"Many of the largest US financial institutions are actively working to provide access to Bitcoin and others," CoinShares Chief Strategy Officer Meltem Demirers tweeted along with a list of financial institutions including Fidelity, JPMorgan, Morgan Stanley, Goldman Sachs , BNY Mellon, Invesco and Bank of America
Fidelity is the latest financial giant to enter the race to be the first to market with a fully-fledged spot bitcoin ETF, filing on Thursday with the US Securities and Exchange Commission (SEC) for the so-called Wise Origin Bitcoin Trust it first offered in 2021.
"Crypto markets enjoyed another positive week, with Bitcoin stabilizing near its $30,000 high," Rachel Lin, founder of decentralized derivatives SynFutures, said in emailed comments.