Fidelity Amasses over $100 Million from 83 Investors for its Bitcoin Fund
One of the world’s largest asset managers, Fidelity Investments' Bitcoin Fund raised $102 million from investors since its launch in August last year.
According to the filing with the US Securities and Exchange Commission (SEC), the asset manager amassed a total of $102,350,437 from 83 investors with a minimum investment of $50,000 each, in a matter of nine months.
Last month, Morgan Stanley’s standalone Bitcoin Fund, which is offered in partnership with NYDIG, aggregated $29.4 million in its first two weeks.
The pooled investment fund is a passively-managed vehicle that Fidelity sells to qualified investors through the company's subsidiary Fidelity Digital Funds.
Wise Origin Bitcoin Index Fund I, LP is managed by chief strategist Peter Jubber.