Fidelity Investments outlined the benefits of its Bitcoin exchange-traded fund (ETF) in a private meeting on September 8, 2021, as part of an effort to convince the Securities and Exchange Commission (SEC) to approve it.
Indeed, filings show executives from Fidelity Digital Assets, including Tom Jessop, met with SEC regulators in a private video call, according to Bloomberg.
Among Fidelity’s arguments for the regulator’s approval of the proposed product were the growing investor interest in virtual currencies, the growth of Bitcoin holders, and other similar funds existing in other countries such as Canada.
