Fidelity Digital Assets – the cryptocurrency subsidiary of the finance giant Fidelity Investments – will allow its institutional clients to trade Ether (ETH). The service will be available on the company’s crypto platform from October 28, 2022. Fidelity Expands its Crypto Scope Earlier this month, the company doubled down on its cryptocurrency efforts by introducing...Read More
Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s...Read More
A group of leading venture capital firms and broker-dealers announced the creation of the cryptocurrency platform – EDX Markets (EDXM). The launch received support from giant finance players, including Citadel Securities, Fidelity Digital Assets, Charles Schwab, Sequoia Capital, Paradigm, and Virtu Financial. The Plan Came to Existence At the beginning of the summer, market makers...Read More
The asset management firm Fidelity is reportedly weighing plans to bring Bitcoin trading to individual investors on its brokerage platform. If true, this would give 34.4 million retail customers at Fidelity access to the largest cryptocurrency by market cap. Fidelity’s Next Bitcoin Foray The claim is according to people familiar with the matter who were...Read More
A new crypto marketplace backed by leading retail brokerages and market makers is expected to roll out this year or early 2023. According to sources, the new trading platform can provide a major boost to crypto trading for retail investors. Partnership for New Crypto Initiative Market makers Citadel Securities and Virtu Financial have joined hands...Read More
Fidelity’s aggressive push into the cryptocurrency sector isn’t surprising. But the hiring plans for different tech roles in the financial service company have remained unfazed despite the turbulent state of the market. Its subsidiary, Fidelity Digital Asset Services LLC, is embarking on a recruiting effort in tech roles with blockchain experience. According to a report...Read More
Fidelity Exchange Traded Products GmbH has listed two new Bitcoin exchange-traded products (ETPs) in the US dollar and Swiss franc on the Swiss stock exchange, SIX. Fidelity Lists Two Bitcoin ETPs on SIX With the new listing, investors using SIX now have access to 133 crypto ETPs and a total of 208 products based on...Read More
The London-based investment management company, Fidelity International, listed a Bitcoin exchange-traded product (ETP) in Europe in response to increased institutional demand. The product, called the Fidelity Physical Bitcoin ETP, began trading on Germany’s Deutsche Börse AG and Frankfurt Stock Exchange on Tuesday (February 15, 2022) under the ticker symbol “FBTC.” The Bitcoin ETP launch targets...Read More
Fidelity Digital Assets (FDA), the digital asset arm of leading asset manager Fidelity Investments, said in its report that Bitcoin is a superior form of money compared to other digital currencies. New Investors Should Consider Bitcoin In a 26-page report published by the digital asset arm of Fidelity, new investors seeking to gain exposure to...Read More
The large asset manager – Fidelity Investments – filed with the US Securities and Exchange Commission to establish a pair of exchange-traded funds (ETFs). The financial products will track firms involved in the Metaverse industry. Aiming at The Metaverse The American financial services corporation – Fidelity Investments – has already sought the SEC’s approval to...Read More
The multinational financial services corporation aims to make several changes to its Fidelity All-in-One Growth ETF and Fidelity All-in-One Balanced ETF, including adding a small allocation to the company’s Bitcoin ETF. After several unsuccessful attempts to launch a spot Bitcoin exchange-traded fund in the States, Fidelity, through its Canadian branch, released such a product up...Read More
Leading cryptocurrency lending and savings platform Nexo has partnered with Fidelity Digital Assets (FDA), the digital arm of financial services giant Fidelity Investments, to expand institutional access to cryptocurrencies. Nexo Partners with Fidelity Following the collaboration, both firms will develop a comprehensive product suite and compliant infrastructure for institutional investors seeking to gain exposure to...Read More
One of the world’s largest asset managers, Fidelity Investments, is set to launch a spot Bitcoin ETF in Canada and doesn’t intend to wait for the US Securities and Exchange Commission to make up its mind. Fidelity Investments currently manages around $4.2 trillion in assets, making it one of the leading asset management companies in...Read More
Portfolio manager at Los Angeles-based TCW Group, Bryan Whalen, has stated that crypto investors are asking big institutions for loans against their digital assets. The comments came at a Morningstar Investment Conference this week, according to Bloomberg. Whalen went on to indicate that: “The market is starting to knock on the doors of big institutions,...Read More
