Fidelity International is to list its first bitcoin exchange-traded product (ETP) on the Deutsche Borse in Frankfurt and SIX Swiss Exchange in Zurich.Read MoreFeedzy
Fidelity International is listing its first bitcoin exchange-traded product (ETP) on the Deutsche Borse in Frankfurt and SIX Swiss Exchange in Zurich.
The Physical Bitcoin ETP tracks the price of the world’s largest cryptocurrency by market value and is being made available to Fidelity International’s professional and institutional clients in Europe.
Fidelity Digital Assets will act as the product’s custodian.
The ETP lists on the Deutsche Borse Xetra today and will become available on the SIX Swiss Exchange in the coming weeks, Fidelity International said in an email Tuesday.
Trading under the ticker FBTC, the ETP will charge a fee of 0.75%.
Fidelity International is an independent investment firm. It began life in 1969 as a subsidiary of Fidelity Investments, the Boston-based financial services giant that manages over $4 trillion in assets, and split off in 1980.
The firm, based in London, has client assets of $812.8 billion under management.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin Magazine Strategy (MSTR) Stock Craters 10%, Hits Two-Year Low as Bitcoin Crashes Below $60K,…
Bitcoin Magazine Bitcoin Price Collapses to $59,000 — and the Worst May Not Be Over…
South Korean memory chip giant on Wednesday filed to raise nearly $30 billion in a…
TL;DR BlackRock says a 1% to 2% Bitcoin allocation can be reasonable in a multi-asset…
A 50% drop from recent highs has pushed the asset into a zone historically labeled…
Bitcoin Magazine Bitcoin Price Crashes Toward $61,000 as Bloodbath Engulfs Crypto Stocks Bitcoin price is…