Photographer: Andrey Rudakov / Bloomberg
Photographer: Andrey Rudakov / Bloomberg
Fidelity Investments applied to list Bitcoin trading assets that would monitor the cryptocurrency using prices from US-based exchanges.
The company’s Wise Orgin Bitcoin Trust would use base pricing from exchanges that include Bitstamp, Coinbase, Gemini, itBit and Kraken, Fidelity said in a filed Wednesday with the Securities and Exchange Commission.
The claim comes a month after the first Bitcoin ETFs in North America, including the The purpose of Bitcoin ETF and another started from Evolve Funds Group, trading in Canada.
Several other Bitcoin ETF proposals in the U.S., including those put by Gemini crypto-exchange founders Cameron and Tyler Winklevoss, have failed to overtake the SEC rally.
“The digital asset ecosystem has grown exponentially in recent years, creating an even stronger market place for investors and accelerating demand among institutions,” Fidelity said in an email statement. “A wide range of investors seeking access to Bitcoin has emphasized the need for a more diverse set of products that offer digital assets. ”
– Supported by Claire Ballentine