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February 21, 2022

Fidelity rolls out bitcoin exchange-traded investment offering in Europe

Fidelity International has rolled out its first investment offering designed to track bitcoin in Europe amid increased demand from investors for exposure to digital currencies, reported Reuters.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
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Fidelity Physical Bitcoin exchange-traded product (ETP), which began trading on the Deutsche Börse Xetra last week, is offered to the firm’s professional and institutional clients across Europe.

It is expected to launch physical bitcoin ETP on the SIX Swiss Exchange in the upcoming weeks.

US-based Fidelity Investments’ digital assets arm of Fidelity Digital Assets will act as custodian for the ETP, according to Financial Times report.

The launch is said to follow a recent Fidelity Digital Assets survey, which showed that 70% of institutional investors are hoping to buy or invest in digital assets in the future.

According to this survey, over 90% of those interested in digital assets are interested to have an allocation in their institution’s or clients’ portfolios in the next five years.

Fidelity International ETFs head Nick King said that the ETP launch is the first step in the company’s digital assets product capability.

The US, which is yet to approve a spot bitcoin ETF, has rejected proposals by a number of asset managers.

Fidelity’s proposal to list Wise Origin Bitcoin Trust was rejected last month by US regulators.

In September last year, investment management firm Invesco forged an alliance with upstart digital asset firm Galaxy to launch a range of funds backed by cryptocurrencies including bitcoin.

The partnership intended to launch ‘a suite of US-listed, physically backed, digital asset’ funds.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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