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BIG News on Fidelity, a Bitcoin ETF Coming (again?!) and Circle Appealing to Regulators
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Fidelity, a financial institution that oversees over $2 Trillion in assets is rumored to be working on proper custodian services for cryptoassets. This is huge news in my opinion, as a legitimate custodian service for crypto will enable larger investors to gain exposure to the market. Sticking with the big players theme, Van Eck and SolidX are applying for a Bitcoin ETF with a single share worth about $200,000, hoping to comply with SEC feedback.
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Fidelity working on crypto solutions: http://www.businessinsider.com/fidelity-a-household-name-in-american-investing-is-plotting-a-big-move-into-cryptocurrency-trading-2018-6
Bitcoin ETF Dreams Alive: https://www.bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing
Circle in Talks to Become a Registered Bank: https://www.bloomberg.com/news/articles/2018-06-06/circle-in-talks-with-u-s-to-become-licensed-bank-trading-venue
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