity’s proposed Bitcoin ETF. Fidelity has met with the SEC on multiple occasions to discuss the application and give insight on how important the ETF will be. The firm filed its Bitcoin ETF back in June, and is maneuvering through the applicant process swiftly. Fidelity also has a pending Spot Ethereum ETF application it submitted to the SEC back in November.

While many applaud the listing of Fidelity’s spot Bitcoin ETF and it’s registration of securities as a positive development, there exists a faction of critics expressing reservations about these investments vehicles.

 

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