Fidelity's Bitcoin Index Fund Invests Over $125 Million

According to reports, nearly two years after the launch of the Fidelity Investments Bitcoin Index Fund, growth in onshore investment has declined year-over-year. The Wise Origin Bitcoin Index Fund, which went public in August 2020, gives Boston-based Fidelity the ability to provide clients with Bitcoin exposure. According to SEC filings, nearly nine months later, the fund has raised $102 million. The fund has now raised $126.5 million as of May 23, suggesting overall growth is slowing compared to previous reporting periods. While the fund grew modestly in its second year, the number of investors has grown from 83 to 689. In addition, Fidelity recently announced that it would allow its customers to allocate a portion of their retirement savings to Bitcoin.