In a significant development, Fidelity Investments, a renowned stock brokerage service, has listed several proposed Bitcoin exchange-traded funds (ETFs) on its web app. The listed ETFs include the ARK 21Shares Bitcoin ETF (ARKB), Vaneck Bitcoin Trust ETF (HODL), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC), and Wisdom Tree Bitcoin ETF (BTCW).
However, as of the time of reporting, other proposed Bitcoin ETFs such as the BlackRock iShares Bitcoin Trust (IBTC), BitWise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Trust (FBTC), and Hashdex Bitcoin ETF are not listed on the app. The absence of these products from the list does not necessarily imply that they will not be listed in the future.
The Fidelity app pages for these funds seem to have been created from templates, featuring stock risk disclaimers and a blank chart. Currently, the shares for these funds are not available for purchase on these pages.
This move by Fidelity is seen as an indication that these funds may soon receive approval from the United States Securities and Exchange Commission (SEC). On the same day that Fidelity listed these funds, the Cboe BZX stock exchange also listed ARKB, HODL, BTCO, BTCW, EZBC, and FBTC on its interface. However, these funds are not yet available for purchase on Cboe, and the SEC has not officially approved them.
In a related incident, the SEC’s X (formerly Twitter) account posted a false message on Jan. 9, claiming that the Bitcoin spot ETFs were approved. This announcement was later refuted by SEC chair Gary Gensler, who clarified that the regulator’s X account had been hacked. Bloomberg ETF analyst Eric Balchunas has predicted that the ETFs will be approved between 4 and 6 pm EST on January 10.
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | neutral |
| Relevance Score | 1 |
| People | Gary Gensler, Eric Balchunas |
| Companies | Invesco Galaxy Bitcoin ETF, ARK 21Shares, Wisdom Tree Bitcoin ETF, BlackRock iShares Bitcoin Trust, Franklin Bitcoin ETF, Fidelity Wise Origin Bitcoin Trust, Cboe BZX stock exchange, BitWise Bitcoin ETF, Vaneck Bitcoin Trust ETF, United States Securities and Exchange Commission, Hashdex Bitcoin ETF, Fidelity Investments |
| Currencies | Bitcoin |
| Securities | Vaneck Bitcoin Trust ETF (HODL), Franklin Bitcoin ETF (EZBC), Invesco Galaxy Bitcoin ETF (BTCO), ARK 21Shares Bitcoin ETF (ARKB), Wisdom Tree Bitcoin ETF (BTCW) |
