Fidelity’s bitcoin index fund surpasses $125 million in investments

Fidelity’s bitcoin index fund surpasses $125 million in investments
HeadlinesNewsFidelity’s bitcoin index fund surpasses $125 million in investments

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Fidelity’s bitcoin index fund surpasses $125 million in investments

The Blocka month ago
Published on May 24, 2022 18:29 GMT+00:00edited on May 25, 2022 14:49 GMT+00:00

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Almost two years on from its launch Fidelity Investments bitcoin index fund has seen a drop in the growth of in-bound investments year on year, regulatory filings show. 

The Wise Origin Bitcoin Index Fund went public in August 2020, giving Boston-based Fidelity the ability to offer clients bitcoin exposure. Almost nine months later the fund had raised $102 million, according to SEC filings.

According to its latest SEC filing, made on Monday, the fund has now raised a total of $126.5 million as of May 23, signaling a tapering in overall growth compared to the earlier reporting period. While the fund's size has grown modestly during its second year, the number of investors has increased from 83 to 689, according to the latest filing. 

Fidelity recently announced that it will allow its …