Latest Fidelity filing outlines mainstream Bitcoin trading product
Cointelegraph
Published Aug 26, 2020 05:14PM ET
Updated Aug 26, 2020 07:00PM ET
Fidelity has filed for a Regulation D exemption with the U.S. Securities and Exchange Commission, or SEC, for a Bitcoin-based financial product.
Known as the Wise Origin Bitcoin Index Fund, the product falls under the "pooled investment fund" category, according to the firm's Form D filing, dated Aug. 26, 2020. Entities can offer a financial security without the SEC's stamp of registration approval, as long as they file a Form D with the commission, according to information from the SEC's website.
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Written By: Cointelegraph
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