Fidelity launches its first bitcoin exchange-traded product in Europe

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Reuters UK

(Reuters) – Fidelity International has launched its first investment product that tracks bitcoin in Europe, as the British investment manager taps into rising demand for exposure to digital currencies. The Fidelity Physical Bitcoin ETP, available to the asset manager’s professional and institutional clients in Europe, began trading on the Deutsche Börse Xetra on Tuesday. The physical bitcoin exchange-traded product (ETP) will also debut on the SIX Swiss Exchange in the coming weeks, Fidelity said. Nick King, head of ETFs at the company, said the ETP launch “is the first step in our digital ass…

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