Fidelity Canada official launched Thursday launchedThe Fidelity Advantage ETF Fund (mutual funds) and Fidelity Advantage BTC ETF Fund (exchange-traded fund) are the first assets of this type to become available in the country. This confirms earlier reports.. The tickers FBTC.U or FBTC.U denote the funds and they are listed at the Toronto Stock Exchange. Fidelity’s Bitcoin ETFs track Bitcoin’s performance (BTC(spot price). Fidelity manages CA$208billion ($162.27billion) In assets.

ETFs will be subject to an annual management charge of 0.4%. The assets are still in their initial stages and therefore trading expenses as well as operating costs cannot be calculated. More than 98% Bitcoin bought by funds are stored in cold wallets.