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The multinational financial services corporation intends to make several changes to its Fidelity All-in-One Growth ETF and Fidelity All-in-One Balanced ETF.
After several unsuccessful attempts to launch a spot exchange-traded bitcoin fund in the United States, at the end of last year, Fidelity launched such a product through its Canadian branch.
The company has now announced that it will expand the fund’s distribution to include it in larger ETFs.
By adding a small amount of the Fidelity Advantage Bitcoin ETF to the Fidelity All-in-One Growth ETF and the Fidelity All-in-One Balanced ETF, regular customers will be able to access BTC from the end of this month.
Following this addition, the company will change the risk ratings of the two traditional ETFs. Both will be classified as medium risk, although previously they were low to medium.
Fidelity has demonstrated support for bitcoin over the years, becoming one of the most open companies in the traditional financial arena. In addition to several products tracking asset performance, the organization’s director of macroeconomics predicts that BTC could surpass $ 100,000 in the coming months.
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