Big news for the Bitcoin lovers as we see the financial company FD Funds Management that remains a subsidiary, has announced that Fidelity this Wednesday has submitted the filing of the F1 to the concerned department for drafting the intentions behind coming up with the exchange-traded fund or the ETF. Thanks to the growth of the Bitcoin price that has escalated to $52,790, getting an increment of 687%. With the exchange-traded fund, one can see the agency taking care of the digital currency will be able to monitor the digital coin in a big way.
They will be using the index called the FBI or Fidelity Bitcoin Index, which is responsible for bringing different spot prices from different Bitcoin markets like the known exchanges in the market. This is among the latest decisions taken by the group called Fidelity that helps in bringing digital currency to key areas of finance.
Earlier, all the managers managing the money have seen working and young around mining bitcoins and other digital currencies, thus helping different clients to donate a wide range of digital assets to different charities. This helps in Click here to read entire article