Home Crypto Fidelity Says It Has Sold $102,000,000 in Bitcoin to Wealthy Investors

Fidelity Says It Has Sold $102,000,000 in Bitcoin to Wealthy Investors

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.

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Featured Image: Shutterstock/Tithi Luadthong

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