Fidelity Investments Reportedly Filing BlackRock-Type Spot Bitcoin ETF, Acquire Grayscale

Fidelity Investments Filing a Spot Bitcoin ETF

After BlackRock iShares spot Bitcoin ETF filing, Fidelity Investments also preparing a similar spot Bitcoin ETF application with the US Securities and Exchange Commission (SEC). Fidelity Investments operates its digital asset operations under Fidelity Digital Assets.

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Moreover, Fidelity Investments is also looking to submit a bid to acquire Grayscale Investments. Barry Silbert’s Digital Currency Group-owned Grayscale sued the US SEC for rejecting its application to convert Bitcoin Trust (GBTC) to spot Bitcoin ETF.

Also Read: Crypto Telegram Channels List 2023; Updated List

Crypto influencer Andrew Parish also believes that as traditional financial firms enter the crypto industry, he wouldn’t be surprised to see Fidelity offer staking services soon. Fidelity Digital Asset already offers Ethereum ETF in the US and Bitcoin ETFs on international exchanges. Moreover, it is mining Bitcoin since 2014 and accumulating BTC, as well as offering crypto custody services.

Fidelity Investments and Grayscale have yet to confirm the buzz surrounding filing a spot Bitcoin exchange-traded fund and bid to acquire GBTC issuer Grayscale.

The news was shared by notable crypto influencers including Scott Melker or The Wolf Of All Streets, Michael van de Poppe, and Ash Crypto.

The crypto community reacted positively to the news and anticipates Fidelity can file for spot Bitcoin ETF as it continues to deepen its crypto presence.

Also Read: Key Crypto Events To Impact Bitcoin, Ethereum Price This Week

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