Fidelity Investments on 29 June filed an application to create a spot BitcoinBTCUSD exchange-traded fund, making it the latest entrant in the race to launch such a product.
Fidelity, along with several other companies, has made such attempts before but has been rejected by the Securities and Exchange Commission. The agency has consistently told applicants that there’s insufficient surveillance for fraud and manipulation on the platforms that trade Bitcoin.
However,...
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