Regulatory Outlook | 09.15.21
Fidelity Pushed for Bitcoin ETF Approval in Private SEC Meeting
by: Annie Massa; Miles Weiss
Fidelity Investments urged the SEC to approve its Bitcoin exchange-traded fund (ETF) during a September 8 video call, filings show. The firm laid out reasons why the regulator should approve the proposed product, including increased investor appetite for virtual currencies, the growth of Bitcoin holders, and the existence of similar funds in other countries, according to a presentation from the meeting.
Read the full article on Bloomberg.