Fidelity Pitches Bitcoin Spot ETF to SEC, Boosting Crypto Market Optimism
• Fidelity met with SEC to present details on proposed Bitcoin spot ETF, including workflow showing broker dealers don't touch the coin.
• Meeting follows appearance of Fidelity's "FBTC" ticker on DTCC website. Fidelity manages over $4 trillion in assets.
• SEC also met recently with other BTC ETF applicants like Grayscale, BlackRock, and Hashdex.
• Analysts suggest meetings helping increase bullish crypto market sentiments.
• Bitcoin price up 180% YTD, reached $44K peak this year. Currently at $43,860.