The Chicago Board Options Exchange (Cboe) recently released a 19b-4 filing for the Fidelity Bitcoin Spot ETF, called Wise Origin Bitcoin Trust. The fund is sponsored by FD Funds Management LLC and will be maintained by Fidelity Digital Asset Services. Wise Origin Bitcoin Trust will provide investors with a safe investment channel, protecting investors from risks such as bankruptcy of non-qualified custodians and cyber attacks through professional custodians and service providers.

The filing with the U.S. Securities and Exchange Commission (SEC) marks Fidelity’s new attempt to go public with the Wise Origin Bitcoin Trust. It should be pointed out that this is Fidelity’s second application after its first application for Wise Origin Bitcoin ETF in 2021. While it is too early to discuss other details of the proposal, this move demonstrates positive confidence in the Bitcoin market and we are optimistic about the development of this area.