Investment firm Fidelity has raised $102 million for its Bitcoin fund since its launch in August 2020, according to a new report released by the US Securities and Exchange Commission (SEC). 83 investors have joined the fund since it was launched.
The Origin Bitcoin Index Fund I is a passively managed fund that qualified investors can access through the company's Fidelity Digital Funds division.
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According to the latest data, Fidelity's fund has become one of the largest in its category. Until now, Pantera, Galaxy and NYDIG were the only companies to have raised over $100 million for crypto-based funds. Morgan Stanley's fund, which was launched in partnership with NYDIG, raised $29.4 million during its first two weeks of existence.
At the same time, Fidelity plans to roll out a more accessible fund in ETF format and has already filed a corresponding application with the SEC. Yesterday, the regulator started considering it along with SkyBridge's application. The SEC currently has 6 pending applications for Bitcoin ETFs.