Fidelity ETFs to Trade Bitcoin Like Actual Gold Bars
Published Date: 7/25/2025
Notice
Summary
The Cboe BZX Exchange wants to update the rules for trading the Fidelity Wise Origin Bitcoin Fund and Fidelity Ethereum Fund. They’re allowing investors to create and redeem shares by exchanging the actual cryptocurrencies instead of cash, which can make trading smoother and cheaper. This change could start soon and might save money for folks investing in these funds.
Analyzed Economic Effects
2 provisions identified: 2 benefits, 0 costs, 0 mixed.
Bitcoin Fund: Allow In‑Kind Creations/Redemptions
The Fidelity Wise Origin Bitcoin Fund would be allowed to create and redeem shares by accepting or delivering bitcoin (in-kind) in addition to cash. Creations and redemptions occur in blocks of 25,000 Shares (a Creation Basket), the amount of bitcoin per Creation Basket is determined as of 4:00 p.m. Eastern time on the purchase order date, and purchase orders must be placed by the close of Regular Trading Hours or another time set by the Sponsor.
Ethereum Fund: Allow In‑Kind Creations/Redemptions
The Fidelity Ethereum Fund would be allowed to create and redeem shares by accepting or delivering ether (in-kind) in addition to cash. Creations and redemptions occur in blocks of 25,000 Shares (a Creation Basket), the amount of ether per Creation Basket is determined as of 4:00 p.m. Eastern time on the purchase order date, and purchase orders must be placed by the close of Regular Trading Hours or another time set by the Sponsor.
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