Fidelity Investments has selected Jane Street and Cumberland DRW to buy and sell Bitcoin for its Spot Bitcoin exchange-traded fund, subject to the ETF being approved by regulators.
The Boston-based asset manager has reached agreements with the companies to act as third parties for Bitcoin trading, according to a filing with the U.S. Securities and Exchange Commission on Monday. The agreement differs from that of other Bitcoin ETF applicants such as BlackRock Inc. and Franklin Templeton, both of which have selected Coinbase Global Inc. for Bitcoin trading and custody. Fidelity uses the Fidelity Digital Asset Services unit as the Bitcoin custodian for its ETF.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.