Fidelity is not moving fast enough with developments regarding a Bitcoin Spot ETF in the US. That’s why it’s now going to Canada.
It’s a bang for the buck. Fidelity Investments – one of the largest asset managers in the world ($4.2 trillion AUM) – is likely to launch its own Bitcoin Spot ETF in Canada soon. This was shared by Bloomberg ETF analyst Eric Balchunas on Twitter. However, there is no official statement from the company yet, nor is the trading venue fixed. On the corresponding website, the launch is still pending. Nevertheless, some information has already leaked out that roughly describes the new financial product.
SkyBridge Capital has filed for a Bitcoin exchange-traded fund, or ETF, with the United States Securities and Exchange Commission (SEC).
SkyBridge Capital, a New York-based investment firm, filed for the right to launch a Bitcoin exchange-traded fund or ETF. The firm filed its application with the United States Securities and Exchange Commission (SEC) on March 19.
Skybridge Capital and its founder Anthony Scaramucci are very interested in Bitcoin, and the interest has increased even more after the successful launch of the Skybridge Capital Bitcoin Fund company. In late February, Scaramucci said that he expects a bitcoin price of 100K this year in an interview.
The documents say the First Trust SkyBridge Bitcoin ETF will seek to list its shares on the New York Stock Exchange Arca. A ticker symbol has not yet been announced for the fund.