313: BREAKING: FIDELITY PRESIDENT LAUNCHES NEW BITCOIN FUND; $100,000 BTC MINIMUM BUY-IN PRICE!!

Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News

English - August 27, 2020 14:21 - 21 minutes - 10.2 MB - ★★★★ - 537 ratings
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One of the largest mutual funds in the U.S., Fidelity Investments, is enhancing its efforts in the Bitcoin and crypto space with its chief strategist, Peter Jubber, starting an institutional-grade and high net worth clients-focused BTC index.

According to a filing sent to the Securities Exchange Commission (SEC), Fidelity Investments has launched a new Bitcoin index fund, ‘Wise Origin Bitcoin Index Fund I, LP’ that targets high net worth investors and institutions.

A $100,000 minimum buy-in value is required by the index fund following the demand by corporations and accredited investors on Wall Street on cryptocurrency investments.