Fidelity Physical Bitcoin ETP

Fidelity Physical Bitcoin ETP is a digital asset exchange traded product designed to provide secure and regulated exposure to the price of Bitcoin. Fully physically backed, each share is supported by actual Bitcoin held in custody by Fidelity Digital Assets, ensuring a direct correlation between the ETP’s value and Bitcoin’s performance. Launched in February 2022, this product was among the first institutional-grade Bitcoin ETPs in Europe and aims to serve professional investors seeking a familiar and operationally straightforward route to participate in the cryptocurrency market without directly managing digital wallets or keys. With an ongoing charge of 0.35% per annum, Fidelity Physical Bitcoin ETP offers a cost-effective alternative for obtaining Bitcoin exposure compared to many peers. The product is structured as a debt security and passively tracks the Fidelity Bitcoin Index – Price Return. Its availability on major European exchanges, such as the London Stock Exchange, Xetra, and SIX, highlights its cross-border appeal and suitability for institutional portfolios. By targeting professional investors, it aligns with evolving regulatory frameworks and supports the rising institutional demand for transparent, physically-backed digital asset products.