Fidelity's spot bitcoin ETF is set to start trading in Canada, while its US fund is still waiting for the SEC's green light

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02.12.2021 - 16:43

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Yuichiro Chino

Fidelity Investments is about to launch an exchange traded fund (ETF) backed by bitcoin, rather than bitcoin futures, but it's listing the fund in Canada, as US regulators have still not given these particular crypto products the go-ahead.

An affiliate of the Boston-based asset manager, Fidelity Investments Canada told Insider it would launch the Fidelity Advantage Bitcoin ETF and ETF Fund «on or around December 2» under the ticker FBTC, according to its website. The ETF's bitcoin sub-custodian, Fidelity Clearing Canada. will acquire and hold bitcoin and investors will be able to buy and sell it on the Toronto Stock Exchange.

ETFs backed by physically settled bitcoin are available in Europe, as well as Canada, where regulators

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About this in other media

Law Decoded: Bitcoin exchange-traded funds are put on the spot again, Nov. 29–Dec. 6 cointelegraph.com /3 years ago

SEC rejects WisdomTree's application for spot Bitcoin ETF cointelegraph.com /3 years ago

Fidelity Canada officially launches Bitcoin ETF and Bitcoin Mutual Fund cointelegraph.com /3 years ago

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