Express

Asset Management Giant Fidelity Is The Latest To File For A Bitcoin ETF

Mary Liu

Summary: Asset management giant Fidelity is the latest firm filed for a bitcoin ETF, a filing from the US Securities and Exchange Commission (SEC) shows. The fund--WISE ORIGIN BITCOIN TRUST--is sponsored by FD Funds Management LLC, which shares the same address as Fidelity's office in Boston, Massachusetts. Fidelity Service Company is the administrator, while Fidelity Digital Assets ...

Asset management giant Fidelity is the latest firm filed for a bitcoin ETF, a filing from the US Securities and Exchange Commission (SEC) shows.

The fund--WISE ORIGIN BITCOIN TRUST--is sponsored by FD Funds Management LLC, which shares the same address as Fidelity's office in Boston, Massachusetts. Fidelity Service Company is the administrator, while Fidelity Digital Assets serves as the custodian.

The filing document noted: "The Trust’s investment objective is to seek to track the performance of bitcoin, as measured by the performance of the Fidelity Bitcoin Index PR, adjusted for the Trust’s expenses and other liabilities."

By Mary Liu

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 7 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 14 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 18 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 25 days ago
  • You need to login to comment.