Is Fidelity Considering Jumping on the Bitcoin ETF Train?

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.



It has been a thrilling week in the crypto world as Fidelity Investments reportedly gears up to jump into the Bitcoin exchange-traded fund (ETF) arena. Following in the footsteps of industry giant BlackRock, Fidelity’s rumored move has set hearts racing and spirits soaring among crypto enthusiasts and investors, turning up the heat on the race for a coveted Bitcoin ETF approval.

Edward Moya, a senior market analyst at Oanda, commented on the prospects of a spot Bitcoin ETF. With Invesco, WisdomTree, Bitwise, and VanEck already in the mix, recent filings for spot Bitcoin ETFs have fueled Bitcoin’s rise to a dazzling $31,000, its highest peak in over a year.

Fidelity Has Had Its Eyes on a Bitcoin ETF for a While

Bitcoin ETF logo

Fidelity had its sights set on a spot Bitcoin ETF back in 2021, only to face rejection. However, the tables might turn this time as BlackRock, Fidelity’s peer in the investment world, has also thrown its hat into the ETF ring. And you know what they say—when BlackRock makes a move, it carries weight. So, the chances of success for Fidelity might just be riding high.

If Fidelity’s filing receives the coveted approval, it could send shockwaves through the crypto market. The influx of institutional capital and the return of deep-pocketed retail traders could unleash a flood of investment into cryptocurrencies, opening the floodgates to a new era of digital asset adoption.

Meanwhile, Fidelity has recently made waves with the launch of its own backed exchange, EDX Markets, making headlines in the United States. But of course, we can’t overlook the challenges on the regulatory front, with lawsuits flying around against heavyweight platforms like Binance and Coinbase Global Inc.

While Fidelity remains tight-lipped about The Block’s report, the speculation surrounding its potential Bitcoin ETF filing has set the crypto community ablaze with excitement. As the race for a Bitcoin ETF intensifies and traditional financial institutions throw their hats into the ring, the path toward widespread cryptocurrency adoption continues to evolve.

 

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *