Fidelity Adds Bitcoin Exposure To Traditional ETFs Today

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Fidelity Investments Canada, the country’s first regulated institutional bitcoin custodian, has added a bitcoin allocation to two of its All-in-One exchange-traded funds, a set of low-risk ETFs that seek to provide investors with exposure to different assets, regions, market capitalizations, and investment styles. The addition will change the funds’ risk ratings to “medium.”

Fidelity said in a Tuesday press release that the decision to add bitcoin exposure to the All-in-One funds “was made for its diversification benefits with the potential to improve risk-adjusted returns going forward.”