Fidelity Investments is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets.
Though the world's largest digital asset has struggled in recent weeks, its current price around $52,430 is far above where it traded one year ago under $10,000.Fidelity Investments is preparing to launch its own bitcoin fund as the investment giant works to cement its clout in the market for digital assets and virtual currency.
The ETF will track the performance of bitcoin as measured by the performance of the Fidelity Bitcoin Index, a barometer the investment giant established to track the price of the digital currency.
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tomwfranck It would be nice if you could buy crypto currency on Fidelity
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tomwfranck Very interesting
More ETFs!!!
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that means the TOP is in bitcoin
That's a good initiative!
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soo they are dumping to buy the dip, got it
This might be another sign of a (short term, anyway) top. Fidelity is like much of Cincy. __BEHIND__ That's why funny Squawk guy was a red-hat... Cincy bread... ;-)
That’s gonna give $arkk some competition for most volatile ETF.
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