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Zenger
Zenger
Shivdeep Dhaliwal

Bitcoin ETF Amendments By Fidelity Fuel Market Optimism

Major coins were seen trading in the red at the time of writing as the global cryptocurrency market cap declined 0.9% to $1.08 trillion.  S3STUDIO/GETTY IMAGES

Major coins were seen trading in the red at the time of writing as the global cryptocurrency market cap declined 0.9% to $1.08 trillion. 

What Happened: Bitcoin gained some buoyancy in earlier trading as investors focused on amendments filed by Fidelity to a proposed spot ETF. The changes, filed with the U.S. Securities and Exchange Commission, revolved around how Fidelity would safeguard apex cryptocurrency stored in custody accounts and also touched on disclosures related to the regulatory environment affecting cryptocurrencies.

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