Fidelity Investments Files for a New US Bitcoin Index Fund

By Abhimanyu Krishnan | News | 27 Aug 2020

According to Form D documentation submitted to the United States Securities and Exchange Commission (SEC) on August 26, Fidelity Investments' Head of Fidelity Consulting Peter Jubber has filed for a new US-based Bitcoin index fund.

  • The fund has been titled the “Wise Origin Bitcoin Index Fund I” and requires a minimum investment of $100,000
  • The fund, the first of its kind from Fidelity, will be offered through a distinct Fidelity division called Fidelity Digital Funds
  • Filed under the Rule 506(b) exemption, the fund can receive unlimited investment from accredited investors but is not permitted to be advertised
  • Fidelity has declined to disclosed the issuer size
  • Institutional investment has grown exponentially in the past 2 years; Grayscale reported over $1 billion in investments in the first 6 months of 2020

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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