Share this article

Fidelity-Affiliated Fund Files for Bitcoin ETF

Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of the trust.

Updated Mar 8, 2024, 4:20 p.m. Published Mar 24, 2021, 9:57 p.m.
jwp-player-placeholder

An affiliate of investment giant Fidelity is seeking to offer a bitcoin exchange-traded fund in the U.S. market.

  • A Wednesday filing with the U.S. Securities and Exchange Commission (SEC) seeks approval for the "Wise Origin Bitcoin Trust," an exchange-traded fund with multiple ties to Fidelity.
  • Fidelity affiliates serve as the fund's sponsor, administrator, custodian and trustee, the filing states. The fund would track the performance of Fidelity's bitcoin index.
  • Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of the trust.

See also: Fidelity’s Chief Strategist Starts Bitcoin Index Fund

This is a developing story.

More For You

(XRP/CoinDesk)

Wrapped XRP on Solana lets XRP holders access Jupiter, Phantom, and Meteora without selling the asset, the latest step in Hex Trust's multi-chain wXRP rollout first announced in December.

What to know:

  • Wrapped XRP (wXRP) has launched on Solana via custodian Hex Trust and cross-chain protocol LayerZero, making XRP usable in Solana’s DeFi ecosystem for the first time.
  • Each wXRP is backed 1:1 by native XRP held in segregated custody accounts and can be redeemed at any time, allowing holders to deploy...