Fidelity says it sells $ 102 million in Bitcoin to wealthy investors

Finance giant Fidelity reached another milestone by raising more than $ 100 million in the world's leading cryptocurrency fund. According to a recent file with the US Securities and Exchange Commission (SEC), the Wise Origin Bitcoin Index Fund has collected exactly $ 102,350,437 since its opening in August 2020. The report also shows that a total of 83 customers have invested in the fund since the first sale on August 31 last year. The Bitcoin fund can be accessed through Fidelity's Digital Funds division. Investors must contribute a minimum of $ 50,000 to invest. Fidelity's $ 100 million index fund is one of the largest of its kind. Competitive Bitcoin index funds that manage more than $ 100 million include Galaxy, NYDIG, and Pantera. Currently, the fund is only open to qualified and accredited investors. While the SEC has rejected every recent Bitcoin Exchange Mutual Fund (ETF) offer, the agency is currently reviewing Fidelity's Bitcoin ETF and eight others filed last year. Don't miss a single beat – Subscribe to receive crypto email alerts sent straight to your inbox Follow us on Twitter, Facebook and Telegram Surf Check the Daily Hodl Mix Latest News Headlines Disclaimer: Expressed on The Daily Hodl opinions are not investment advice. Investors should exercise due diligence before making risky investments in Bitcoin, cryptocurrencies or digital assets. Remember that your transfers and transactions are at your own risk and any damage you incur is your responsibility. Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing. Featured Image: Shutterstock / Tithi Luadthong Fidelity's report was first published on The Daily Hodl where it said it sold $ 102 million in Bitcoin to high net worth investors.

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