Cboe filing shows plans for Fidelity spot bitcoin ETF
A pending 19b-4 filing posted by Cboe on its website Thursday shows plans for a Fidelity spot bitcoin ETF. ...
- Cboe plans to launch a Fidelity spot bitcoin ETF called Wise Origin Bitcoin Trust.
- FD Funds Management LLC is the sponsor of the Trust, while Fidelity Digital Assets Services will handle custody of the trust's bitcoin.
- The Trust aims to provide investors with important protections not available when investing directly in bitcoin.
- The filing suggests that if U.S. investors had access to vehicles like the Trust, they could have protected their principal investments in bitcoin.
- Fidelity has submitted a proposed new listing rule for the Wise Origin Bitcoin Trust to the SEC.
- The SEC has yet to approve a spot fund.
The sentiment of the article is generally positive, highlighting the potential benefits and protections offered by the Wise Origin Bitcoin Trust.