Fidelity Updates Spot Bitcoin ETF Filing to Include Physical Redemption Option
Fidelity Investments has filed an amendment to its proposed spot Bitcoin Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC), aiming to incorporate a physical creation and redemption mechanism. The revised proposal would allow authorized participants to create and redeem ETF shares using actual Bitcoin rather than relying solely on cash transactions.
This strategic update marks a significant step in Fidelity's continued efforts to launch a spot Bitcoin ETF in the United States, aligning with evolving market practices and investor demand for more direct exposure to Bitcoin.
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