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Fidelity Engages SEC in Talks Over Spot Bitcoin Fund, Presents ETF Workflows
In a significant move towards expanding crypto investment options, Fidelity has reportedly held discussions with the U.S. Securities and Exchange Commission (SEC) concerning a spot Bitcoin fund. As part of their engagement, Fidelity submitted a detailed presentation outlining the workflows associated with a potential Bitcoin exchange-traded fund (ETF). The meeting signals Fidelity's commitment to navigating regulatory pathways for crypto investment products and sheds light on the industry's ongoing efforts to gain regulatory approval. With Fidelity, a major player in traditional finance, actively seeking SEC guidance, this development is poised to influence the trajectory of crypto adoption within the institutional investment landscape. #Fidelity #SEC #BitcoinFund #CryptoETF #RegulatoryApproval #CryptoNews Source: The Block
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