Fidelity, the global asset manager, has officially filed for its Spot Bitcoin ETF recently. The U.S. Securities and Exchange Commission stated that the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. After the SEC’s comments, Fidelity updated the application. The
In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin
In a significant move, Fidelity, the American multinational financial services corporation, is reportedly making strides towards submitting a spot Bitcoin Exchange Traded Fund (ETF) filing. This step demonstrates a potentially transformative moment in the global crypto market’s evolution. Additionally, financial analysts argue that launching a spot Bitcoin ETF could revolutionize
In what may be a watershed moment for the Bitcoin exchange-traded fund (ETF) industry, prominent firms are rushing to submit applications to the U.S. SEC in June 2023. On June 15, 2023, Blackrock, the biggest asset manager in the world, applied for the same, and it was quickly followed by
The Antigua and Barbuda-based holding firm Emergent Fidelity Technologies, owned by Sam Bankman Fried, has filed for Chapter 11 bankruptcy. Documents filed on 3 February reveal that Emergent Fidelity Technologies voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. Former CEO and
After many months of volatility in the cryptocurrency market, the Hong Kong-based digital asset exchange OSL has decided to slash its operating expenses by around a third. This involves reducing the size of the personnel; however, the company did not disclose how much percentage of its workers were let go.
Following the backing of Elon Musk’s purchase of Twitter, investment company Fidelity has written down the value of its original share in the social media site. Fidelity Blue Chip Growth Fund has reduced the carrying value of its Twitter investment by more than 50 percent, as reported in a November
Fidelity Investments, the U.S based financial services corporation, has set out to enter the metaverse industry. According to Mike Kondoudis, a trademark attorney, the platform has recently submitted a series of trademark applications for non-fungible tokens (NFTs), NFT marketplaces, metaverse investments, virtual real estate investing, and cryptocurrency trading services. This
Spatial’s development toolkit allows anyone to recreate photo-realistic image quality and experiences in seconds NEW YORK–(BUSINESS WIRE)–Spatial, immersive 3D social platform for creatives to build their online worlds, connect and share digital experiences, today announced the Spatial Creator Toolkit powered by Unity, taking away the friction for digital designers and
Fidelity Investments has reportedly launched crypto trading accounts for consumers, after the introduction of a waiting list earlier this month. Even if the FTX fall has coincided with widespread uncertainty, the Fidelity development may be an indication of stability. An email sent out to users today began with the phrase
