Everything you need to know : FIDELITY Bitcoin ETF

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Everything you need to know : FIDELITY Bitcoin ETF

Originally aired on June 27, 2023

Wendy O discusses the launch of the Fidelity Bitcoin ETF and its potential impact on the cryptocurrency market. It highlights the interest of traditional financial institutions in Bitcoin and the concerns related to custodial ownership. Wendy also mentions the SEC’s approval of a Bitcoin-leveraged ETF and its implications.

Can the Fidelity Bitcoin ETF and the entry of traditional finance into Bitcoin be beneficial?

Fidelity allegedly plans to file for a Bitcoin spot ETF, joining other major players in the market.
Traditional financial institutions like BlackRock and Invesco have also expressed interest in Bitcoin spot ETFs.
Fidelity’s extensive experience and large asset management make it a significant player in the crypto market.
The launch of Bitcoin spot ETFs may limit retail investors’ access to traditional financial products.