Claim $500Fidelity Investments Reportedly Filing BlackRock-Type Spot Bitcoin ETF, Acquire Grayscale
Fidelity Investments, the world’s third-largest asset management firm with $4.2 trillion in assets under management (AUM), preparing to file a spot Bitcoin ETF similar to BlackRock iShares spot Bitcoin ETF. The financial giant is also planning to submit an offer to acquire the largest digital asset management firm Grayscale Investments.
Fidelity Investments Filing a Spot Bitcoin ETF
After BlackRock iShares spot Bitcoin ETF filing, Fidelity Investments also preparing a similar spot Bitcoin ETF application with the US Securities and Exchange Commission (SEC). Fidelity Investments operates its digital asset operations under Fidelity Digital Assets.
Moreover, Fidelity Investments is also looking to submit a bid to acquire Grayscale Investments. Barry Silbert’s Digital Currency Group-owned Grayscale sued the US SEC for rejecting its application to convert Bitcoin Trust (GBTC) to spot Bitcoin ETF.
UPDATE: @DigitalAssets and @Fidelity is about to make a seismic move in crypto via both $BTC and $ETH.
Sources expect Fidelity to either make a bid for @Grayscale or quickly launch their own spot #bitcoin ETF. One or both are coming, soon.
**Blackrock and Fidelity will own…
— Andrew (@AP_Abacus) June 18, 2023
Also Read: Crypto Telegram Channels List 2023; Updated List
Crypto influencer Andrew Parish also believes that as traditional financial firms enter the crypto industry, he wouldn’t be surprised to see Fidelity offer staking services soon. Fidelity Digital Asset already offers Ethereum ETF in the US and Bitcoin ETFs on international exchanges. Moreover, it is mining Bitcoin since 2014 and accumulating BTC, as well as offering crypto custody services.
Fidelity Investments and Grayscale have yet to confirm the buzz surrounding filing a spot Bitcoin exchange-traded fund and bid to acquire GBTC issuer Grayscale.
The news was shared by notable crypto influencers including Scott Melker or The Wolf Of All Streets, Michael van de Poppe, and Ash Crypto.
The crypto community reacted positively to the news and anticipates Fidelity can file for spot Bitcoin ETF as it continues to deepen its crypto presence.
Also Read: Key Crypto Events To Impact Bitcoin, Ethereum Price This Week
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
- FOMC Minutes: Most Fed Officials Say Further Rate Cuts Are ‘Appropriate’ If Inflation Declines
- Geopolitical Tensions Threaten Crypto Market as Russia Promises Retaliation Against Ukraine
- Bitcoin Rises as Long-Term Holders Stop Selling: Will BTC End 2025 In The Green?
- Bitcoin News: David Beckham-Backed Prenetics Halts Treasury Plans Amid ‘Crypto Winter’ Concerns
- Grayscale Files With SEC To Convert ‘GTAO’ Trust Into First Bittensor ETF
- Shiba Inu Price Prediction: Will SHIB Show Golden Cross Signal in 2026?
- Pi Network Price Prediction as Demand Slips Ahead of the 136m Unlock
- Why Bitcoin, Ethereum, XRP, and ADA Prices Are Falling Today
- Is XRP Price Preparing for Trend Reversal as ETF Inflows Extend to a 7th Straight Week?
- Binance Coin Price Risks Crash to $700 as Key BSC Metric Plunges 80%
- SUI Price Forecast: What’s Next for SUI in 2026 After $78.9M Token Unlocks?
