June 19 (Cointime) - Fidelity Investments, a major asset management firm with $4.2 trillion in assets under management, is reportedly preparing to file for a spot Bitcoin ETF similar to BlackRock iShares. The company is also said to be considering a bid to acquire Grayscale Investments, the largest digital asset management firm.

Fidelity already operates its own digital asset operations under Fidelity Digital Assets, which offers Ethereum ETFs in the US and Bitcoin ETFs on international exchanges, as well as mining Bitcoin since 2014 and offering crypto custody services. While Fidelity and Grayscale have yet to confirm the rumors, the crypto community has reacted positively to the news and expects Fidelity to deepen its presence in the crypto industry.