Bitcoin ETFs Surge in the U.S.: BlackRock and Fidelity Lead the Charge
BlackRock and Fidelity's Bitcoin ETFs dominate the U.S. market, showcasing rapid growth, investor confidence, and shifting preferences towards cryptocurrency investments.
BrianBlackRock and Fidelity's Bitcoin ETFs dominate the U.S. market, showcasing rapid growth, investor confidence, and shifting preferences towards cryptocurrency investments.
BrianJurrien Timmer, Fidelity's Executive Director, offers insights into the recalibration of the market amid economic shifts. While anticipating a bullish expansion in 2024, Timmer analyzes the evolving dynamics of the interest rate cycle and long-term yields. He also highlights Bitcoin's promising status as an asset class, emphasizing its extreme position in the spectrum and the potential for change as it matures.
SanyaFidelity's Jurrien Timmer links Bitcoin's future value to network growth and scarcity, highlighting sustained adoption and diminishing supply. Sees short-term volatility as part of a broader growth pattern.
EdmundFidelity anticipates a potential revitalization of institutional interest in DeFi and stablecoins if the expected Federal Reserve rate cuts materialize in 2024, given improvements in infrastructure and competitive returns. The report highlights stablecoins as catalysts for adoption, particularly in payments, remittances, and international trade. Regulatory clarity and stability are deemed crucial for the stablecoin market.
Huang BoCboe BZX Exchange greenlights Fidelity's Bitcoin ETF registration, advancing it towards SEC approval. The step follows an SEC filing; however, it doesn't assure final consent, drawing cautious industry optimism.
Huang BoThe substantial funding, predominantly provided by M&G Investments, is expected to support GFO-X through its upcoming launch and drive future innovation within the regulated digital asset sector.
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SanyaThe U.S. Securities and Exchange Commission its getting fresh paperwork for a spot bitcoin ETF from asset management giant Fidelity. The company joins other firms including BlackRock, WisdomTree and Invesco that have filed for similar funds.
TheBlockFidelity, one of the largest asset managers in the world, is reportedly preparing to submit its filing for a spot ...
BitcoinistIn response to the U.S. Securities and Exchange Commission's denial of a request to convert its Bitcoin trust into an ...
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