SIPC
SIPP INDUSTRIES INC NEW
stock OTC

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

> and fdic insured
no, the word you're looking for is SIPC insured

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

A prospectus cannot simply eliminate the protections provided by federal law, including those offered by the Securities Investor Protection Corporation (SIPC). While SIPC protection is limited, a prospectus cannot waive statutory rights.
That does **not** mean investors have no recourse. If custodian was legally liable, etf sponsor could seek damages on behalf of the trust. Whether shareholders are ultimately made whole would depend on factors such as:
the custody agreement,
available insurance,
recoveries of stolen assets,
the outcome of any litigation.
The prospectus generally discloses that a loss of the trust’s bitcoin could reduce the value of shareholders’ investment.

Here’s how it works if you buy a spot Bitcoin ETF like Grayscale through Fidelity:
If Fidelity were to fail as a brokerage:
Your ETF shares are legally your property and are normally held separately from Fidelity’s assets. They should be transferred to another brokerage or returned to you.
If, in a rare case, shares were missing because of brokerage fraud or insolvency:

Securities Investor Protection Corporation (SIPC) steps in to help recover your securities or compensate you, up to
$500,000 total
, including up to
$250,000 for cash
in the account.

I believe you have SIPC protection in most, if not all, money markets though? Someone may correct me that I’m wrong. But I know mine says it’s SIPC insured. Which isn’t quite as solid as FDIC, but damn close.

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

And it’s the SIPC, that’s covers failures of brokerages, NOT stolen bitcoin

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

> and fdic insured
no, the word you're looking for is SIPC insured

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

A prospectus cannot simply eliminate the protections provided by federal law, including those offered by the Securities Investor Protection Corporation (SIPC). While SIPC protection is limited, a prospectus cannot waive statutory rights.
That does **not** mean investors have no recourse. If custodian was legally liable, etf sponsor could seek damages on behalf of the trust. Whether shareholders are ultimately made whole would depend on factors such as:
the custody agreement,
available insurance,
recoveries of stolen assets,
the outcome of any litigation.
The prospectus generally discloses that a loss of the trust’s bitcoin could reduce the value of shareholders’ investment.

Here’s how it works if you buy a spot Bitcoin ETF like Grayscale through Fidelity:
If Fidelity were to fail as a brokerage:
Your ETF shares are legally your property and are normally held separately from Fidelity’s assets. They should be transferred to another brokerage or returned to you.
If, in a rare case, shares were missing because of brokerage fraud or insolvency:

Securities Investor Protection Corporation (SIPC) steps in to help recover your securities or compensate you, up to
$500,000 total
, including up to
$250,000 for cash
in the account.

I believe you have SIPC protection in most, if not all, money markets though? Someone may correct me that I’m wrong. But I know mine says it’s SIPC insured. Which isn’t quite as solid as FDIC, but damn close.

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

And it’s the SIPC, that’s covers failures of brokerages, NOT stolen bitcoin

This was removed for violating rule #10: **keep posts within the scope of customer care, market news, or general investing discussion**.
The focus of this community is investing education and Fidelity customer care, including discussions about money movement, transfers, and trading. This sub is not intended to address inquiries that go beyond the scope of normal service.
Please consider if your question is one you’d ask to a Fidelity support representative. Off-topic posts may be removed.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*

This has been removed for violating rule #2: **limit discussion of securities and investments**.
Thanks for your post seeking investment advice or discussing specific securities. Please keep all conversations about portfolios and specific investments in our monthly discussion post.
Fellow Redditors may offer an opinion on investments. Fidelity doesn’t endorse any of the expressions, opinions, or content posted by non-Fidelity members or any third parties on  r/fidelityinvestments. Do not rely on comments to form the basis of an investment decision.
Always make sure to do your due diligence before investing. Remember to look for the “Community Care Representative” flair to make sure it’s us.
*Fidelity Brokerage Services LLC, Member NYSE, SIPC*