Bitcoin ETF

Bitcoin

<ul>
 <li>Fidelity International launched a Bitcoin ETP on the London Stock Exchange.</li>  
 <li>The ETP is 100% physically backed by Bitcoin, ensuring security for investors.</li>  
 <li>Regulatory approval by FCA has enabled the listing of crypto asset-backed ETNs.</li> 
</ul>  
<p>Fidelity International has launched a new <a href="https://cryptonewsland.com/fidelity-positions-for-crypto-dominance-with-upcoming-bitcoin-etf-application/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Exchange Traded Product (ETP)</a> on the London Stock Exchange. This product, called the Fidelity Physical Bitcoin ETP, aims to track the price movement of Bitcoin, the world's leading cryptocurrency. The ETP is 100% physically backed by Bitcoin, ensuring that each unit of the ETP is supported by an equivalent amount of Bitcoin.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/BTC_Archive/status/1818601779598184945
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-regulatory-approval-and-market-impact">Regulatory Approval and Market Impact</h2>  
<p>The launch follows the Financial Conduct Authority's (FCA) decision to allow exchanges to create a market segment for crypto asset-backed <a href="https://www.investopedia.com/terms/e/etn.asp" target="_blank" rel="noopener noreferrer nofollow">Exchange Traded Notes (ETNs)</a>. This regulatory change has paved the way for products like Fidelity's Bitcoin ETP to be listed on the London Stock Exchange.&nbsp;</p>  
<p>Meanwhile, the ETP is available only to professional investors. This financial product provides them with a secure and regulated way to invest in Bitcoin.&nbsp;</p>  
<p>Stefan Kuhn, Fidelity's Head of ETF &amp; Index Distribution in Europe, stated that the approval of the first spot <a href="https://cryptonewsland.com/institutional-confidence-soars-bitcoin-etfs-receive-310m-inflow-amidst-market-recovery/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin ETFs</a> in the US has increased global interest in cryptocurrencies. He emphasized that the FCA's decision reflects the growing acceptance and demand for digital assets offered through regulated exchanges.</p>  
<h2 class="wp-block-heading" id="h-competitive-pricing-and-accessibility">Competitive Pricing and Accessibility</h2>  
<p>Fidelity's Bitcoin ETP is competitively priced with an Ongoing Charges Figure of 0.35%. This makes it an attractive option for professional investors looking to gain exposure to Bitcoin in a cost-effective manner. The ETP was initially launched in February 2022 on the Deutsche Börse Xetra and the SIX Swiss Exchange. Now, with its listing on the London Stock Exchange, it becomes more accessible to UK investors.</p>  
<p>The Fidelity Physical Bitcoin ETP represents a significant step in making cryptocurrency investments more mainstream. By offering a familiar, simple, and secure way to invest in <a href="https://bitcoin.org/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a>, Fidelity is helping to bridge the gap between traditional finance and the emerging world of digital assets.</p>  
<h4 class="wp-block-heading" id="h-read-also">Read Also&nbsp;</h4>  
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/wisdomtrees-crypto-etps-approved-for-lse-a-turning-point-for-uk-crypto-investors-and-traders/" rel="noopener noreferrer nofollow">WisdomTree's Crypto ETPs Approved for LSE: A Turning Point for UK Crypto Investors and Traders</a></li>  
 <li><a href="https://cryptonewsland.com/21shares-introduces-three-new-crypto-etps/" rel="noopener noreferrer nofollow">21Shares Introduces Three New Crypto ETPs on Euronext Exchanges</a></li>  
 <li><a href="https://cryptonewsland.com/fidelity-and-blackrock-lead-bitcoin-etf-inflows-will-this-surge-shape-the-future-of-crypto-investments/" rel="noopener noreferrer nofollow">Fidelity and BlackRock Lead Bitcoin ETF Inflows: Will This Surge Shape the Future of Crypto Investments?</a></li>  
 <li><a href="https://cryptonewsland.com/defi-technologies-introduces-xrp-etp-to-boost-crypto-investments-in-europe/" rel="noopener noreferrer nofollow">DeFi Technologies Introduces XRP ETP to Boost Crypto Investments in Europe</a></li>  
 <li><a href="https://cryptonewsland.com/arkham-intel-identifies-wallets-for-wisdomtrees-bitcoin-etp/" rel="noopener noreferrer nofollow">Arkham Intel Identifies Wallets for WisdomTree's Bitcoin ETP</a></li> 
</ul> 
<p>The post <a href="https://cryptonewsland.com/fidelity-expands-bitcoin-etp-in-uk/" rel="noopener noreferrer nofollow">Fidelity International Expands Bitcoin ETP to UK Investors with LSE Listing</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Fidelity International Expands Bitcoin ETP to UK Investors with LSE Listing

目次

Crypto News Land

2024年7月31日公開の他の記事

Why is USDT more expensive in India? We talked to top local exchanges

Major Solana (SOL) Price Moves Incoming: Here's Why It Might Happen

DOJO Protocol - Ecosystem for AI Data Monetization

XRP Surges Above $0.64, Analysts Eye Potential Breakout as XRP Holders Increase Exponentially

Trump Supports Bitcoin for Strategic Gains

Analyst Explains Bitcoin's $70K Rejection and Predicts Future Breakout

ニュースレターを購読して暗号資産の最新情報を毎日入手！