Fidelity Launches First Investment Product That Tracks Bitcoin In Europe
NDTV
The decision to list an exchange-traded fund (ETF) comes after a Fidelity Digital Assets survey indicated that 70% of institutional investors expect to buy or invest in digital assets in the future.
Fidelity International has launched its first investment product that tracks bitcoin in Europe, as the British investment manager taps into rising demand for exposure to digital currencies.
The Fidelity Physical Bitcoin ETP, available to the asset manager's professional and institutional clients in Europe, began trading on the Deutsche Börse Xetra on Tuesday.
The physical bitcoin exchange-traded product (ETP) will also debut on the SIX Swiss Exchange in the coming weeks, Fidelity said.
Nick King, head of exchange-traded funds (ETFs) at the company, said the ETP launch "is the first step in our digital assets product capability".
