Bitcoin (BTCUSD)

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Fidelity's bitcoin fund has raised more than $100 million from investors
by Michael McSweeney
May 26, 2021, 4:19PM EDT · 1 min read

In August 2020, the Fidelity-backed Wise Origin Bitcoin Index Fund I went public, providing a means for the Boston-based asset management giant's clientele to gain exposure to bitcoin.

Roughly nine months later, the passively-managed fund has raised approximately $102 million from investors, a filing with the Securities and Exchange Commission published Wednesday shows. Per the document, the first sale in connection with the fund took place on August 31, 2020. Since then, 83 investors have bought into the fund, per the filing.

Fidelity is one of a number of U.S. firms seeking to bring a bitcoin exchange-traded fund to market, as previously reported. Fidelity's similarly-named Wise Origin Bitcoin ETF was detailed in a March 24 regulatory filing.

Last month, Fidelity unveiled a digital asset data and analytics tool aimed at institutional investors.

https://www.theblockcrypto.com/linked/106208/fidelitys-bitcoin-fund-has-raised-more-than-100-million-from-investors?utm_source=coinbase&utm_medium=rss