Fidelity Jumps Into Bitcoin ETF Race With Fresh SEC Filing (1)

Fidelity Investments is the latest financial services heavyweight to throw its name into the race to offer the first US exchange-traded fund investing directly in Bitcoin.

The Boston-based asset manager, which has about $11 trillion in assets under administration and has tens of millions of customers, re-filed for the Wise Origin Bitcoin Trust, according to a document submitted Thursday with the US Securities and Exchange Commission. Similar to previous US spot Bitcoin ETF filings in the past few weeks, the updated application says that Fidelity expects to enter into a surveillance-sharing agreement with a US cryptocurrency exchange.

It’s the latest ...