Chain News by Thebittimes.Com

Last week, CoinGape Media reported that Fidelity is preparing to file a similar Bitcoin ETF. On Tuesday, mainstream media reported Fidelity Digital Assets nearing a spot Bitcoin ETF filing. BTC price briefly jumps over $31,000 after the Fidelity Bitcoin ETF news. In fact, Bitcoin hit a one-year high of $31,411 on June 23. advertisement “Despite the regulatory challenges in the US, the moves by top traditional financial institutions such as BlackRock and Fidelity signify that institutional interest and participation remain, injecting credibility and potential stability into the market” said Jaime Baeza, founder of crypto hedge fund ANB Investments. Digital asset investment products recorded $199 million last week after nearly a year amid renewed interest from investors. Approval of a spot Bitcoin ETF will bring more cash flow to the crypto industry. In addition, Volatility Shares 2X Bitcoin Strategy ETF (BITX), the first leveraged Bitcoin futures...

Join Our Telegram channel to stay up to date on breaking news coverage Fidelity Digital Assets, the cryptocurrency subsidiary firm of Fidelity Investments, is set to allow institutional clients to trade ETH, the native token of the Ethereum blockchain. Fidelity crypto arm to offer ETH trading The new service exclusive to institutional clients will be launched on October 28, 2022. The launch of this service comes after the company expanded its cryptocurrency efforts by launching an Ethereum Index Fund. Fidelity Digital Assets made a recent announcement on Twitter saying that the launch of “Ethereum capabilities” to institutional clients will allow them to buy, sell and transfer ETH. This feature will be officially launched on October 28. The feature will use the, Same operational excellence, robust security, and dedicated client service model provided for Bitcoin investments. Fidelity has also pointed to the growing interest in ETH. The company said that after t...