LATEST: $4.5 Trillion Asset Manager Fidelity Pursues Bitcoin ETF Registration, Classifying as Securities

In a significant move, asset management giant Fidelity has stepped into the Bitcoin Exchange-Traded Fund (ETF) arena, filing for securities registration with the U.S. Securities and Exchanges Commission (SEC). This bold step, outlined in their form 8-A filing, aligns with the heightened anticipation for the approval of spot Bitcoin ETFs by January 10, 2024. The Fidelity Wise Origin Bitcoin Fund aims to offer shares of beneficial interest, navigating the complex debate over whether cryptocurrencies like Bitcoin should be classified as securities or commodities.

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