Fidelity is joining other asset managers with its first Bitcoin exchange-traded product (ETP) for retail investors in the UK.
Fidelity International (Fidelity) is expanding its UK-listed crypto exchange-traded product (ETP), Fidelity Physical Bitcoin ETP, to retail investors. The development follows Fidelity’s launch of the dual-strategy exchange-traded fund (ETF) The ETP is the first crypto asset made available to its adviser platform clients from 3 November with Fidelity Digital Assets acting as the custodian, according to the Bermuda-registered company. It carries an ongoing charges figure of 0.25%.