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Fidelity International Debuts Bitcoin ETP in Europe

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.

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