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Bitcoin Briefly Pushes Above $31K After Fidelity Spot ETF Report

Fidelity previously applied for a spot bitcoin ETF in 2021, but the effort was rejected by the SEC.

Updated Jun 28, 2023, 5:39 p.m. Published Jun 27, 2023, 3:44 p.m.
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Bitcoin saw a mid-morning price surge after The Block reported asset management giant Fidelity was preparing to file for a spot bitcoin ETF as soon as Tuesday.

The news prompted the price of bitcoin to rise from $30,600 to $31,000 in the space of a few minutes, though that quickly reversed, with the crypto trading back to $30,500 at press time, according to CoinDesk data.

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“We are not able to confirm or share an update,” a Fidelity Investments spokesperson said in a statement to CoinDesk.

Fidelity previously applied for a spot bitcoin ETF in 2021, but its filing was rejected by the U.S. Securities and Exchange Commission (SEC) in 2022.

Earlier in June, fellow asset management giant BlackRock set off a flurry of spot bitcoin ETF filings and re-filings – not to mention a sizable rally in the bitcoin price – when its iShares unit submitted an application to the SEC for its own such fund.

Fidelity-backed EDX Markets, a crypto exchange aimed at large financial institutions, opened for business one week ago in the U.S.

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Protocol Research: GoPlus Security

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  • As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
  • GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
  • Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

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Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research

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K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.

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  • K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
  • The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
  • With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.