News

Breaking: Fidelity On Brink Of Spot Bitcoin ETF Filing

Fidelity Bitcoin ETF: Reports suggest that the company was on the brink of filing the application as soon as Tuesday.
Published by
Breaking: Fidelity On Brink Of Spot Bitcoin ETF Filing

Crypto Market News: The month June 2023 is turning out to be a turning point in the Bitcoin ETF segment, with major corporations flocking to file for applications with the U.S. Securities and Exchange Commission (SEC). After the world’s largest asset manager Blackrock filed for filed for the same on June 15, 2023, other companies Invesco, WisdomTree and Bitwise followed the footsteps. These filings are likely to prove to be massive support for the crypto market as these companies together manage trillions of dollars worth assets across the world. Hence, this could help Bitcoin traverse the most important problem in the industry, which is to change the narrative around cryptocurrencies among traditional players in financial markets.

Also Read: XRP, DOGE Added In Crypto Index Launched By Hong Kong Rating Agency

Earlier, CoinGape reported that Fidelity Investments was preparing to file a spot Bitcoin ETF. On Tuesday, reports suggest that the company was on the brink of filing the application.

Advertisement

Fidelity Bitcoin ETF

According to Wu Blockchain, the world’s third-largest asset management firm was all set to file for a spot Bitcoin exchange traded fund (ETF). This will be yet another filing after Blackrock, considering that Fidelity has $4.2 trillion in assets under management (AUM). The Bitcoin ETF filing would be a second major crypto centric attempt by the asset management firm, which had earlier jointly launched EDX Markets, a non-custodial crypto exchange.

The firm had long been interested in leveraging the crypto market opportunity and had been working on multiple fronts. In December 2022, the firm filed for three trademark applications for services in the Metaverse. Meanwhile, the Bitcoin price could be up for a welcome upswing towards the $31,000 mark and beyond as and when the Bitcoin ETF filing is officially announced.

Also Read: Binance Announces New Functions For Bitcoin, ETH, XRP, SHIB, DOGE Auto Invest

Advertisement

Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Coinbase CEO Says Market Structure Bill Will Pass by Year-End Despite Government Shutdown

Coinbase CEO Brian Armstrong has said he expects the long-awaited U.S. crypto market structure bill…

October 24, 2025
  • News

Breaking: Trump To Meet China’s President On October 30, Bitcoin Bounces

Bitcoin surged above $111,000 after confirmation that President Donald Trump and Chinese President Xi Jinping…

October 23, 2025
  • News

Breaking: Trump Pardons Binance’s Changpeng “CZ” Zhao, BNB Spikes

U.S. President Donald Trump has reportedly pardoned Binance founder Changpeng "CZ" Zhao for his conviction…

October 23, 2025
  • News

Peter Schiff Challenges Binance Founder CZ to Debate as Bitcoin Vs. Gold Rivalry Heats Up

Bitcoin critic and renowned economist Peter Schiff has challenged Binance co-founder Changpeng "CZ" Zhao to…

October 23, 2025
  • News

Robinhood Lists HYPE As Hyperliquid Flips CZ Backed Aster In Perp DEX Volume

Crypto exchange Robinhood has listed Hyperliquid's native token HYPE for its U.S. clients. This comes…

October 23, 2025
  • News

Expert Warns More Crypto Bloodbath Ahead of CPI Data Tomorrow

The U.S. Bureau of Labor Statistics (BLS) will release the Consumer Price Index (CPI) data…

October 23, 2025