Fidelity

As 2023 draws to a close, it has been a remarkable year for many, especially for billionaire Elon Musk. The Tesla Inc (NASDAQ:TSLA) CEO accomplished many things in 2023 including watching his electric vehicle company complete the first deliveries of the Cybertruck. Here's a look back at how several...

Fidelity’s Spot Bitcoin ETF is now listed on the Depository Trust and Clearing Corporation (DTCC) marked under the ticker FBTC. What Happened: Fidelity has listed its Spot Bitcoin ETF on the DTCC under the ticker FBTC. The move was closely observed by the U.S. Securities and Exchange...

Scott Johnsson, a general partner at Van Buren Capital, is hyping up the "official" date range for when regulators will approve Spot Bitcoin Exchange-Traded Funds (ETFs). What Happened: Johnsson, citing a letter from Sherry Haywood of the U.S. Securities and Exchange Commission, expects...

The U.S. Securities and Exchange Commission (SEC) opened a forum for the public to comment on a proposed rule change that could allow asset management firm Fidelity to offer shares of its spot Ethereum (CRYPTO: ETH) exchange-traded fund (ETF). What Happened: In an official notice,...

SEC Chair Gary Gensler continues to withhold comments regarding the future of spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). What Happened: According to a report by The Block, Gensler did not provide any insights on the potential action of the SEC regarding pending applications for spot...

JPMorgan (NYSE: JPM) has expressed a positive outlook on the recent settlement between Binance (CRYPTO: BNB) and the U.S. government, highlighting its beneficial impact on both the cryptocurrency sector and the exchange itself, according to a research report released on Thursday. The report...

Fidelity Investments on Friday filed for the creation of an exchange-traded fund (ETF) that would specifically hold Ether (CRYPTO: ETH). This move aligns Fidelity with its competitor BlackRock (NYSE: BLK), showcasing a growing commitment to cryptocurrency. The proposed Fidelity...

The high-profile buyout of Twitter, now rebranded as X, led by Elon Musk, which involved a group of 19 investors, has reportedly resulted in a massive $17 billion loss.  What Happened: Musk and his co-investors, including the Andreessen-Horowitz VC fund, Oracle...

Fidelity director of global macro Jurrien Timmer outlined a bullish case for Bitcoin (CRYPTO: BTC), aligning it with historical boom-bust cycles and positioning it as a modern-day counterpart to traditional stores of value like gold. What Happened: Timmer revisited his late 2020 thesis,...

ETF Issuer, Fidelity Investments, submitted its Bitcoin (CRYPTO: BTC) Spot ETF “Wise Origin Bitcoin Trust” application to the SEC again. This time, Fidelity Investments has addressed the regulator's concerns that led to the rejection of the previous Bitcoin ETF update. Read...

Securities and Exchange Commission (SEC) Chair Gary Gensler on Wednesday confirmed that the agency is still evaluating a court’s decision regarding Grayscale Investments’ pursuit of a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF). What Happened: During a senate hearing on...

Twitter, the social media platform now known as X, is valued less than Elon Musk’s original purchase price of $44 billion. However, one of the key backers of the deal continues to raise X's value. What Happened: Musk funded a portion of the Twtitter acquisition by selling a portion of his...

The Securities and Exchange Commission has once more postponed its verdict on the approval of all the nation's inaugural Bitcoin (CRYPTO: BTC) focused exchange-traded fund until October. The move leaves industry proponents perplexed, especially in light of a recent court judgment that...

Following Grayscale Bitcoin Trust's (OTC: GBTC) landmark legal victory against the SEC, industry leaders have collectively expressed optimism about the future of spot Bitcoin (CRYPTO: BTC) ETFs, emphasizing the potential for bridging the gap between traditional finance and the crypto world....

Grayscale Bitcoin Trust's (OTC: GBTC) legal triumph over the SEC Monday, potentially paving the way for the first Bitcoin (CRYPTO: BTC) ETF in the U.S., ignited a flurry of reactions from industry experts.  While some viewed this as a significant stride toward...