Fidelity Makes Case for Bitcoin ETF With SEC

BeInCrypto –

In a recent presentation for the Securities and Exchange Commission (SEC), Fidelity Investments argued the merits of approving its Bitcoin exchange-traded fund (ETF).

According to filings from the SEC, Fidelity executives including Tom Jessop, president of Fidelity Digital Assets, met with regulatory officials in a video call on September 8. In their presentation, the executives explained why the regulator should approve the proposed product. 

Some of the reasons the presentation highlighted include the increasing investor appetite for virtual currencies, the growing number of Bitcoin holders and the development of similar funds in other countries.

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