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Fidelity app lists the Bitcoin ETFs of ARK 21Shares, VanEck, WisdomTree, Invesco

CointelegraphCointelegraph2024/01/10 19:51
By:Tom Blackstone

In a growing sign that spot Bitcoin exchange-traded funds (ETF) may be approved, stock brokerage service Fidelity Investments listed several of the proposed ETFs on its web app on Jan. 10, including the ARK 21Shares Bitcoin ETF (ARKB), Vaneck Bitcoin Trust ETF (HODL), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC) and Wisdom Tree Bitcoin ETF (BTCW).

I can confirm that several of the #BTC ETFs are currently being populated on Fidelity's brokerage platform.

These are the 4 that I was able to pull:
• Ark 21Shares $ARKB
• Vaneck $HODL
• Invesco Galaxy $BTCO
• WisdomTree $BTCW

Still no formal approval, but likely tonight. pic.twitter.com/ASblziBPIE

— Caleb Franzen (@CalebFranzen) January 10, 2024

At the time of publication, other proposed spot Bitcoin ETFs are not listed on the app, including the BlackRock iShares Bitcoin Trust (IBTC), BitWise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Trust (FBTC) and Hashdex Bitcoin ETF. The decision not to list these products doesn't necessarily mean they won't eventually be listed.

The Fidelity app pages for these funds appear to have been populated from templates. They contain stock risk disclaimers and a blank chart. Presently, the shares for these funds cannot be purchased on these pages.

ARK 21Shares Bitcoin ETF listing on Fidelity. Source: Fidelity app

The listings on Fidelity provide further evidence that these funds may be on the verge of being approved by the United States Securities and Exchange Commission (SEC). On the same day that Fidelity listed these funds, the Cboe BZX stock exchange also listed ARKB, HODL, BTCO, BTCW, and EZBC , as well as FBTC in its interface. These funds aren't available for purchase on Cboe, and they have still not officially been approved by the SEC.

Related: Bitcoin ETF speculation written into the Bitcoin blockchain

On Jan. 9, the SEC's X (formerly Twitter) account posted a false message stating that the Bitcoin spot ETFs were approved. This announcement was later contradicted by SEC chair Gary Gensler, who clarified that  the regulator's X account had been hacked . Bloomberg ETF analyst Eric Balchunas has stated that he expects the ETFs to be approved between 4 and 6 pm EST on January 10.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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