Fidelity International rolls out Europe’s cheapest physically-backed Bitcoin spot ETP

Investment management giant Fidelity International has launched a spot Bitcoin exchange-traded product (ETP) in Europe, marking the company’s entry into the region’s crypto space.

The Fidelity Physical Bitcoin ETP (FBTC), dubbed the cheapest  in Europe, will be listed on the Deutsche Boerse and Frankfurt Stock Exchange, ETF Stream reports.

The product comes with a total expense ratio (TER) of 0.75% alongside SEBA Bank’s Bitcoin Tracker Certificate USD (SBTCU).

Additionally, the product is expected to earn listings on six other exchanges within the coming weeks.

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