2024

Bitcoin ETF

Bitcoin

<ul> 
 <li><strong>Fidelity International’s Bitcoin ETP listing on the London Stock Exchange signals increasing institutional adoption and accessibility of Bitcoin.</strong></li> 
 <li><strong>Rapid inflows into Fidelity’s Bitcoin ETF, despite recent price dips, indicate strong market interest that could propel BTC towards $75,000.</strong></li> 
</ul>  
<p>Having been initiated in 2023, when a Fidelity Executive referred to Bitcoin as ‘Exponential Gold’, the bullish case for BTC was painted, as <a href="https://www.crypto-news-flash.com/fidelity-executive-refers-to-bitcoin-as-exponential-gold-paint-bullish-case-for-btc/">reported</a> by CNF. In today’s Binance News, it was highlighted that Fidelity International has successfully listed a physical Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange.</p> 
<p>Collin Brown announced that Fidelity International has launched a physical Bitcoin ETP on the London Stock Exchange. This development is expected to expand investor access and underscores the growing mainstream acceptance of digital assets.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"> Big news! Fidelity International has launched a physical Bitcoin ETP on the London Stock Exchange. This move is set to broaden investor access and reflect the growing mainstream acceptance of digital assets. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4c8.png" alt="📈" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4bc.png" alt="💼" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/ETP?src=hash&amp;ref_src=twsrc%5Etfw">#ETP</a> <a href="https://twitter.com/hashtag/Investing?src=hash&amp;ref_src=twsrc%5Etfw">#Investing</a> <a href="https://t.co/mt2dX00c5z">pic.twitter.com/mt2dX00c5z</a></p> 
 <p>— Collin Brown (@CollinBrownXRP) <a href="https://twitter.com/CollinBrownXRP/status/1818699470151811548?ref_src=twsrc%5Etfw">July 31, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>Furthermore, the listing of the physical Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange marks a major milestone for the financial services company as it broadens its cryptocurrency offerings. The listing on such a prominent exchange is expected to attract a wider range of investors, making Bitcoin more accessible.</p> 
<p>Fidelity International’s move to introduce this product aligns with the growing interest and acceptance of digital assets within traditional financial markets.</p> 
<p>The ETP offers investors direct exposure to Bitcoin without requiring them to hold the cryptocurrency themselves, providing a convenient and regulated investment option. This development is part of a larger trend of increasing institutional involvement in the cryptocurrency space, signaling the continued maturation and mainstream acceptance of digital currencies.</p> 
<p>In addition, as discussed in our recent <a href="https://www.crypto-news-flash.com/london-stock-exchange-to-list-bitcoin-and-ethereum-etns-embracing-crypto/">coverage</a>, the London Stock Exchange (LSE) is set to accept applications for Bitcoin and Ethereum Exchange Traded Notes (ETNs) in Q2 2024. This initiative represents a significant endorsement of cryptocurrency by a leading global financial institution.</p> 
<h2 id="strong-could-the-listing-push-btc-price-to-75-000-strong"><strong>Could the listing push BTC price to $75,000?</strong></h2> 
<p>As per a recent CNF<a href="https://www.crypto-news-flash.com/fidelity-vs-blackrock-bitcoin-etf-inflows-surge-past-500-million-potentially-propelling-btc-price-to-71000-and-new-all-time-high-soon/"> update</a>, Fidelity’s Bitcoin ETF sees rapid growth with $600 million in recent inflows, outpacing BlackRock. At the time, Bitcoin’s market price rallied past $71,000 as ETF inflows continued, signaling potential for new highs.</p> 
<p>However, at the time of writing, according to CoinMarketCap data, BTC is valued at <strong>$63,977.32</strong> with a decrease of <span style="color: #ff0000;"><strong>3.15%</strong></span> in the past day and <span style="color: #ff0000;"><strong>0.27%</strong></span> in the past week. This would require more support in driving BTC price to $75,000. See BTC price chart below.</p> 
<div class="cryptoboxes" id="mcw-19491" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bitcoin" data-symbol="BTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>

Fidelity International Launches Physical Bitcoin ETP on London Stock Exchange – Could It Push BTC Price to $75,000?

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