Fidelity Investments has filed for Securities and Exchange Commission (SEC) registration of its spot bitcoin exchange-traded fund (ETF).
The filing marks a crucial step as the $4.5 trillion asset manager moves to publicly list its Fidelity Wise Origin Bitcoin Fund on a national securities exchange.
By submitting SEC Form 8-A, Fidelity aims to make its bitcoin fund available for public trading, pending regulatory approval.
The news comes even as crypto markets saw over $540 million in liquidations today based on Matrixport’s forecast of the SEC rejecting all spot bitcoin ETF applications.
As a longtime power player in the financial sector, Fidelity is positioning itself at the forefront of mainstream bitcoin adoption. By registering with the SEC, the company aims to operate its bitcoin fund under the same regulatory standards as any publicly traded security.
The filing specifies the fund will be listed on the CBOE BZX Exchange upon SEC approval. This move reinforces Fidelity’s commitment to working within existing regulatory frameworks to offer accredited investors exposure to bitcoin.