Fidelity's Canadian branch plans to add a small allocation of its Bitcoin ETF into two of its largest exchange-traded funds.
Fidelity’s Canadian branch plans to add a small allocation of its Bitcoin ETF into two of its largest exchange-traded funds.
After several unsuccessful attempts to launch a spot Bitcoin exchange-traded fund in the States, Fidelity, through its Canadian branch,that it will provide a wider adoption for the fund by including it in some of the larger ETFs. After this addition, the company will change the risk ratings of the two traditional ETFs. Both will be labeled as “medium” risky, while they were low-to-medium until now.
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