Fidelity reportedly launching spot Bitcoin ETF in Canada

Fidelity reportedly launching spot Bitcoin ETF in Canada
© Reuters.

It\’s been a bumpy ride for Bitcoin (BTC) investors. While waiting on the United States Securities and Exchange Commission (SEC) to make their decision about whether or not they will approve a spot Bitcoin exchange-traded fund (ETF), U.S-based investment firm Fidelity Investments is reportedly launching a spot ETF in Canada subject to regulatory approval.

According to a tweet shared by Bloomberg senior ETF analyst Erick Balchunas, the fund \”Fidelity Advantage Bitcoin ETF\” is currently pending listing on a Canadian exchange. Balchunas also pointed out that if the new fund succeeds, it would become the largest asset management firm that offers Bitcoin services.

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