Fidelity International is listing its first bitcoin exchange-traded product (ETP) on the Deutsche Börse in Frankfurt and SIX Swiss Exchange in Zurich.
- The Physical Bitcoin ETP tracks the price of the world's largest cryptocurrency by market value and is being made available to Fidelity International's professional and institutional clients in Europe.
- Fidelity Digital Assets will act as the product's custodian.
- The ETP lists on the Deutsche Börse Xetra today and will become available on the SIX Swiss Exchange in the coming weeks, Fidelity International said in an email Tuesday.
- Trading under the ticker FBTC, the ETP will charge a fee of 0.75%.
- Fidelity International is an independent investment firm. It began life in 1969 as a subsidiary of Fidelity Investments, the Boston-based financial services giant that manages over $4 trillion in assets, and split off in 1980.
- The firm, based in London, has client assets of $812.8 billion under management.
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