$4 trillion giant Fidelity refiles for spot Bitcoin ETF
As recently reported by Eric Balchunas, senior ETF analyst for Bloomberg, has officially refiled for a spot Bitcoin ETF under the "Wise Origin Bitcoin Trust" name. This move is the most recent evidence of how traditional finance is embracing cryptocurrencies. Balchunas notes that the filing looks similar to those of investment titans BlackRock (NYSE:BLK) and Ark Invest. The Surveillance Sharing Agreement (SSA) wording resembles the SSA language in ARK's filings and also appears to be present in BlackRock's submission. This suggests a coalescing of strategies by these large institutional players around a set template that may be more likely to win approval from the SEC.
