Fidelity Investments, one of America’s largest ETF and mutual fund providers, announced plans to launch a Bitcoin fund in August 2020. While Bitcoin emerged in 2009, it gained traction among institutional investors only in recent years. The 2018 Bitcoin boom introduced many to its potential as an asset class.
If you’re considering Bitcoin investments, is Fidelity the right platform? Let’s explore your options.
Can You Invest in Bitcoin Through Fidelity?
Fidelity has been a pioneer in cryptocurrency support, engaging with crypto as early as 2014—far ahead of most mainstream banks. In August 2020, Fidelity announced the Wise Origin Bitcoin Index Fund, a Bitcoin-focused investment vehicle. However, this fund targets qualified investors with a minimum $100,000 investment, excluding most retail participants.
What Cryptocurrency Services Does Fidelity Offer?
For individual investors, Fidelity’s crypto offerings are limited. Beyond its Bitcoin fund, the platform lacks diversified crypto investment options. Notably, Fidelity doesn’t support BTC or ETH futures trading, which are available via CBOE and CME.
👉 Discover alternative Bitcoin investment platforms
Best Ways to Invest in Bitcoin
- Grayscale Bitcoin Trust (GBTC): Requires a $50,000 minimum investment.
- Bitwise 10 Private Index Fund: Minimum $25,000 investment.
- Purpose Bitcoin ETF (BTCC): A Canadian ETF with lower barriers for retail investors, amassing over $564 million AUM shortly after its February 2021 launch.
For flexibility, consider:
- Direct Bitcoin purchases via crypto exchanges (no minimum investment).
- Public stocks tied to Bitcoin, like RIOT Blockchain, which correlates with BTC price movements.
FAQ Section
Q: Does Fidelity allow Bitcoin trading for retail investors?
A: No. Fidelity’s Bitcoin fund is restricted to accredited investors with high minimums.
Q: What’s the easiest way to invest in Bitcoin?
A: Buying directly through exchanges or ETFs like BTCC offers lower entry barriers.
Q: Are Bitcoin futures available on Fidelity?
A: No. Futures trading isn’t supported for retail clients.
👉 Explore secure Bitcoin investment strategies
Key Takeaways:
- Fidelity’s Bitcoin fund is institution-focused.
- Retail investors have alternatives like ETFs, direct purchases, or crypto-linked stocks.
- Always evaluate risks and entry requirements before investing.
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