The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently.
Looking for The SEC’s Approval
According to a recent filing, the multinational investment management giant – Fidelity Investments – pressured the U.S. Securities and Exchange Commission to approve its Bitcoin exchange-traded fund (ETF) during a private meeting held on September 8th. Participants in the conversation were the President of Fidelity Tom Jessop, six other executives of the company, and numerous SEC officials.
The firm’s representatives cited many reasons why the watchdog should greenlight such a product The Bitcoin market has significantly increased its trading volume. They also brought up the surging appetite for digital asset services from investor
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