Fidelity Investments is launching a Spot Bitcoin ETF in Canada, as the U.S. based firm is not waiting around for the Securities Exchange Commission to approve a decision in the United States. Fidelity's ETF is called the Fidelity Advantage Bitcoin ETF (FBTC), and it will directly obtain physical Bitcoin (BTC-USD). Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument. Fidelity's move just adds more fuel to the fire as one of America's l...

Fidelity Investments is launching a Spot Bitcoin ETF in Canada, as the U.S. based firm is not waiting around for the Securities Exchange Commission to approve a decision in the United States. Fidelity's ETF is called the Fidelity Advantage Bitcoin ETF (FBTC), and it will directly obtain physical Bitcoin (BTC-USD). Meaning the fund will buy actual Bitcoin rather than acquire it through a derivative instrument. Fidelity's move just adds more fuel to the fire as one of America's l...