The Latest Breaking News from Fidelity

The SEC emphasized the need for an extended evaluation period to make an informed decision regarding approval, disapproval, or the initiation of further proceedings.

Social media phenomenon builds on stereotype that women are bad at math and can’t manage their money. Studies show that just isn’t true.

While over a dozen financial firms started offering Bitcoin ETFs on Thursday, with BlackRock, Grayscale and Fidelity emerging on top – registering around $4.5 billion in cumulative trading volumes, the crypto investment vehicle is not available for purchase in one of the biggest fund issuers in the world, Vanguard.

Bitcoin ETFs from financial giants BlackRock, Fidelity, and Grayscale have collectively soared past the $1 billion threshold in trading volumes within the first 30 minutes of market opening.

The agency was forced into action after a landmark court victory by the crypto firm Grayscale and the arrival of major players like BlackRock and Fidelity.

The trading firm has reduced its crypto business after its disastrous involvement with the failed crypto firm Terraform Labs.

Steven McClurg is the cofounder and CIO of Valkyrie, an asset manager vying to launch a spot Bitcoin ETF.

Bitcoin (BTC) surged by almost 7%, reaching above $47,000 on Monday afternoon. This increase coincided with the submission of final S-1 forms to the SEC by hopeful Bitcoin ETF issuers such as BlackRock, Fidelity and Grayscale.

ARK 21 and VanEck's spot Bitcoin ETFs lead with a 0.25% fee, followed by Fidelity at 0.39%, Wisdom Tree at 0.50%, Invesco at 0.59%, Valkyrie at 0.80% and Hashdex at 0.90%.

All signs point to the SEC approving the long-awaited crypto investment vehicle this week.

The submission of Form 8-A suggests that the SEC's decision is imminent, but it does not necessarily imply approval.