Fidelity Investments has filed a securities registration for its spot Bitcoin ETF with the SEC.
The company, which holds over $4.5 trillion in assets, filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register the Fidelity Wise Origin Bitcoin Fund. The filing marks a move to make the fund a publicly traded security, a milestone for Fidelity and the broader acceptance of digital assets in traditional investment portfolios.
The filing comes at a turbulent time for the cryptocurrency market as the cryptocurrency market suffered more than $540 million in liquidation losses today due to Matrixport claiming the SEC could reject all ETF applications. However, several journalists and analysts soon refuted those claims.
SEC Form 8-A is an important regulatory requirement for companies seeking to list their securities on an exchange. This registration highlights Fidelity’s commitment to compliance with regulatory standards, paving the way for its spot Bitcoin exchange-traded fund (ETF) to be offered on stock exchanges nationwide.
As stated on the form, listing on the CBOE BZX exchange is a clear sign that Fidelity is positioned at the forefront of the ETF investment wave. With this registration, Fidelity’s Bitcoin fund is now subject to rules and oversight designed by the SEC to protect investors and maintain a fair market, underscoring the fund’s legitimacy.