US financial firm Fidelity International has launched a physical investment as a result of increasing demand for digital assets among European investors. bitcoin launched the product traded on the stock exchange.
The “Fidelity Physical Bitcoin ETP”, made available to professional and corporate customers in Europe, began trading on Tuesday at the “Deutsche Börse Xetra” in Frankfurk.
fidelityPhysically bitcoin He announced that his ETP will also start trading on “Zurich’s Six” in the coming weeks.
Nick King, head of Fidelity’s ETF, Physical Bitcoin ETP He said the launch was “the company’s first step in terms of digital asset product capability.”
In the statement, it was stated that Fidelity Digital Assets, the digital asset arm of Fidelity Investments, will manage the said ETP.
A recent survey by Fidelity Digital Assests played a role in Fidelity’s decision to release an ETP.
The survey in question concluded that 70% of institutional investors expect to purchase or invest in digital assets in the future.
USA’s Bitcoin ETF Approach!
In the US, the SEC has yet to approve a spot Bitcoin ETF. In this context, the SEC announced last month that it rejected the spot Bitcoin ETF made by Fidelity Investments.
However, Fidelity Investments, which continues to work on the Bitcoin ETF, launched a Canadian-based physical Bitcoin ETF in early December with an asset of $ 30 million.
*Not investment advice.