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

Fiscal huge Fidelity just strike a new milestone, attracting additional than $100 million to its fund for the world’s top cryptocurrency.

Given that opening in August of 2020, the Wise Origin Bitcoin Index Fund has pooled precisely $102,350,437, in accordance to a the latest submitting with the U.S. Securities and Trade Commission (SEC).

The report also exhibits that considering the fact that its very first sale on August 31st of last calendar year, a whole of 83 consumers have invested in the fund.

The Bitcoin fund can be accessed through Fidelity’s Digital Funds division. In purchase to make investments, traders have to have to add a minimum of $50,000.

Fidelity’s $100-million index fund is a single of the most significant of its variety. Competing Bitcoin index resources handling more than $100 million include Galaxy, NYDIG and Pantera.

At present, the fund is only open up to capable and accredited traders.

Even though the SEC has turned down every new Bitcoin trade-traded fund (ETF) proposal, the agency is presently examining Fidelity’s Bitcoin ETF along with eight other people that have been submitted in the past 12 months.

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Showcased Graphic: Shutterstock/Tithi Luadthong

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