Bitcoin ETF

Bitcoin

Spot

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 <li>Explaining the volatile nature of Bitcoin, Timmer stated that the risk-return ratio of the top cryptocurrency surpasses many assets like the S&amp;P 500 and Gold.</li>
 <li>Meanwhile, Fidelity’s spot Bitcoin ETF, FBTC, has been listed on the Depository Trust &amp; Clearing Corporation.</li>
 <li>While there is a chance of approval by the SEC between January 6-10, 2024, it is yet to be seen whether the agency will further delay it for technical reasons.</li>
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<p><strong>Fidelity’s Global Macro Director, Jurrien Timmer, talks about the advantage of having Bitcoin in investors’ portfolios.</strong></p>
<h2 id="strong-fidelity-executive-highlights-the-importance-of-bitcoin-strong"><strong>Fidelity Executive Highlights the Importance of Bitcoin</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126549" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="bitcoin-btc" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/bitcoin-btc-51.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>During a period of rapid price increase for Bitcoin, Fidelity’s Global Macro Director, Jurrien Timmer, suggested that having a small BTC investment in portfolios could be a bet on the upside potential due to the expectation of the approval of the first spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC).</p>
<p>Explaining the volatile nature of Bitcoin, Timmer stated that the risk-return ratio of the top cryptocurrency surpasses many assets like the S&amp;P 500 and Gold. Therefore, he argued that having some BTC in portfolios could “go a long way” and added, “Bitcoin has become its own asset class in terms of risk-return this past decade.”</p>
<p>Meanwhile, Fidelity’s spot Bitcoin ETF, FBTC, has been listed on the Depository Trust &amp; Clearing Corporation. This could be an expectation of approval in the near future. The Depository Trust &amp; Clearing Corporation is a U.S.-based post-trading financial services company that provides clearing and settlement services to financial markets.</p>
<h2 id="strong-fidelity-s-spot-bitcoin-etf-application-strong"><strong>Fidelity’s Spot Bitcoin ETF Application</strong></h2>
<p>Among many financial giants like Blackrock, Fidelity is also awaiting approval from the SEC for its spot Bitcoin ETF. While there is a chance of approval by the SEC between January 6-10, 2024, it is yet to be seen whether the agency will further delay it for technical reasons. Analysts are expecting multiple applications to be approved collectively to avoid giving the first-mover advantage to a single company.</p>
<p>Previously, it was reported that the SEC initiated a public comment period on the proposed rule change regarding the approval of the spot Ethereum ETF application by Fidelity Investments.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/fidelitys-global-macro-director-highlights-the-advantage-of-owning-bitcoin/">Fidelity’s Global Macro Director Highlights the Advantage of Owning Bitcoin!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Fidelity’s Global Macro Director Highlights the Advantage of Owning Bitcoin!

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