Education and Considerations for Launching Bitcoin ETF Products

The discussion around launching Bitcoin ETF products involves educating on Bitcoin, its position in a portfolio, and the intricacies of the cash movement and custody processes. Any ETF requires at least six months of performance and around a hundred million in assets for approval. Firms are accelerating traditional timelines, focusing on secondary market trading and the creation routine process. Fidelity's advantage lies in its long-standing presence and goodwill in the industry. Understanding custody, trading, and distribution of assets is crucial. At launch, achieving natural buying in the secondary market was key for liquidity. Offering low fees initially helps in adoption and cost of ownership, making the product more competitive and accessible.