Cryptocurrencies
Fidelity Pushed for Bitcoin ETF Approval in Private SEC Meeting
- Presentation cites maturing crypto market, increased adoption
- Several firms vying for regulatory blessing on Bitcoin ETFs
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Fidelity Investments urged the U.S. Securities and Exchange Commission to approve its Bitcoin exchange-traded fund in a private meeting, listing the virtues of an idea that the regulator has been slow to embrace.
Executives including Tom Jessop, president of Fidelity Digital Assets, met with SEC officials in a Sept. 8 video call, filings show. They laid out reasons why the regulator should approve the proposed product, including increased investor appetite for virtual currencies, the growth of Bitcoin holders and the existence of similar funds in other countries, according to a presentation from the meeting.