Fidelity's paperwork also includes a "surveillance sharing agreement" with a yet-to-be-named U.S. spot-based Bitcoin exchange, designed to ease SEC concerns about market manipulation.
Fidelity cited losses incurred by cryptocurrency investors recently as a result of custodian and controlled exchange bankruptcies and claimed that a spot Bitcoin ETF would have protected "countless investors." The SEC has yet to make a decision regarding any of the new applications, and the SEC’s decision on BlackRock’s ETF filing could take until early next year. According to CoinMarketCap data,Observer of crypto markets and writer of all things crypto.
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