The US Securities and Exchange Commission today published a new application for a Bitcoin index fund recently submitted by Fidelity’s president and head of strategy and planning, Peter Jubber.
According to the filing document published by the SEC, the proposed fund called ‘Wise Origin Bitcoin Index Fund I, LP,’ is meant to target deep-pocket investors with the minimum participation tag set at $100,000.
Notably, the fund lists Peter Jubber as executive officer and also includes details of a Boston office building that shares the same address where Fidelity headquarters are located. However, the SEC filing does not show further details about the fund structure or products, and also did not highlight any existing investors.
Fidelity Investments, which currently manages $8 trillion on behalf of its customers, has been a leader in helping clients navigate crypto markets \and was among the first Wall Street firms to allow Coinbase clients to view their crypto holdings right on its platform.
Fidelity’s cryptocurrency investment arm has also secured approval to operate as a trust in the state of New York, which allows the company to widen its business beyond just being a custodian for institutional clients.