📢 Important news from the world of cryptocurrencies! 📢
Fidelity International launched a physical Bitcoin ETP on the London Stock Exchange under the ticker FBTC. Fully backed by Bitcoin, this product gives professional investors access to the largest digital asset by market capitalization.
📈 Positive development:
- UK FCA approval allows listing of crypto ETNs for professional investors.
- Other companies such as 21Shares, WisdomTree and Global X have also announced similar products.
🗣️ Expert opinion:
Stefan Kuhn, head of ETFs and Index Distribution at Fidelity International, said the decision reflects growing demand for digital assets and encourages their continued adoption.
🇪🇺 Expansion in Europe:
- First launched in February 2022 on Deutsche Börse Xetra.
- Then expanded to SIX Swiss Exchange.
- In February 2024, annual fees were reduced from 0.75% to 0.35%.
What do you think about this move? Share your opinion in the comments! 💬