Fidelity International Lists Bitcoin Exchange-Traded Product (ETP) on the London Stock Exchange

The launch of Fidelity Physical Bitcoin BTC +0.060% BTC +0.060% See Details ETP (ticker: FBTC) comes after the UK's Financial Conduct Authority

Fidelity International has announced the listing of its bitcoin exchange-traded product on the London Stock Exchange, available to professional investors only.

The launch of Fidelity Physical Bitcoin BTC +0.060% BTC +0.060% See Details ETP (ticker: FBTC) follows the UK Financial Conduct Authority's approval in late May for the listing of bitcoin-backed exchange-traded notes for professional investors. This regulatory change has paved the way for companies such as 21Shares, WisdomTree and Global X to introduce similar products catering to the UK market.

"The FCA’s decision to authorize crypto asset-backed ETNs for professional investors is a positive development and reflects the increasing acceptance and demand of digital assets offered through a secure and regulated exchange. The Fidelity Physical Bitcoin ETP offers professional investors in the UK an institutional quality solution to enter the market in a familiar, simple and secure way," said Stefan Kuhn, head of ETF & index distribution Europe at Fidelity International.

Fidelity's bitcoin-backed ETP launched in 2022

실제 비트코인을 100% 지원하고 가격 변동을 추적하는 Fidelity의 ETP는 2022년 2월에 처음 출시되어 Deutsche Börse Xetra 및 SIX Swiss Exchange에 처음으로 상장되었습니다.

Fidelity의 보도 자료에 따르면 ETP는 투자자가 비트코인에 노출될 수 있는 편리하고 비용 효율적인 방법을 제공하도록 설계되었습니다. Fidelity Digital Assets는 제품의 디지털 자산 관리자 역할을 합니다.

2024년 2월 Fidelity는 비트코인 ​​ETP의 지속적인 요금 수치를 0.75%에서 0.35%로 줄여 제품 가격을 더욱 경쟁력있게 만들었습니다. OCF는 펀드나 상장지수상품 등 투자상품을 관리하는 데 드는 연간 비용을 반영합니다.

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