Fidelity’s Spot Bitcoin ETF Second to Hit Over $1B Inflows
The Fidelity Wise Origin Bitcoin Fund (FBTC) has become the second spot Bitcoin ETF to hit over $1 billion in inflows following five days of trading. Fidelity’s FBTC received $874 million in inflows up to January 17, just a few days after BlackRock’s iShares Bitcoin Trust (IBIT), the first of the recently authorized BTC ETFs, […]
Fidelity Files SEC Registration for Bitcoin ETF
The company has registered its Fidelity Wise Origin Bitcoin Fund with the U.S. Securities and Exchange Commission (SEC) by filing Form 8-A, claiming over $4.5 trillion assets. With this filing, Fidelity is taking a step toward becoming a publicly traded company , and it also signifies a wider acceptance of digital assets in conventional investing […]
Fidelity Lists FBTC Spot Bitcoin ETF on DTCC
Fidelity Investments achieved a milestone by listing its spot Bitcoin ETF, FBTC, on the Depository Trust and Clearing Corporation (DTCC). The clearinghouse for transactions, DTCC, listed the spot Bitcoin ETF. NASDAQ offers post-trade clearing, settlement, custody, and information services for stocks, ETFs, and other products. According to Bloomberg Intelligence analyst Eric Balchunas on X (previously […]
SEC Begins Discussion on Fidelity’s Proposed Ethereum ETF
SEC requests feedback on Fidelity’s proposed Ethereum ETF, indicating a possible change in U.S. regulations pertaining to the cryptocurrency sector. The United States Securities and Exchange Commission (SEC) has opened public comments on a proposed rule change, which is a big step for the cryptocurrency industry. This modification may enable the large asset management company […]
Fidelity downsizes value of its Twitter holdings
Fidelity has downsized the value of its investment in Twitter by more than its initial stake in Elon Musk’s takeover of the platform. Following its support of Elon Musk’s takeover of the social media site, investment firm Fidelity has written down the value of its initial holding in Twitter. The company has written down the […]