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Fidelity Investments, with $4.9 million assets under management (AUM), has recently filed for a Bitcoin exchange-traded fund (ETF) with the United States Securities & Exchange Commission (SEC). Goldman Sachs joins in on the digital currency hype and has also filed an application with the regulator for a new investment product that would offer indirect exposure to BTC.
Fidelity offers investors more pathways into crypto
Preparing to launch its own Bitcoin fund, Fidelity Investments has planned to provide financial backing for an ETF called the Wise Origin Bitcoin Trust.
Through its subsidiary, FD Funds Management, the firm filed a Form S-1 with the SEC for a Bitcoin ETF. The investment product would track the performance of the digital asset as measured by the movement of the Fidelity Bitcoin Index, which was previously created by the investment giant to track the price of BTC.
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