Fidelity files for a Bitcoin ETF

according to The Block. Fidelity will serve as Administrator for the fund, no doubt leveraging off expertise acquired while operating Fidelity Digital Assets, their cryptocurrency custody operation. About a one minute read.

Comment: We’ve been following Fidelity’s growing interest in Bitcoin since its was trading below $10K. The SEC is getting hammered with proposals for Bitcoin ETFs. Fidelity is likely to push this through and if it does launch think about two things: impact on demand for Bitcoin and impact on the price of Bitcoin. You know what to do.