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The new fund accepts minimum outside investments of $50,000 and it has already seen more than $5 million in reported sales. Fidelity Digital Assets is also part of a group of institutions that are backing the launch of EDX Markets , “a first-of-its-kind exchange that will address latent demand for digital asset trading by enabling safe and compliant trading of digital assets through trusted intermediaries.” In other institutional news, crypto index fund manager Bitwise Asset Management has announced the launch of the Bitwise Web3 exchange-traded fund , which includes exposure to five categories of Web3 companies.
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