- Fidelity Investments’ spot Bitcoin
exchange-traded fund (ETF) is now visible on the active and prior launch list of the Depository Trust & Clearing Corporation (DTCC). - Wise Origin Bitcoin FD SHS is listed under the alias FBTC. This indicates that the SEC is close to approving the spot Bitcoin ETF.
- As reported by COINOTAG, Timmer believes Bitcoin’s risk-return ratio surpasses many assets like the S&P 500 and Gold.
Fidelity Investments’ spot Bitcoin exchange-traded fund has been added to the Depository Trust & Clearing Corporation’s list: Details!
Fidelity Bitcoin ETF Added to DTCC
Fidelity Investments’ spot Bitcoin exchange-traded fund (ETF) is now visible on the active and prior launch list of the Depository Trust & Clearing Corporation (DTCC). Fidelity’s spot Bitcoin ETF is listed under the alias FBTC. This is a significant development in the race for the approval of the first spot Bitcoin ETF in the United States.
According to DTCC data, Fidelity Investments’ spot Bitcoin ETF is listed on the Depository Trust & Clearing Corporation (DTCC) website. Wise Origin Bitcoin FD SHS is listed under the alias FBTC. This indicates that the SEC is close to approving the spot Bitcoin ETF.
The increasing expectation of approval for the spot Bitcoin ETF is pushing the BTC price higher. Additionally, the Bitcoin Fear and Greed Index have reached the ‘extreme greed’ range, signaling a potential pullback before another upward momentum.
Meanwhile, Fidelity Global Macro Director Jurrien Timmer believes that the price of Bitcoin could reach $1 billion by 2038. His estimate is based on the fact that Bitcoin, in 2020, served as an inflation hedge, similar to gold, amid fiscal and monetary stimulus to mitigate public inflation.
COINOTAG previously reported that Timmer believed Bitcoin’s risk-return ratio surpassed many assets like the S&P 500 and Gold. Therefore, Timmer argues that having some BTC in portfolios could “go a long way.”
Closing Above $45,000 for Bitcoin This Year
Matrixport research accurately predicted a bullish rally to $45,000 by the end of the year when BTC was trading around $35,000. The firm also foresaw Bitcoin reaching $60,000 before the halving. The excitement around the spot Bitcoin ETF seems to indicate an upcoming significant rally along with the bull market. However, traders should remain cautious against unexpected events.
The current BTC price is trading at $43,270, and previous gains have diminished concerning the CME gap at $39,700. The 24-hour low and high values are $42,880 and $43,951, respectively. Additionally, the trading volume has slightly increased in the last 24 hours.
