~ Leverage Institutional Level Security and Fidelity’s Global Leadership in Bitcoin and Blockchain ~

TORONTO, December 2, 2021 / CNW / – Fidelity Investments Canada ULC, one of from Canada leading investment management firms, today announced the launch of the Fidelity Advantage Bitcoin ETFâ„¢ and the Bitcoin Fidelity Advantage ETF fundâ„¢ for investors looking for exposure to bitcoin, the world’s largest cryptocurrency. These strategies take advantage of Fidelity Clearing Canada ULC (Fidelity Clearing), from Canada the leading securities regulator in Canada (IIROC) to provide a secure digital asset trading and custody solution to institutional investors, including investment funds.

Logo Fidelity Investments Canada ULC (CNW Group / Fidelity Investments Canada ULC)

Bitcoin Fidelity Advantage ETFâ„¢ starts trading on the Toronto Stock Exchange today with ticker symbols: FBTC (Canadian dollar version) and FBTC.U (US dollar version).

“As bitcoin and digital currencies gain recognition from investors, we are delighted to offer a professionally managed bitcoin ETF and fund ETF backed by the strength and scale of Fidelity,” said declared Kelly creelman, Senior Vice-President, Products and Marketing, Fidelity Investments Canada ULC.

Fidelity has researched and invested in bitcoin and blockchain – the underlying technology – for many years and has a solid understanding of the technology, its benefits and risks, and the investment potential for investors.

Building on this competitive advantage, Fidelity Clearing has become from Canada the leading securities regulator in Canada (IIROC) regulated broker to provide a trading and custody solution to institutional investors. This solution offers vaulted cold storage, physical, cybernetic and operational controls as well as innovative protections on several levels.

By leveraging this solution, Fidelity Advantage Bitcoin ETFâ„¢ and the Bitcoin Fidelity Advantage ETF fundâ„¢ provide investors with assurance that the ETF’s bitcoin is stored using Fidelity’s institutional-grade security.

How does it work and why invest in Fidelity Advantage Bitcoin ETF â„¢ and Fidelity Advantage Bitcoin ETF Fund â„¢?

There are several reasons why investors may want to invest in these funds instead of buying and storing cryptocurrencies directly.

  • How it works – The investment objective of the Fidelity Advantage Bitcoin ETFâ„¢ is to invest in bitcoin. Fidelity Advantage Bitcoin ETF Fundâ„¢ invests in the ETF. When an investor buys the ETF, they will own shares of the ETF, which in turn owns physical bitcoin. The price of units will go up and down directly relative to the price of bitcoin.

  • Loyalty security features – Fidelity Advantage Bitcoin ETF â„¢ accesses bitcoin through Fidelity Clearing, which in turn operates trading platforms selected by Fidelity. The physical bitcoin that the ETF owns is stored using an institutional-level custody model, providing the ETF with secure access to the trading and custody of digital assets.

  • Tax Efficiency and liquidity – Like all Fidelity ETFs and corresponding mutual fund versions, the new bitcoin funds are eligible for tax-efficient registered accounts. Similar to buying a stock on a stock exchange, investors can invest in the Fidelity Advantage Bitcoin ETFâ„¢ in the same way they invest in other ETFs, by buying ETF units on the TSX.

“Whether it’s diversifying a portfolio, hedging against inflation or gaining exposure to an emerging asset class, we’re excited to bring our innovative investments to market and offer Canadian investors the opportunity to gain exposure to bitcoin and help them meet their financial needs. goals, ”Creelman said.

About Fidelity Investments Canada ULC

At Fidelity, our mission is to build a better future for Canadian investors and to help them stay ahead of the curve. We offer investors and institutions a range of innovative and reliable investment portfolios to help them achieve their financial and life goals.

As a private company, our world-class people and resources are committed to doing what is right for investors and their long-term success. Our clients have entrusted us with $ 208 billion in assets under management (as of November 30, 2021) and they include individuals, financial advisors, pension plans, endowments, foundations and more.

We pride ourselves on providing investors with a comprehensive suite of domestic, international and global equity and income focused mutual funds, ETFs, asset allocation strategies, managed portfolios, sustainable investment products, alternative mutual funds and a high net worth program. Fidelity is available through a number of advisory-focused distribution channels, including financial planners, investment dealers, banks, and insurance companies.

Commissions, trailing commissions, management fees, brokerage fees, and expenses may be associated with investing in mutual funds and ETFs. Please read the prospectus of the mutual fund or ETF, which contains detailed information about investments, before investing. Mutual funds and ETFs are not guaranteed. Their values ​​change frequently and investors may experience a gain or a loss. Past performances cannot be repeated.

Bitcoin has historically shown high volatility. Particular investment strategies should be assessed against the risk tolerance of the investor. An investment in these funds is considered high risk.

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SOURCE Fidelity Investments Canada ULC



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