Fidelity is reported To Launch a Bitcoin Spot ETF in Canada. What does it mean?


Fidelity Investments has just announced they’re going to be launching a Bitcoin spot ETF in Canada. A Bitcoin ETF will make it easier for investors worldwide to gain access to the cryptocurrency. It could be lovely to those less comfortable buying Bitcoins themselves, or perhaps those who don’t know how or where to buy them. These are some of the reasons why Fidelity is launching a Bitcoin ETF in Canada.

A Tweet by Eric Balchunas, a senior ETF analyst at Bloomberg confirms this.

What is the Bitcoin ETF?

An ETF is an investment fund that trades on a stock exchange, much like stocks do. However, ETFs are different in that they represent several assets in the form of shares. When one buys Bitcoins through Fidelity’s new Bitcoin ETF, they’ll be purchasing shares in the fund that are worth 1/10th of a Bitcoin each.

It means that when you buy one share of Fidelity’s Bitcoin ETF, you’ll receive 0.1 Bitcoin in return. And because these are publicly traded investments, anyone can get involved with them and make money on them without necessarily needing to know anything about digital currencies at all.

Why Did Fidelity Choose to Launch a Bitcoin ETF in Canada?

There are several reasons why Fidelity chose to launch the Bitcoin ETF in Canada. Firstly, Canada is an extensive and populous country and has the third-largest economy in the world. It’s a great place to launch an ETF for Bitcoin, as plenty of investors are interested in this new commodity.

Source: CoinDesk

Another reason is because Canadian investors seem to be more comfortable with new technologies like cryptocurrency than those in other countries. A recent survey found that one-quarter of Canadians (25%) own at least one digital currency like Bitcoin; while only 17% of US citizens own cryptocurrencies.

With a Bitcoin ETF, Canadian investors can invest with Fidelity Investments and enjoy all the perks associated with ETFs; Low investment minimums, diversification, and professional management.

What Would It Mean for the World if Fidelity Invested in Launching a Bitcoin ETF in Canada?

Fidelity Investments is one of the largest firms in the world, which might make you wonder why their expansion into Canada is such a big deal. The answer is simple: they’re not just targeting Canadians with this ETF launch but the international community as well. Unlike some other cryptocurrency exchanges exclusive to one country, Fidelity’s Bitcoin ETF will be open to investors anywhere in the world.

It’s also worth noting that Fidelity has been vocally bullish on Bitcoin for some time now. The company even launched an exchange-traded fund for Bitcoin futures last year. That being said, they have also been warning people about the risks of trading cryptocurrencies for quite some time now, so it’s unlikely that their entry into Canada will mean more money pouring into cryptocurrencies anytime soon.

So what does this ETF launch mean? It means more safety and accountability for people investing in Bitcoin without worrying about shady exchanges or practices. Some see it as a possible way to bring more legitimacy to cryptocurrencies since many still consider them too risky to invest in at this point.


The Bitcoin ETF is an excellent opportunity for people to get first-hand experience with this new and innovative asset. It will be interesting to see how investors react to the Bitcoin ETF and if it will have a significant impact on the Bitcoin market. This Bitcoin ETF is just another way that Fidelity Investments is making investing more accessible for Canadians.