Fidelity launches its first bitcoin exchange-traded product in Europe

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken March 15, 2021. REUTERS/Dado Ruvic/Illustration/File Photo/File Photo

(Reuters) - Fidelity International has launched its first investment product that tracks bitcoin in Europe, as the British investment manager taps into rising demand for exposure to digital currencies.

The Fidelity Physical Bitcoin ETP, available to the asset manager's professional and institutional clients in Europe, began trading on the Deutsche Börse Xetra on Tuesday.