London-based Fidelity International launched a new exchange-traded bitcoin product (ETP) for European investors.
Fidelity Physical Bitcoin ETP will track the price of bitcoin. The product is aimed at professional and institutional investors.
ETP will be listed on the Deutsche Börse in Frankfurt and the SIX Swiss Exchange in Zurich. Fidelity Digital Assets will enter as a custodian.
Fidelity previously placed a physical bitcoin-ETF in Canada.