Fidelity Investments has announced plans to launch an exchange traded fund (ETF) that tracks the price of Bitcoin.
FD Funds Management, a subsidiary of Fidelity, on Wednesday submitted an S-1 filing to the Securities and Exchange Commission (SEC) outlining its intention to financially back the ETF.1
The ETF, called Wise Origin Bitcoin Trust, will track the cryptocurrency through the Fidelity Bitcoin Index, which takes spot prices from various Bitcoin markets, including popular exchanges. Read more…..
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