Fidelity is the latest financial institution to file for regulatory approval to offer a bitcoin exchange-traded fund, or ETF, with the U.S. Securities and Exchange Commission (SEC). This comes among a wave of bitcoin ETF filings by various entities, all vying to enter the U.S. market simultaneously.

The proposed fund, to be called The Wise Origin Bitcoin ETF will be sponsored by FD Funds Management LLC, and the Fidelity Service Company, Inc. will serve as administrator, according to the filing.

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