New Bitcoin Fund Proposal Filed with SEC by Fidelity Executive
- The fund lists Peter Jubber as president and also shares a Boston office address with Fidelity headquarters.
The US Securities and Exchange Commission today published a new application for a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term index fund recently submitted by Fidelity’s president and head of strategy and planning, Peter Jubber.
According to the filing document published by the SEC, the proposed fund called ‘Wise Origin Bitcoin Index Fund I, LP,’ is meant to target deep-pocket investors with the minimum participation tag set at $100,000.
Notably, the fund lists Peter Jubber as executive officer and also includes details of a Boston office building that shares the same address where Fidelity headquarters are located. However, the SEC filing does not show further details about the fund structure or products, and also did not highlight any existing investors.
Fidelity Investments, which currently manages $8 trillion on behalf of its customers, has been a leader in helping clients navigate crypto markets and was among the first Wall Street firms to allow Coinbase clients to view their crypto holdings right on its platform.
Fidelity’s cryptocurrency investment arm has also secured approval to operate as a trust in the state of New York, which allows the company to widen its business beyond just being a custodian for institutional clients.
Fidelity Investments established its new subsidiary back in 2018 to help professional investors, including hedge funds and family offices, gain exposure to crypto-assets using an over-the-counter (OTC) trading desk.
The company already features institutional-grade, crypto linked services, including custody offerings to safeguard holdings and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services 24 hours a day, seven days a week.
Most recently, in June, a regulatory disclosure with the Ontario watchdog showed that the investing giant owns around 10.6% stake in the mining firm, Hut 8.
Despite investor interest, it seems unlikely that the SEC would be comfortable using bitcoin as an underlying asset in a regulated investment vehicle any time soon.
Pending the regulatory decision, the Fidelity proposal could ultimately join the long list of failed attempts to get an ETF approved by the SEC, leaving the title for the first approved BTC exchange-traded product still empty.
The US Securities and Exchange Commission today published a new application for a Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term index fund recently submitted by Fidelity’s president and head of strategy and planning, Peter Jubber.
According to the filing document published by the SEC, the proposed fund called ‘Wise Origin Bitcoin Index Fund I, LP,’ is meant to target deep-pocket investors with the minimum participation tag set at $100,000.
Notably, the fund lists Peter Jubber as executive officer and also includes details of a Boston office building that shares the same address where Fidelity headquarters are located. However, the SEC filing does not show further details about the fund structure or products, and also did not highlight any existing investors.
Fidelity Investments, which currently manages $8 trillion on behalf of its customers, has been a leader in helping clients navigate crypto markets and was among the first Wall Street firms to allow Coinbase clients to view their crypto holdings right on its platform.
Fidelity’s cryptocurrency investment arm has also secured approval to operate as a trust in the state of New York, which allows the company to widen its business beyond just being a custodian for institutional clients.
Fidelity Investments established its new subsidiary back in 2018 to help professional investors, including hedge funds and family offices, gain exposure to crypto-assets using an over-the-counter (OTC) trading desk.
The company already features institutional-grade, crypto linked services, including custody offerings to safeguard holdings and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term services 24 hours a day, seven days a week.
Most recently, in June, a regulatory disclosure with the Ontario watchdog showed that the investing giant owns around 10.6% stake in the mining firm, Hut 8.
Despite investor interest, it seems unlikely that the SEC would be comfortable using bitcoin as an underlying asset in a regulated investment vehicle any time soon.
Pending the regulatory decision, the Fidelity proposal could ultimately join the long list of failed attempts to get an ETF approved by the SEC, leaving the title for the first approved BTC exchange-traded product still empty.