Fidelity Joins the Bitcoin ETF Party
Happy Thursday, Blockfolians
The Lede
Yep, that’s right. Fidelity has become the 6th firm to offer up an application for a Bitcoin ETF. At this point, we sort of agree with this take:
In all seriousness though, there are good reasons to think that the SEC will finally allow a Bitcoin ETF soon:
The new Chair Gary Gensler is more pro-crypto, having taught a course on Bitcoin and Blockchain at MIT
Canada now has multiple approved ETFs
The market has matured significantly since the last round of proposals
For now, I guess we just wait and see.
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Highly Relevant Reading
Caitlin Long’s Avanti raises another $37m
Binance adds two former FATF members to advisory team
Chinese banks are now allowing people to apply for access to the digital yuan
Dalio still chirping about the US government banning bitcoin
Community Commentary
There is an awful lot of long faces out there for an asset that has been over $50,000 for nearly three weeks
Tell us again that bitcoin doesn’t have any use case besides speculation?
A Really Big Number We Should Be Paying Attention To
$560,000
That’s the final price of an NFT auction in conjunction with the New York Times. Subscriptions what?
Final Thought
Good summary of today’s hearings around big tech
