The U.S. Securities and Exchange Commission (SEC) refused to approve a Fidelity spot bitcoin exchange-traded fund (ETF). “While we are disappointed by the outcome of the SEC’s deliberations resulting in today’s disapproval order, we reaffirm our belief in market readiness for a physical bitcoin exchange traded product and look forward to continued constructive dialogue with the SEC,” said a spokesperson from Fidelity.
The SEC Rejects Fidelity’s Wise Origin Bitcoin ETF Proposal
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ETF Newz Says:
The SEC is showing preference to ETFs that track bitcoin futures.