Fidelity applies to establish a BTC Exchange Traded Fund

2 min video

Fidelity have just made a submission to launch the  Wise Origin Bitcoin Trust, an EFT and now awaits SEC approval

The ETF market is approaching $8 trillion having enjoyed considerable institutions support and many passive funds have struggled outperform active funds and ETF’s costs are considerably less

Fidelity are not the first traditional financial services company to be involved in a Crypto ETF but join STATE STREET......$38.8 trillion in assets under custody and/or administration $3.5 trillion in assets under management.

Will we see more crypto funds than the current 6,500+ cryptos that exist...