Fidelity has updated its S-1 application, suggesting a new era of institutional investment in the cryptocurrency market. If approved by the SEC, the application for a spot Bitcoin ETF could mark a significant turning point and facilitate increased institutional investment. This could drive up cryptocurrency prices and enhance the credibility of digital assets. The approval of Bitcoin ETFs is seen as a crucial development for the cryptocurrency market’s journey towards mass adoption. However, it should be noted that trading or investing in forex, cryptocurrencies, and CFDs carry a considerable risk of loss.
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