Fidelity, a massive investment firm, has decided to pursue a spot ETF for Bitcoin, following in the footsteps of Blackrock. This decision suggests that Fidelity may have insider knowledge or believes in the validity of the application submitted by Blackrock, which was previously rejected under the pretext of inadequate protection against price manipulation, despite Bitcoin futures already being available in the market at that time. This move by Fidelity could either be a stroke of luck or a sign that they recognize the well-founded and feasible nature of Blackrock's proposed scheme.
