Fidelity Investments has joined the list of asset managers rushing to file with the Securities and Exchange Commission to offer a spot bitcoin exchange-traded fund, a filing dated Thursday shows.
The Cboe BZX Exchange has filed with the SEC for a proposed rule change to list and trade shares of the Wise Origin Bitcoin Trust, according to a filing on the Cboe Global Markets website. The filing comes after BlackRock, the world's largest asset manager, on June 15 filed with the SEC to offer a spot bitcoin ETF called the iShares Bitcoin Trust.
In March 2021, Fidelity initially filed with the SEC to offer the Wise Origin Bitcoin Trust. The SEC in January 2022 issued an order disapproving a proposed rule change filed with it by the Cboe BZX Exchange to list and trade shares of the trust.
"A meaningful portion of our customers are interested in and own digital assets,'' according to a statement from Fidelity. "Fidelity remains committed to providing customers with a portfolio of solutions that offer choice, accompanied by education and support as they leverage products to meet their financial needs and objectives."
The SEC has yet to approve a spot bitcoin ETF.
As of March 31, Fidelity had assets under administration totaling $11.1 trillion, including discretionary assets of $4.2 trillion.