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Fidelity's Bitcoin ETF

One of the largest asset managers in the world filed for a BTC ETF...is this the one?
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Mar 27, 2021 • 1 min read

Dear Bankless Nation,

Fidelity filed for a Bitcoin ETF this week. This is huge.

The crypto community has been pleading for this to happen for years now. There’s been multiple attempts over the years…so why is this one different?

Because it’s not coming from the crypto natives. It’s coming from one of the largest asset managers in the world.

If the banks can’t do it, can anyone?

The industry has matured a lot over the past few years too. We now have regulated CME futures markets. Financial institutions have the green light to custody the asset. Corporations hold BTC on their balance sheet. We even have crypto natives leading the SEC.

If this passes, it would open the flood gates for more money, for more institutions, for more adoption.

If this passes, crypto is going mainstream. No denying that.

There’s only one question now…

When ETH ETF?

- RSA

P.S. POAP #82051 (Address: 0x7936...1035), you’re eligible to claim this very rare Bankless Dogepunk. DM Dogepunks with proof to claim! You have three days!

Recap for the week of March 21st, 2021

🎙️WEEKLY PODCAST EPISODE

Listen in Podcast App | iTunes | Spotify | YouTube | RSS Feed

ACTION RECAP

  1. Execute any good market opportunities you saw in Market Monday
  2. Automate your staking rewards with xToken
  3. Read Ultra Sound Money 🔥
  4. Earn the best yields on USD
  5. Share how you’re earning crypto

Watch & Listen

  1. 🎙️ Listen to Ultra Sound Money with Justin Drake
  2. 📺 Watch SotN #39: Is Wall Street Going Bankless with David Grider
  3. 📺 Watch our AMA with Chris Spadafora from BadgerDAO
  4. 📺 Watch ROLLUP: Uniswap V3 | Fidelity BTC ETF | Jack Dorsey
  5. 📺 Watch Meet the Nation: Aztec Protocol

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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