In a recent filing with the U.S. Securities and Exchange Commission, the company sought the approval of the financial watchdog to launch its “Wise Origin Bitcoin ETF.” According to the filing, while FD Funds Management LLC is sponsoring the fund, Fidelity Service Company, Inc. will serve as the administrator. It is worth pointing out that both companies share the same Boston, MA address.
If approved, the ETF will utilize the firm’s in-house bitcoin price index. According to the document:
Fidelity is now the sixth company seeking approval from the SEC. So far, the list has WisdomTree Investments (NASDAQ:WETF), VanEck Associates Corp, NYDIG, SkyBridge, and Valkyrie Digital Assets.
Analysts are generally bullish that the products will get a green-light from the Commission.
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Source: Cryptocurrency - investing.com
