According to new allegations, investment giant Fidelity Investments is preparing to apply for a spot Bitcoin (BTC) exchange-traded fund (ETF) as a competitor to BlackRock.
The allegations that have been circulating among the crypto money community in recent days are another matter. Wall Street actor FidelityIt was stated that . will apply for a spot Bitcoin ETF. giant rival BlackRock’s Fidelity, which is claimed to have taken action after its recent application, is thought to take the ETF race to a different dimension.
The name that sparked the allegations Najib Bukele, chairman of EL Salvator‘s Bitcoin advisor Max Keiser it happened. Keiser posted on social media about Bitcoin Magazine’s Fidelity spot Bitcoin ETF. the shipment by quoting “FOMO” message was noteworthy.
In the details of his post, all cryptocurrencies other than Bitcoin will reset Emphasizing that “Keiserwinner takes everything”, he pointed to the race that started in the giants arena:
FOMO increases as Bitcoin emerges as a winner in the “crypto” arena. The price of everything but Bitcoin will be virtually zero against Bitcoin. As we’ve been saying for 12 years.
On the other hand, Ripple Attorney John E Deaton, Under BlackRock’s management 11 trillion dollarswhile Fidelity $4.5 trillion to have assets sign and made the following statements:
What percentage of this asset will be of use to Bitcoin?
Social media users in total $15.5 trillion your presence Transferring even 1% of it to Bitcoin and in case of new institutional investors entering the cryptocurrency market great in price rises that can be seen is thinking.
From BlackRock’s spot ETF filings 99% Considering that the rate of positive results, an important name for the sector such as Fidelty of the US Securities and Exchange Commission (SEC) The prospect of facing a spot Bitcoin ETF demand is positive for investors.
At this point, the SEC, which has so far rejected all spot Bitcoin ETFs, isn’t given much of a chance against such large institutions.