The Fidelity app lists Bitcoin ETFs from Ark 21Shares, VanEck, WisdomTree, Invesco.
In a growing sign of possible adoption of Bitcoin exchange-traded funds (ETFs), stock brokerage Fidelity Investments listed several of its proposed ETFs on its website on January 10, including ARK 21Shares Bitcoin ETF (ARKB), Vaneck Bitcoin Trust ETF (HODL), Invesco Galaxy Bitcoin ETF (BTCO), Franklin Bitcoin ETF (EZBC) and WisdomTree Bitcoin ETF (BTCW).
I can confirm that many of the #BTC ETFs are currently being populated on Fidelity's brokerage platform.
Here are the 4 I managed to pull: • Ark 21 Share $ARKB • Vanek $HODL • Invesco Galaxy $BTCO • Wisdomtree $BTCW
Still no formal confirmation, but maybe tonight. pic.twitter.com/ASblziBPIE
— Caleb Franzen (@CalebFranzen) January 10, 2024
At the time of publication, other proposed Bitcoin (BTC) ETFs were not listed on the app, including BlackRock iShares Bitcoin Trust (IBTC), BitWise Bitcoin ETF (BITB), Fidelity Wise Origin Bitcoin Trust (FBTC) and Hashdex Bitcoin ETF. The decision not to list these products does not mean they will not be listed eventually.
The Fidelity app pages for these funds appear to be full of templates. They contain stock risk disclaimers and a blank chart. Currently, shares of these funds cannot be purchased on these pages.
The listings at Fidelity provide further evidence that these funds may be subject to approval by the United States Securities and Exchange Commission. On the same day that Fidelity listed these funds, the Cboe BZX stock exchange also listed ARKB, HODL, BTCO, BTCW and EZBC as well as FBTC on its interface. These funds are not available for purchase on Cboe, and have not yet been officially approved by the SEC.
Related: Bitcoin ETF valuation written in the Bitcoin blockchain
On January 9, the SEC's X (formerly Twitter) account posted a false message stating that Bitcoin ETFs were allowed. This announcement was contradicted by SEC Chairman Gary Gensler, who said the regulator's X account had been hacked. Bloomberg ETF analyst Eric Balchunas said he expects ETFs to be approved between 4:00 a.m. and 6:00 p.m. Eastern Time (9:00 p.m. and 11:00 p.m. UTC) on January 10.