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You are at:Home » Fidelity Subsidiary FD Funds Management Files For A Bitcoin ETF
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Fidelity Subsidiary FD Funds Management Files For A Bitcoin ETF

AB News DeskBy AB News DeskMarch 26, 2021Updated:March 27, 2021No Comments1 Min Read
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Fidelity Subsidiary FD Funds Management Files For A Bitcoin ETF
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United States, March 26, 2021 /AlexaBlockchain/ – Fidelity Investments is planning to launch a Bitcoin ETF as the investment giant works to build its business in digital assets and virtual currency.

FD Funds Management, a subsidiary of Fidelity, said on Wednesday that it plans to provide financial backing for an exchange-traded fund called the Wise Origin Bitcoin Trust.

The firm filed a Form S-1 with the Securities and Exchange Commission on March 24, 2021, a preliminary registration statement for the fund.

Fidelity confirmed that it filed a prospectus to sponsor a bitcoin ETF but said it could not offer further comment because of the preliminary nature of the filing.

Why SEC has not approved any Bitcoin ETF so far?

Bitcoin ETF FD Funds Management Fidelity Investments United States
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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