What Crypto Is Available on Fidelity: Complete Guide

As cryptocurrency adoption accelerates, many investors are asking: what crypto is available on Fidelity? This guide explains the current crypto offerings on Fidelity, how regulated products like spot Bitcoin ETFs are changing the landscape, and what you should know before getting started. Whether you’re new to digital assets or looking for secure, compliant exposure, understanding Fidelity’s crypto options can help you make informed decisions.

Fidelity’s Crypto Offerings: What’s on the Table?

Fidelity, one of the world’s largest asset managers, has steadily expanded its crypto services in response to growing demand. As of June 2024, Fidelity primarily offers access to Bitcoin and Ethereum through regulated investment products. The most notable is the Fidelity Wise Origin Bitcoin Fund (FBTC), a spot Bitcoin ETF that allows investors to gain direct exposure to Bitcoin’s price movements without holding the asset themselves.

For institutional clients and select retail users, Fidelity also provides custodial solutions and over-the-counter (OTC) trading for Bitcoin and Ethereum. However, direct spot trading of a wide range of cryptocurrencies is not available on the Fidelity retail platform. Instead, investors can access crypto through ETFs, trusts, and select funds.

• Spot Bitcoin ETF (FBTC): Offers regulated, direct exposure to Bitcoin.
• Ethereum Exposure: Available via select funds and institutional services.
• No direct altcoin trading: Other cryptocurrencies are not currently supported for direct purchase.

Industry Trends: The Rise of Spot Bitcoin ETFs

The launch of spot Bitcoin ETFs has marked a turning point for crypto adoption in traditional finance. As of January 2024, spot Bitcoin ETF trading volume surpassed $1 billion in the first 30 minutes of trading (Source: Bitcoinworld.co.in, Jan 2024). This surge highlights massive institutional and retail demand for regulated Bitcoin exposure.

Key factors driving this trend include:

• Institutional participation: Major firms like Fidelity are now offering crypto ETFs.
• Regulatory clarity: ETFs provide a compliant way to access Bitcoin, boosting investor confidence.
• Enhanced liquidity: ETFs make it easier to enter and exit positions, supporting mainstream adoption.

Fidelity’s spot Bitcoin ETF is part of this broader movement, giving investors a familiar, regulated vehicle for crypto investment. While direct trading of altcoins remains limited, the ETF structure is paving the way for broader crypto integration in traditional portfolios.

What Investors Need to Know: Access, Risks, and Security

When considering what crypto is available on Fidelity, it’s important to understand the structure and limitations of these products:

• Regulated access: Fidelity’s crypto ETFs are subject to SEC oversight, offering more protection than unregulated exchanges.
• Volatility remains: Bitcoin and Ethereum are still volatile assets, even when accessed through ETFs.
• Limited selection: As of June 2024, only Bitcoin and Ethereum are available via Fidelity’s regulated products.
• Custody and security: Fidelity provides institutional-grade custody for supported assets, reducing counterparty risk.

For those seeking broader crypto exposure, dedicated crypto exchanges or Web3 wallets like Bitget Wallet offer access to a wider range of tokens and DeFi services. However, these platforms may not offer the same regulatory protections as Fidelity’s products.

Recent Developments and Market Data

Fidelity’s entry into spot Bitcoin ETFs has contributed to record-breaking trading volumes and increased mainstream attention. On the first day of spot Bitcoin ETF trading, total volume across all issuers exceeded $1 billion (Source: Bitcoinworld.co.in, Jan 2024), signaling robust demand.

Other notable trends include:

• Growing institutional adoption: More asset managers are launching crypto ETFs, expanding investor choice.
• Regulatory milestones: Ongoing SEC approvals are shaping the future of crypto investment products.
• Security focus: With quantum computing on the horizon, institutions are preparing for post-quantum cryptography, but current products remain secure under today’s standards (Source: CryptoSlate, June 2024).

Common Misconceptions and Practical Tips

Many investors believe that opening a Fidelity account grants access to a wide range of cryptocurrencies. In reality, Fidelity’s crypto offerings are limited to Bitcoin and Ethereum via regulated products. Here are some practical tips:

• Check product availability: Not all crypto ETFs are available in every jurisdiction.
• Understand fees: ETF expense ratios and trading commissions may apply.
• Consider diversification: For broader exposure, explore additional platforms like Bitget Exchange and Bitget Wallet.
• Stay informed: Regulatory changes can impact product availability and features.

Further Exploration: Expanding Your Crypto Journey

Fidelity’s regulated crypto products offer a secure entry point for Bitcoin and Ethereum investment. For those seeking more flexibility, Bitget Exchange provides access to a wide range of cryptocurrencies, advanced trading tools, and robust security features. Bitget Wallet is ideal for managing digital assets and exploring the broader Web3 ecosystem.

Ready to learn more? Explore the latest crypto trends, compare product features, and discover how Bitget can help you navigate the evolving digital asset landscape with confidence.