The large financial company Fidelity International will list the Bitcoin exchange product on the SIX Swiss Exchange and the German digital exchange Xetra.
According to an announcement published on Tuesday by Deutsche Boerse, Fidelity International’s actual exchange-traded product Bitcoin, or ETP, is now available for trading on Deutsche Boerse Xetra and the Frankfurt Stock Exchange under the ticker FBTC. In addition, the company is said to have said that it plans to list an investment instrument for cryptocurrency on the SIX Swiss Exchange in the coming weeks.
Fidelity Digital Assets will act as a repository for the physically secured Bitcoin (BTC) ETP, which will be centrally cleared through the global exchange Eurex Clearing. The total cost percentage for ETP is 0.75%.
At the time of going to press, the FBTC was trading at around € 3.83 or $ 4.36 on both Xetra and the Frankfurt Stock Exchange. Bitcoin is currently worth $ 43,590 after rising above $ 45,000 on Thursday.
2-day Fidelity Physical Bitcoin ETP price history on Xetra. Source: German stock exchange.
Xetra Digital Stock Exchange currently offers access to cryptocurrencies including BTC, Bitcoin Cash (BCH), Ether (ETH), Litecoin (LTC), Cardano (ADA), Solana (SOL), Stellar (XLM) and Tezos (XTZ). and Tron (TRX) through exchange products and banknotes. In November, the asset management company Invesco announced the listing of ETP BTC on the stock exchange under the ticker BTIC.
Fidelity International was founded in 1969 as a subsidiary of American Fidelity Investments and as of December 31, 2021 has over $ 812 billion in assets under management. The company has previously invested in cryptocurrency-related companies worldwide. Including Hong Kong BC Group.
While Fidelity International has registered ETPs for cryptocurrencies in Europe, the parent company in the US is still considering applications for processing by the Securities and Exchange Commission. The ETF regulator rejected the Fidelity Wise Origin bitcoin trust in January.