Fidelity Physical Bitcoin ETP (FBTC) Listed on Deutsche Börse and Frankfurt Stock Exchange

Fidelity International has reportedly entered the cryptocurrency space, with Fidelity Physical Bitcoin ETP (FBTC) listed on Deutsche Börse and Frankfurt Stock Exchange with a total expense ratio (TER) of 0.75%, FBTC will be available in Switzerland in the coming weeks Listed on the stock exchange. Entity-backed FBTC will be centrally cleared by Eurex Clearing, with Fidelity Digital Assets serving as custodian. Brown Brothers Harriman will act as administrator and transfer agent for the product. Fidelity International said it launched FBTC for institutional and professional clients after a Fidelity Digital Assets survey found that 70 percent of institutional respondents expected to invest in digital assets in the future.