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Nearly two years after the launch of the Fidelity Investments bitcoin index fund, there has been a decline in investment growth compared to last year, regulatory reports show.
The Wise Origin Bitcoin Index Fund went public in August 2020, giving Boston-based Company Fidelity the ability to offer customers access to Bitcoin. According to SEC documents, nearly nine months later, the fund raised $102 million.
According to the SEC’s latest report filed Monday, as of May 23, the fund raised a total of $126.5 million, indicating a decline in overall growth compared to the previous reporting period. While the size of the fund has grown slightly in its second year of existence, the number of investors has increased from 83 to 689, according to the latest documents.
Fidelity recently announced that it will allow its customers to allocate a portion of their retirement savings to bitcoins. The manager, who manages about $4.2 trillion in assets, said in April that he plans to allow investors to add bitcoin accounts to their 401(k) once they are approved by employers.
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