The American financial services corporation – Fidelity Investments – urged the U.S. Securities and Exchange Commission (SEC) to approve its Bitcoin exchange-traded fund. According to the company, the regulator should allow the initiative as investors’ demand for digital assets has significantly increased recently. Looking for The SEC’s Approval According to a recent filing, the multinational...Read More
El Salvador made history earlier this week when it became the first country to officially accept Bitcoin as a legal tender. While the community rejoiced about the significance of the news, Fidelity’s Director of Global Macro – Jurrien Timmer – said the move had been overplayed. BTC Adoption in El Salvador is Overplayed Three months...Read More
According to a recent survey, 7 out of 10 institutional investors asserted that they expect to purchase digital assets sometime in the future. What’s more, over half of the participants revealed they already have invested in cryptocurrencies. Institutional Investors Love Virtual Currencies A survey conducted by the financial services provider – Fidelity Digital Assets –...Read More
Less than a year after acquiring a substantial portion in the Hong Kong-based crypto-focused firm BC Technology Group, Fidelity International has upped its stake. The investment subsidiary of the Boston-based mutual fund giant has allocated nearly $7 million more for a total stake of 6.29%. Fidelity Doubles-Down On Investing In A Crypto Firm Bloomberg reported...Read More
Fidelity Digital Asset Services (FDAS) has partnered with Stack Funds to enable Asian investors to purchase and store cryptocurrency assets more freely and securely. Based in Singapore, Stack Funds is a regulated fund manager focusing on Bitcoin and other digital assets. According to the Bloomberg report, Stack Funds will make Fidelity’s secure custody services available...Read More
In times of pandemic, uncertainty, and risk, exposure to new of investments is more a necessity rather than a recommendation. According to Fidelity, one of the largest brokers in the U.S., Bitcoin is an excellent investment for those considering to exit banks and enter the markets. In October 2020, Fidelity Digital Assets, a branch of...Read More
Fidelity Investments, an asset management company with about $2.7 trillion of assets under management, will reportedly launch its first Bitcoin-only fund. The product is oriented toward family offices, registered investment advisers, as well as other institutions and will require a minimum investment of $100,000. Fidelity Puts Its Name to a Bitcoin Fund Fidelity Investments is...Read More
Fidelity Digital Assets, the subsidiary of the large American investment company Fidelity Investments, has published a report on Bitcoin highlighting that its benefits have helped BTC to become an “aspirational store of value” for investors. Bitcoin’s Store Of Value Functions Launched in October 2018, Fidelity Digital Assets has become a significant player offering cryptocurrency services...Read More
A study compiled by the American multinational financial services corporation Fidelity Investments informed that a third of large institutional investors own a form of cryptocurrency. The highest level of interest came from Europe, followed by the US. Institutional Investors Choose Cryptocurrencies According to the report from Bloomberg citing the survey from Fidelity, 36% of all...Read More
Singapore-based blockchain startup Clear just raised $13 million in a Series A round of venture funding. Multinational financial services giant Fidelity facilitated the fundraise. Specifically, its investment arm, Eight Roads (formerly Fidelity Ventures), led the round. It makes sense that Clear went with Fidelity to help it raise venture capital. “Eight Roads is the investment...Read More
There is a wealth of data and differentiating metrics that can offer real insight in bitcoin and its potential. Bitcoin Transaction Values Unraveled A recent article by director of research at Fidelity Digital Assets, Ria Bhutoria, has delved deeper into transaction value on the bitcoin network. The ledger, which uses the unspent transaction output (UTXO)...Read More
Photo: Anchorage / Medium Anchorage clients who hold Stellar or Tezos now are in for a treat. Anchorage just announced that they are adding these assets to its list of eligible assets, the company co-founder and president Diogo Monica announced in a medium blog post. For those who hold Stellar, they can now receive inflation...Read More
Fidelity’s charity arm, Fidelity Charitable, has received more than $100 million in cryptocurrency donations since 2015. But according to the company, this year is not the best one for crypto donations. Fidelity Charitable has accepted cryptocurrency donations since 2015. As the company revealed late last month, in total, it has received more than $106 million...Read More
Fidelity’s charity arm, Fidelity Charitable, said late last month that it has received more than $100 million in cryptocurrency donations since 2015. In total, more than $106 million worth of cryptocurrencies has been granted to Fidelity Charitable since it first began accepting this form of donation, according to the firm’s annual report published late last...Read More
