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Tuesday, August 9, 2022

Fidelity International Launches Bitcoin ETP In Europe

  • Fidelity International launched a bitcoin exchange-traded product in Europe to meet increased demand from institutions.
  • FBTC lists on the Deutsche Boerse today and on the SIX Swiss exchange in the coming weeks carrying a 0.75% fee.
  • Fidelity International has been operating as an independent firm from Fidelity Investments for over 40 years.

Fidelity International has launched its first bitcoin exchange-traded product (ETP) in Europe in what is the joint-cheapest offering available for investors in the old continent seeking direct exposure to the bitcoin price, according to a press release sent to Bitcoin Magazine.

The Fidelity Physical Bitcoin ETP will list on the Deutsche Börse Xetra today under the ticker symbol “FBTC” and on the SIX Swiss Exchange in the coming weeks. It will carry an ongoing charge figure (OCF) of 0.75%.

Fidelity International launched FBTC for its European institutional and professional investors seeking an easy investment avenue for Bitcoin following a Fidelity Digital Assets survey from last year found that seven in ten institutional investors plan to invest in cryptocurrency in the near future.

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