Fidelity is not moving fast enough with developments regarding a Bitcoin Spot ETF in the US. That’s why it’s now going to Canada.
It’s a bang for the buck. Fidelity Investments – one of the largest asset managers in the world ($4.2 trillion AUM) – is likely to launch its own Bitcoin Spot ETF in Canada soon. This was shared by Bloomberg ETF analyst Eric Balchunas on Twitter. However, there is no official statement from the company yet, nor is the trading venue fixed. On the corresponding website, the launch is still pending. Nevertheless, some information has already leaked out that roughly describes the new financial product.