How can I get exposure to Bitcoin through Fidelity?

3 answers

• Nov 26, 2021 · 3 years ago
  One way to get exposure to Bitcoin through Fidelity is by investing in the Grayscale Bitcoin Trust (GBTC). GBTC is a publicly traded trust that holds Bitcoin, and Fidelity allows its customers to buy and sell GBTC shares. By purchasing GBTC shares, you can indirectly invest in Bitcoin through Fidelity. It's important to note that GBTC is a trust and not a direct investment in Bitcoin, so it may not perfectly track the price of Bitcoin.
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• Nov 26, 2021 · 3 years ago
  If you're looking for a more direct exposure to Bitcoin, you can consider opening an account with a cryptocurrency exchange that supports Fidelity. There are several exchanges that allow you to buy and sell Bitcoin directly, and some of them have partnerships with Fidelity. By opening an account with one of these exchanges, you can transfer funds from your Fidelity account and buy Bitcoin directly. Just make sure to do your research and choose a reputable exchange with strong security measures in place.
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• Nov 26, 2021 · 3 years ago
  Another option to get exposure to Bitcoin through Fidelity is by investing in Bitcoin-related stocks. Fidelity offers a wide range of stocks that are related to Bitcoin and the cryptocurrency industry. By investing in these stocks, you can indirectly gain exposure to Bitcoin's performance. Some popular Bitcoin-related stocks include Square, MicroStrategy, and Coinbase. Keep in mind that investing in stocks carries its own risks, so make sure to do thorough research and consult with a financial advisor before making any investment decisions.
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