Fidelity Implores the SEC to Approve Bitcoin ETFs in an Exclusive Meeting

Fidelity investment firm argues that Bitcoin global markets have already reached maturity. The financial firm recently urged the United States Securities and Exchange Commission (SEC) to approve Bitcoin ETFs. Fidelity presented its Bitcoin exchange-traded fund (ETF) to SEC officials on September 8th. The officials present in the private meeting included several SEC officials. Also, six Fidelity firm executives and Tom Jessop – Fidelity Digital Asset President, were also there. Furthermore, the finance executives present laid out reasons SEC regulators should approve EFT. Some of…

Fidelity and Bakkt 2021: Institutional Cryptocurrency Investors

2020 was a very challenging year economically. Data points to a 4.4% shrinking of the global economy during this financial year, the worst such performance since the 1938 global depression. Due to the uncertainty, investors realized the importance of switching their funds into other assets such as precious metals and digital assets.  Crypto's performance bested that of gold, having grown by 65% vs. 20% of the latter from the start of 2020 to September. Fidelity and Baktt, key players bringing…

S&P Dow Jones Indices To Launch Cryptocurrency Indexes In 2021

S&P Dow Jones Indices (S&P DJI) is set to launch a cryptocurrency index in partnership with New York-based digital asset firm Lukka by 2021. This makes it the latest major financial firm to foray into the cryptocurrency industry. According to the press release made today, S&P DJI will use data from Lukka to create indices for over 500 crypto-assets. This data will include Lukka’s aggregated data services Lukka Reference Data and Lukka Prime. Thus S&P DJI clients will work with…