Financial large Fidelity simply hit a brand new milestone, attracting greater than $100 million to its fund for the world’s main cryptocurrency.
Since opening in August of 2020, the Wise Origin Bitcoin Index Fund has pooled precisely $102,350,437, in accordance to a latest filing with the U.S. Securities and Exchange Commission (SEC).
The report additionally exhibits that since its first sale on August thirty first of final 12 months, a complete of 83 shoppers have invested in the fund.
The Bitcoin fund could be accessed by Fidelity’s Digital Funds division. In order to make investments, buyers want to contribute a minimal of $50,000.
Fidelity’s $100-million index fund is likely one of the largest of its sort. Competing Bitcoin index funds managing greater than $100 million embody Galaxy, NYDIG and Pantera.
Currently, the fund is barely open to certified and accredited buyers.
Although the SEC has rejected each latest Bitcoin exchange-traded fund (ETF) proposal, the company is at present reviewing Fidelity’s Bitcoin ETF alongside eight others which have been filed in the previous 12 months.
Disclaimer: Opinions expressed at The Daily Hodl will not be funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your individual danger, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please notice that The Daily Hodl participates in online marketing.
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