August 5, 2021

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Bitcoin & Ethereum Blockchain News

Fidelity's Bitcoin Fund Reports Over $100 Million in Sales

The Wise Origin Bitcoin Index Fund I, which was launched by Fidelity Investments’ managing director Peter Jubber last August, has reported $102 million in total sales in its May 26 filing with the U.S. Securities and Exchange Commission.

Source: u.today

The Bitcoin-only investment product has attracted a total of 83 investors.

With the minimum investment of $100,000, the passively-managed Bitcoin fund was designed specifically for deep-pocketed purchasers.

Fidelity became involved in Bitcoin back in 2014, with CEO Abigail Johnson being one of the cryptocurrency’s earliest major supporters.

In March, Fidelity also filed an application for a Bitcoin exchange-traded fund called the “Wise Origin Bitcoin Trust.”