Launched on the London Stock Exchange (LSE), Fidelity International’s Physical Bitcoin Exchange Traded Product (ETP) is a revolutionary step. Professional investors are taking notice of this as a major development for cryptocurrencies in the UK. This announcement has boosted crypto market players’ confidence amidst a lot of chatter in the
The S-1 registration form for the spot Ethereum ETF was recently modified by financial services behemoth Fidelity Investments. Most of the potential spot Ethereum issuers are anticipated to submit these changes today, as anticipated before. The revised S-1 filing by Fidelity Investments comes as rumors about the approval of spot
After reporting a weekly outflow of $580 million last week, U.S. spot bitcoin exchange-traded funds (ETFs) continued net outflows on Monday. According to statistics from SoSoValue, the 11 bitcoin ETFs had a net outflow of $145.83 million on Monday. With Fidelity’s FBTC leading the way with a loss of $92
A number of exchange-traded fund (ETF) managers have just signed new revenue-sharing agreements with Fidelity Investments, marking a major step forward for the ETF industry. This move is part of Fidelity’s aim to strengthen its position in this competitive sector and comes at a time when investor interest in ETFs
Amidst Bitcoin’s price surge beyond $71,000 recently, substantial inflows into the U.S.-based spot Bitcoin ETFs have restarted. Bitcoin exchange-traded funds (ETFs) saw inflows of about $500 million on Wednesday, with Fidelity’s FBTC maintaining the lead. Despite BlackRock’s long-standing dominance in spot Bitcoin ETF inflows, Fidelity’s FBTC has lately overtaken it.
For its proposed Spot Ethereum ETF, Fidelity has filed a revised S-1 filing with the SEC in the US. This news comes as speculation about these ETFs’ possible clearance on May 23 continues to heat up. Also, it might increase the likelihood that Ether ETFs would be approved. The revised
Based on recent statistics, Fidelity’s spot bitcoin ETF had net outflows of $22.61 million on Thursday, marking the first day since the fund’s debut in January that more money was moving out of the ETF. Daily withdrawals of $217.58 million were reported by many additional U.S. bitcoin funds. Data indicated
A major participant in the asset management industry, Fidelity Investments oversees $4.5 trillion in assets and has just taken a bold decision. A Spot Ethereum Exchange-Traded Fund (ETF) application was filed by the firm with the US SEC using an S-1 form. In their Wednesday filing, Fidelity hinted that they
Within one week of its inception, Fidelity Investment’s spot Bitcoin (BTC) ETF has amassed more than $1 billion in assets under management (AUM), making it the second ETF provider to achieve this feat. According to Bloomberg data, Fidelity’s Wise Origin Bitcoin Trust hit this mark on its fifth trading day,
The SEC decided last Friday not to challenge a recent setback in the D.C. Circuit Court of Appeals. Grayscale Investments wanted to turn the Grayscale Bitcoin Trust (GBTC) into an ETF, but the SEC denied their application. Since the SEC did not appeal the decision, the court will overturn the
