$4.2 Trillion Fidelity Urges SEC To Approve Bitcoin ETF

Fidelity Investments held a private meeting with the U.S. Securities and Exchange Commission (SEC) to urge the regulator to approve its Bitcoin exchange-traded fund, Bloomberg reported.

On September 8 Tom Jessop, president of Fidelity Digital Assets, met with SEC officials in a video call, Bloomberg found. The company gave a presentation that demonstrated “increased investor appetite” for Bitcoin, the existence of similar funds in other countries, and the growth in Bitcoin holders.

Several firms have filed for Bitcoin or Bitcoin futures ETFs in the weeks following Gensler’s remarks in August that shed light on how the SEC may act on the many exchange-traded fund (ETF) proposals now up for review by the agency, signaling that those based on Bitcoin futures may have the highest chance of approval.

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