Fidelity Files for Bitcoin ETF with SEC, Gets Green Light from Cboe!

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Fidelity has taken steps towards launching a Bitcoin exchange-traded fund (ETF) by filing a securities registration application with the US Securities and Exchange Commission (SEC). The proposed fund, called Fidelity Bitcoin ETF, has also received approval from the Cboe BZX Exchange under the ticker symbol FBTC. However, the S-1 registration statement is still in its preliminary stages, and further progress is expected to be announced next week. This development follows Fidelity’s recent foray into the cryptocurrency space, including the launch of a digital assets division and a Bitcoin mining operation.