The interest of large companies in the cryptocurrency ecosystem continues. After BlackRock’s move, another company took action in the USA. According to the latest news, US-based asset management company Fidelity is preparing a spot Bitcoin ETF application.
According to sources reached by The Block, the company is preparing for the application. According to the sources, the company will make a formal filing with the SEC by Tuesday.
As it will be remembered, on June 15, the world’s largest asset management company BlackRock applied for a spot Bitcoin ETF. Following this major development, other companies such as Invesco and WisdomTree also submitted applications to the SEC. It is thought that Fidelity has taken an important step towards the ecosystem with this move. Fidelity is known as one of the largest asset management company with $4.5 trillion in assets under management.
After the news for Fidelity, a sudden increase was seen in the price of Bitcoin. BTC rose up to $31,000 in this process.