In 2018, the US Securities and Exchange Commission (SEC) rejected a proposal for a bitcoin exchange-traded fund (ETF). An ETF would have made it possible for investors to buy shares in an investment fund that tracks the price of bitcoin.
The SEC’s decision was based on concerns about the lack of regulation in the bitcoin market.
Investing in Bitcoin ETFs on Fidelity is extremely risky and should be done with caution. There may be a significant amount of volatility associated with these investments and you could potentially lose all of your money. Before investing, you should carefully consider your financial situation, investment objectives and risk tolerance to determine whether investing in Bitcoin ETFs on Fidelity is right for you.
You should also be aware that trading in Bitcoin ETFs can be highly speculative and involves significant risks, including the risk of loss of some or all of your investment. Additionally, it is important to note that there are no guarantees when it comes to investing in cryptocurrency-related assets, including Bitcoin ETFs. You should always do your own research before investing money in any cryptocurrency-related asset or product.
However, there are now a number of regulated exchanges and custodians that offer custody for bitcoin, and the SEC has approved several ETFs that track other assets such as gold. So it’s possible that the SEC may approve a bitcoin ETF in the future.
If you’re interested in investing in a bitcoin ETF, you can check out our list of approved ETFs. However, keep in mind that even if an ETF is approved, it may not be available for purchase on all platforms.
For example, Fidelity Investments does not currently offer any ETFs that track cryptocurrencies.