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can i buy bitcoin etf with fidelity

Fidelity currently does not offer a Bitcoin ETF, but alternative options like BITO, BTFD, and XBTF are available to invest in Bitcoin through ETFs.

Oct 23, 2024 at 06:58 pm

Can I Buy Bitcoin ETFs with Fidelity?

1. Fidelity's Bitcoin ETF Offering

Fidelity currently does not offer a Bitcoin ETF. In May 2022, Fidelity withdrew its filing with the SEC for a Bitcoin ETF, known as the Wise Origin Bitcoin Trust. The company cited "current market conditions" as the reason for the withdrawal.

2. Alternative Options to Buy Bitcoin ETFs

1. ProShares Bitcoin Strategy ETF (BITO): Listed on the New York Stock Exchange, BITO is the first Bitcoin ETF approved by the SEC.
2. Innovator Bitcoin ETF (BTFD): Traded on the Cboe BZX Exchange, BTFD offers exposure to Bitcoin futures contracts.
3. VanEck Bitcoin Strategy ETF (XBTF): This ETF provides diversified exposure to Bitcoin by investing in Bitcoin and Bitcoin futures contracts.

3. Other Options to Buy Bitcoin

If you are not able to invest in a Bitcoin ETF, there are other options to buy Bitcoin:

  • Cryptocurrency exchanges: Major exchanges like Coinbase and Binance allow you to buy Bitcoin directly.
  • Bitcoin ATMs: These physical machines let you purchase Bitcoin using cash or debit cards.
  • Peer-to-peer platforms: Services like LocalBitcoins connect buyers and sellers of Bitcoin.

4. Conclusion

While Fidelity does not currently offer a Bitcoin ETF, there are numerous other ways to invest in Bitcoin and other cryptocurrencies. By exploring these alternatives, you can gain exposure to this growing asset class.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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