Cryptocurrencies
Fidelity Launches Inaugural Bitcoin Fund for Wealthy Investors
- Money manager to offer Wise Origin Bitcoin Index Fund I
- Qualified clients must make minimum investment of $100,000
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Fidelity Investments is launching its first Bitcoin fund, adding its establishment name and star power to the fledgling and often controversial asset class.
The Boston-based money manager said in a filing to the Securities and Exchange Commission that it will begin to offer the Wise Origin Bitcoin Index Fund I through a new business unit called Fidelity Digital Funds. Peter Jubber, head of Fidelity Consulting, will run the new business unit, the filing shows.