June 27 (Cointime) - Fidelity, a major asset management company, is reportedly preparing to file for a bitcoin exchange-traded fund (ETF), following in the footsteps of BlackRock. Other asset managers, including Invesco, WisdomTree, and Bitwise, have also filed for similar products since BlackRock's filing in June.

This will be Fidelity's second attempt at launching a bitcoin spot ETF, after its previous attempt was denied by the US Securities and Exchange Commission in early 2022. The launch of a bitcoin ETF is highly anticipated, as it would provide investors with exposure to the market without having to deal with the underlying asset.