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UPDATE 1-Fidelity preparing to submit spot bitcoin ETF filing - The Block

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(Adds BlackRock ETF filing background in paragraph 2, bitcoin price jump in last paragraph)

June 27 (Reuters) - Asset management giant Fidelity is close to submitting its filing for a spot bitcoin exchange-traded fund (ETF), the Block reported on Tuesday citing a source familiar with the matter.

Fidelity did not immediately respond to a Reuters request for comment.

The report comes days after BlackRock filed for a similar ETF, sparking a surge in the price of bitcoin to a 1-year high.

The price of Bitcoin, the biggest cryptocurrency, was up 2.2% on Tuesday. (Reporting by Niket Nishant in Bengaluru; Editing by Krishna Chandra Eluri)

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