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In a Private Meeting, Fidelity Urges the SEC To Authorize a Bitcoin ETF.

Published 09/15/2021, 11:20 AM
Updated 09/15/2021, 11:30 AM
© Reuters. In a Private Meeting, Fidelity Urges the SEC To Authorize a Bitcoin ETF.

  • Fidelity advocates for SEC to certify its Bitcoin exchange-traded fund (EFT).
  • According to Fidelity, Bitcoin markets have already matured according to the SEC’s own rules.
  • Despite its legal battle with the SEC, Fidelity intends to hire 70% more crypto-asset employees.

Multinational financial services firm Fidelity Investments has pressed the U.S. Securities and Exchange Commission to approve its Bitcoin exchange-traded fund (EFT).

Fidelity Digital Assets President, Tom Jessop had a private meeting on Sept. 8 with six of the firm’s executives and some SEC officials. In the meeting, the finance executives pointed out some reasons why the SEC should endorse ETPs. More so, these include the high demand for digital assets and other alike products. They also stated the demand for Bitcoin adoption as one of the bases for seeking approval.

The Fidelity officials cited Canada, Sweden, Germany, and Switzerland as the countries

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