One of the world’s largest asset management companies Fidelity Investments, that provides investors with exposure to the broader cryptocurrencies, blockchain and digital payment systems. ETF announced their intention to present
Fidelity, of the two planned ETFs, Fidelity Metaverse ETF (FMET) and Fidelity Crypto Industry and Digital Payments ETF (DIG) stated that they were.
Company, Fidelity Metaverse ETF, He said it will help investors invest in the development and future of the internet by providing access to companies that develop, produce, distribute or sell products or services related to the establishment and activation of the metaverse.
Which will not offer direct exposure to cryptocurrency Fidelity Crypto Industry and Digital Payments ETF It said it will offer an opportunity to invest in companies that support the broader ecosystem of digital assets, including cryptocurrency mining, blockchain technology and digital payment processing.
Greg Friedman, Fidelity’s Head of ETF Management and Strategy Regarding the ETFs announced, he said:
“By leveraging Fidelity’s decades of investment expertise, we focus on growing our broad product portfolio with innovative strategies that provide investors with choice, value and new opportunities.
We especially see demand from young investors for access to rapidly growing industries in the digital ecosystem.
Presented in this context, these two ETFs offer investors exposure through a familiar investment vehicle.”
Lastly, Fidelity said trading of planned ETFs will begin on or near April 21, 2022.
It will be remembered that in the past months SEChad rejected Fidelity’s application for a spot Bitcoin ETF.
Fidelity has announced two new ETFs.
FIDELITY CRYPTO INDUSTRY AND DIGITAL PAYMENTS ETF (FDIG)
FIDELITY METAVERSE ETF
— Bitcoin System (@bitcoinsystem) April 12, 2022