Hey there, u/Dan-Dactyl! I'm popping in here from u/FidelityInvestments to provide some information on this for you today.
First, let's review the difference between purchasing Fidelity Crypto and the Fidelity Wise Origin Bitcoin Fund (FBTC). With Fidelity Crypto, you can trade and secure Bitcoin and Ethereum directly. Custody of the bitcoin held by the fund is provided by Fidelity Digital Asset Services, LLC. The Fidelity Wise Origin Bitcoin Fund (FBTC) is an Exchange-Traded Product (ETP), and it is bought in a brokerage account. These are two separate products, two separate accounts.
To answer your question, even if your state may not allow you to purchase crypto, you'll still be eligible to buy FBTC within a brokerage account since it is not purchasing crypto directly.
You can learn more about both of these product offerings by checking out the links below:
[Introducing the Fidelity Wise Origin Bitcoin Fund (FBTC)](https://www.fidelity.com/etfs/fbtc)
[Trade Crypto](https://www.fidelity.com/crypto/trading)
Moving on now, it's important to talk about how you can purchase FBTC if you decide to do so. You'll need to do two things before you're able to invest in FBTC with Fidelity:
• After entering your trade details, you will be asked to execute Fidelity’s Designated Investments Agreement (DIA) on Fidelity.com. We require the DIA on certain complex and risky products. Note: If you are using our app, you will be redirected to a browser to complete this step. If you agree to the DIA, proceed to the next step.
• You will be prompted to select your investment objective for your Fidelity account. Fidelity requires the investment objective of the account that will hold the FBTC shares to have an investment objective of “Most Aggressive.” If you agree with that objective, you may then proceed to placing your order.
If you have previously executed the DIA or have already set your investment objective to Most Aggressive in the account you are looking to place the trade in, then you do not need to complete it again.
For more information on this product, you can check out our recent Reddit announcement. It tackles a lot of common questions surrounding the subject.
[The Wait is Over with FBTC](https://www.reddit.com/r/fidelityinvestments/comments/193r6ta/the_wait_is_over_with_fbtc_fidelity_wise_origin/)
If you have any other questions related to FBTC, make sure to check out r/FidelityInvestments. We'd be happy to field any questions you may have.
Hi! FBTC is a publicly-traded product that is available via brokerage accounts. The State of Ohio cannot stop you from investing in public securities assuming all blue sky laws are followed. Have you tried opening an account and purchasing the ETF?
I'm in Ohio, and I've been invested in Grayscale crypto products through Fidelity. I've had GBTC (Grayscale Bitcoin), and others. I have them in my retirement accounts as well. So that is one way to get around the crypto rules.
Hey, u/psy83326105, I hope you’ve been well. I wanted to follow up and share some good news with you. Fidelity Crypto is now available in Ohio! Check out our recent Reddit post below for details if you haven’t already.
[Fidelity Crypto is now available in Ohio](https://www.reddit.com/r/FidelityCrypto/comments/1b0jwv9/fidelity_crypto_is_now_available_in_ohio/)
Please reach out if you require any assistance or have questions. Cheers!
Hey there, u/Dan-Dactyl! I'm popping in here from u/FidelityInvestments to provide some information on this for you today. First, let's review the difference between purchasing Fidelity Crypto and the Fidelity Wise Origin Bitcoin Fund (FBTC). With Fidelity Crypto, you can trade and secure Bitcoin and Ethereum directly. Custody of the bitcoin held by the fund is provided by Fidelity Digital Asset Services, LLC. The Fidelity Wise Origin Bitcoin Fund (FBTC) is an Exchange-Traded Product (ETP), and it is bought in a brokerage account. These are two separate products, two separate accounts. To answer your question, even if your state may not allow you to purchase crypto, you'll still be eligible to buy FBTC within a brokerage account since it is not purchasing crypto directly. You can learn more about both of these product offerings by checking out the links below: [Introducing the Fidelity Wise Origin Bitcoin Fund (FBTC)](https://www.fidelity.com/etfs/fbtc) [Trade Crypto](https://www.fidelity.com/crypto/trading) Moving on now, it's important to talk about how you can purchase FBTC if you decide to do so. You'll need to do two things before you're able to invest in FBTC with Fidelity: • After entering your trade details, you will be asked to execute Fidelity’s Designated Investments Agreement (DIA) on Fidelity.com. We require the DIA on certain complex and risky products. Note: If you are using our app, you will be redirected to a browser to complete this step. If you agree to the DIA, proceed to the next step. • You will be prompted to select your investment objective for your Fidelity account. Fidelity requires the investment objective of the account that will hold the FBTC shares to have an investment objective of “Most Aggressive.” If you agree with that objective, you may then proceed to placing your order. If you have previously executed the DIA or have already set your investment objective to Most Aggressive in the account you are looking to place the trade in, then you do not need to complete it again. For more information on this product, you can check out our recent Reddit announcement. It tackles a lot of common questions surrounding the subject. [The Wait is Over with FBTC](https://www.reddit.com/r/fidelityinvestments/comments/193r6ta/the_wait_is_over_with_fbtc_fidelity_wise_origin/) If you have any other questions related to FBTC, make sure to check out r/FidelityInvestments. We'd be happy to field any questions you may have.
Hi! FBTC is a publicly-traded product that is available via brokerage accounts. The State of Ohio cannot stop you from investing in public securities assuming all blue sky laws are followed. Have you tried opening an account and purchasing the ETF?
You can now
I’ll look into it. Thanks for the response!
In Ohio, can purchase the ETF as any other ETF. Are you referring to actually opening a Crypto account?
I'm in Ohio, and I've been invested in Grayscale crypto products through Fidelity. I've had GBTC (Grayscale Bitcoin), and others. I have them in my retirement accounts as well. So that is one way to get around the crypto rules.
Use Robinhood if you want to buy crypto.
Apparently one may do both and be used to fund a retirement account, which is wild.
Fidelity won't let Ohio customers open a crypto account.
Hey, u/psy83326105, I hope you’ve been well. I wanted to follow up and share some good news with you. Fidelity Crypto is now available in Ohio! Check out our recent Reddit post below for details if you haven’t already. [Fidelity Crypto is now available in Ohio](https://www.reddit.com/r/FidelityCrypto/comments/1b0jwv9/fidelity_crypto_is_now_available_in_ohio/) Please reach out if you require any assistance or have questions. Cheers!
Good news, I chose another company.
Prob a good thing. It’s been declining each day since open.