NewsletterBreaking: Fidelity Spot Bitcoin ETF Added To Active ETF And Pre-Launch List
Fidelity Investments’ spot Bitcoin exchange-traded fund (ETF) has now appeared on the active and pre-launch list of Depository Trust & Clearing Corporation (DTCC). The Fidelity spot Bitcoin ETF is listed under the ticker — FBTC. This is a significant development for the firm in the race to get approval for the first spot Bitcoin ETF in the United States.
Fidelity Spot Bitcoin ETF Listed on DTCC
According to the DTCC data, Fidelity Investments’ spot Bitcoin ETF was listed on the Depository Trust & Clearing Corporation (DTCC) website. The Wise Origin Bitcoin FD SHS is listed under the ticker FBTC. It indicates that the U.S. SEC’s approval of a spot Bitcoin ETF is almost here.
The rising anticipation for a spot Bitcoin ETF approval keeps pushing BTC price higher. In addition, the Bitcoin Fear and Greed index has also reached the ‘extreme greed’ range, which signals a possible pullback before another upside momentum.
Meanwhile, Fidelity Director of Global Macro Jurrien Timmer believes Bitcoin price could hit $1 billion by 2038. His prediction is based on Bitcoin being an inflation hedge similar to gold as witnessed in 2020 during fiscal and monetary stimulus due to ring inflation.
CoinGape Media reported Timmer thinks Bitcoin is way above many assets like S&P 500 and Gold, in terms of the risk-to-return ratio. Hence, he asserts portfolios having a little BTC “could go a long way.”
Also Read: Terra Luna Classic Core Dev L1TF Announces Terra Classic Coalition, LUNC To $1?
Bitcoin Closing Above $45,000 This Year
Matrixport research accurately predicted a bullish rally to $45,000 by the end of the year when BTC price was trading near $35K. The firm also predicted the price hitting $60,000 before Bitcoin halving.
The spot Bitcoin ETF hype coupled with bull market hints at a massive rally forthcoming. Nonetheless, traders must be cautious in the face of unforeseen events.
BTC price currently trading at $43,440, paring earlier gains due to CME gap at $39,700. The 24-hour low and high are $42,880 and $43,951, respectively. Furthermore, the trading volume has increased slightly in the last 24 hours.
Also Read: Solana (SOL) Price Up 15% Shooting Past $70, Next Target $100?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: Crypto Market Gets Major Boost as Ukraine Agrees To Trump’s Peace Deal
- Breaking: U.S. PPI Inflation Rises 2.7% YoY, Bitcoin Falls
- Bitget Unveils Fast-Track Affiliate Approvals And New Creator Earnings
- Binance’s Changpeng Zhao Sued by Hamas Victims Over Terrorism Funding
- Galaxy Digital Targets $9B Prediction Market, Enters Liquidity Talks With Polymarket and Kalshi
- Is Bitcoin Price Set for Major Recovery as December Rate Cut Chances Hit 80.9%?
- Solana Price Jumps as Bitwise ETF Sees Record $39.5M Inflow: Targeting $150 Next?
- Crypto Market Surges Today; Is a Bigger Recovery Coming Next?
- 3 Signals Hint Shiba Inu Price Can Rebound Soon
- Top 3 Price Prediction: ETH, XRP, and DOGE Show Signs of Bullish Reversal
- Pi Coin Price Pattern Points to a Rally as Top Whale Hits 381M Milestone
