Fidelity (FNF) is planning to submit a filing for a spot bitcoin exchange-traded fund, which could come as soon as Tuesday, The Block’s Frank Chaparro reports, citing a source. The move comes after BlackRock’s (BLK) June 15 filing for an ETF, which was followed by other asset managers including Invesco, WisdomTree (WT) and Bitwise seeking to launch their own spot bitcoin funds.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on FNF: