Fidelity Pressures SEC To Approve Its Bitcoin ETF In Private Meeting
Multinational financial services firm Fidelity Investments has lobbied the United States Securities and Exchange Commission to approve its exchange-traded fund (ETF) of.
On September 8, a private meeting was held between the president of Fidelity Digital Assets, Tom Jessop, six of the firm’s executives, and several SEC officials. Finance executives outlined a number of reasons why the regulator should approve the investment product. These include increased demand for digital assets and associated products, the presence of similar funds in other countries, and increased adoption of Bitcoin ().
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In a Fidelity presentation describing the benefits of a Bitcoin product, he stated that regulators in global developed markets have approved Bitcoin (ETP) traded products in Canada, Germany, Switzerland and Sweden.
Read the full article on Cointelegraph
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