July 22, 2024

Fidelity files registration of securities for its Bitcoin ETF with the SEC

Fidelity Investments has filed registration of securities with the SEC for its spot Bitcoin ETF. 

With over $4.5 trillion in assets, the firm has filed Form 8-A with the U.S. Securities and Exchange Commission (SEC) to register its Fidelity Wise Origin Bitcoin Fund. This filing indicates 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.

Fidelity files registration of securities for its Bitcoin ETF with the SEC - 1
Fidelity’s Form 8-A filing | SEC

The filing comes at a turbulent time, as the crypto market lost over $540 million in liquidation today due to Matrixport claiming the SEC might reject all ETF applications. However, several journalists and analysts have refuted such claims shortly after. 

SEC Form 8-A is a critical regulatory requirement for companies intending to list securities on an exchange. This registration underlines Fidelity’s commitment to adhering to regulatory standards, paving the way for its spot Bitcoin exchange-traded fund (ETF) to be offered on a national securities exchange. 

As specified in the form, the listing on the CBOE BZX Exchange is a clear signal that Fidelity is positioning itself at the forefront of the ETF investment wave. With this registration, Fidelity’s Bitcoin fund is now subject to the rules and oversight designed by the SEC to protect investors and maintain fair markets, underlining the fund’s legitimacy. 

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