Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of the trust.
An affiliate investment giant Fidelity is seeking to offer a bitcoin (BTC, -8.56%) exchange-traded fund in the U.S. marketplace.
A Wednesday filing together with all the U.S. Securities and Exchange Commission (SEC) seeks approval for its “Wise Origin Bitcoin Trust,” an abysmal fund with multiple ties to Fidelity.
Fidelity franchisees serve as the fund’s sponsor, administrator, custodian and trustee, the filing states. The fund would monitor the performance of Fidelity’s bitcoin index.
Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of their trust.