fidelity

Bullish for BTC? Institutional and Retail Investors’ Appetite for Bitcoin Is Growing, Shows This Coinbase Metric

Bitcoin reclaimed another crucial resistance area as it climbed above $69,000 this week. With the upcoming halving drawing near, investors are preparing for the price fluctuations that accompany this event. However, the latest data suggests a promising trend for the leading crypto assets as two critical factors shift positively. According to CryptoQuant’s analysis, the Coinbase...
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SEC Delays Spot Ethereum ETF Decision From BlackRock and Fidelity

The United States Securities and Exchange Commission (SEC) has once more postponed its decision to approve or deny the applications for spot Ethereum exchange-traded funds (ETFs) submitted by BlackRock and Fidelity. The latest delay comes weeks after the agency greenlighted several Bitcoin ETFs that have since gained massive traction. SEC Delays Decision on Ethereum ETFs...
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Here Are the Records Set by the Bitcoin ETFs by BlackRock and Fidelity

BlackRock and Fidelity’s spot Bitcoin exchange-traded funds have set a new record by amassing more assets in their first month of trading than any other ETF launched in the U.S. in the past 30 years. The development comes amid a new report from earlier this week that showed IBIT was among the top five of...
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Fidelity Sees Recent BTC Sales as Short-Term ‘Hangover’ Post-Spot Bitcoin ETF Launch

Jurrien Timmer, Fidelity’s Director of Global Macro, has expressed the view that the current trends in Bitcoin’s price suggest a short-term positioning adjustment rather than a long-term trend reversal in a thread on X. According to Timmer, the current BTC sales are perceived as a short-term phenomenon, characterized as a “hangover” following the launch of...
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Fidelity Joins the Race: Files for Ethereum ETF Approval Amid Growing Competition

BlackRock’s competition has heightened as Fidelity – a renowned financial giant with $4.5 trillion in assets under management – has filed for a spot Ethereum exchange-traded fund (ETF). Fidelity Goes for Ethereum ETF In a filing submitted to the United States Securities and Exchange Commission (SEC) on November 17, Fidelity outlined its plans to list and...
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Major Asset Manager Makes Flattering Comparison of Bitcoin

Bitcoin is a store of value currency and inflation hedge likable to “exponential gold,” wrote Jurrien Timmer, Head of Global Macro at Fidelity, in a post to X on Wednesday. The analyst argued that both Bitcoin and gold boast distinct but attractive risk/reward ratios right now and that both may be players on the “same...
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How Ethereum Can Appeal to Institutional Investors: Fidelity

Ethereum (ETH) may now present advantages to institutional investors over Bitcoin (BTC), according to Fidelity’s Director of Research, Chris Kuiper. During an interview with the Bankless podcast on Wednesday, Kuiper argued that legacy finance is “getting past the Bitcoin point” in terms of its understanding of crypto at large, opening its minds to other digital...
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Fidelity Asked X Follower ‘Choose New Bill’ and Half the Replies Were Crypto

Fidelity recently asked its X followers to choose a new bill denomination. Two hours later, more than half the answers were cryptocurrencies. It’s another sign of crypto’s ascendance in the global economy. The trillion-dollar multinational finance company wanted to know what new bill denomination their social media followers would come up with: You get to...
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Fidelity, VanEck, Invesco Amend Bitcoin Spot ETF Filings Following SEC’s Warning (Report)

Several financial giants, including Fidelity, 21Shares, and WisdomTree, have changed their filings with the Securities and Exchange Commission in regard to their applications for Bitcoin Spot ETFs. This comes just hours after the US securities regulator reportedly warned that all recent filings for such products were “inadequate.” BlackRock splashed the waters two weeks ago when...
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Fidelity Refiles Bitcoin Spot ETF Application After BlackRock

Fidelity Digital Assets – the $4.5 trillion asset manager’s crypto-arm – has resubmitted its filing to launch a Bitcoin Spot ETF in the United States. Parts of the filing are virtually identical to BlackRock and ARK Invest’s respective submissions earlier this month. Fidelity Tries Again According to a 19-b4 filing with the U.S. Securities and...
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Fidelity-Backed Crypto Platform Cuts Staff Due to Market Pressure

OSL, a Hong Kong-based digital asset exchange, is cutting roughly a third of its costs following months of turbulence in the crypto market.  That includes staff cuts – though the firm did not reveal how large a portion of its workforce was laid off.  OSL provides crypto trading and custody services alongside software solutions for...
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Fidelity to Enter The Metaverse With Latest Trademark Applications

On Dec. 27, licensed trademark attorney Mike Kondoudis revealed the latest crypto trademark applications from Fidelity Investments. There were three applications filed broadly covering Metaverse technologies and services, NFTs and marketplaces, virtual land, and cryptocurrency trading. The first relates to digital media and NFTs, and the second is the provision for an online marketplace for...
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US Lawmakers ‘Strongly Urge’ Fidelity to Reconsider its Bitcoin 401(k) Initiative

The American senators – Elizabeth Warren, Tina Smith, and Richard Durbin – advised Fidelity Investments to reconsider its decision to allow investors to add bitcoin to their retirement 401(k) plans. One of the largest mutual fund companies in the US has heavily engaged in the crypto sector in the past few years. It recently considered...
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Fidelity, ForUsAll Start Rolling Out Crypto for Retirement Plans

Fidelity –  a $4.5 trillion asset manager– said this fall that some of its 401(k) retirement plans have begun adding Bitcoin to their investment menus. Similarly, San Francisco-based 401(k) provider ForUsAll said that 50 of its 550 clients started letting workers put their retirement savings in Bitcoin and Ethereum about eight weeks ago.  Here’s what...
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Fidelity to Offer Bitcoin and Ethereum Trading to Retail Investors

Investment giant Fidelity appears to finally be granting its retail investors access to Bitcoin and Ethereum trading.  The $4.5 trillion asset manager has established an early access waitlist for users to trade both assets, bringing potential crypto access to 34 million investors. The service, titled Fidelity Crypto, will also provide investors with beginner-friendly educational resources...
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Bear Market Didn’t Hurt Crypto Fundamentals, Claims Fidelity

On Oct. 27, the portfolio and asset manager published its “2022 Institutional Investor Digital Assets Study,” an annual report shedding light on the crypto industry from an institutional perspective. The research revealed that the market is now well-positioned to weather the macroeconomic headwinds it has faced in recent months. Fidelity Digital Assets President, Tom Jessop,...
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Fidelity’s Crypto Arm to Provide ‘Institutional Ethereum Capabilities’

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...
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Leading Asset Manager Fidelity Introduces $5 Million Ethereum Index Fund

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...
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Citadel, Charles Schwab, Fidelity Launched Crypto Exchange EDX Markets

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...
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Fidelity May Begin Offering Bitcoin Trading to its Retail Customers: Report

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...
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Citadel, Virtu Join Hands With Schwab and Fidelity on New Crypto Initiative 

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...
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Despite the Bear Market, Fidelity’s Crypto Arm on a Hiring Spree

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...
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New Bitcoin ETPs Listed by Fidelity International

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...
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Fidelity International Lists Cheapest Bitcoin ETP in Europe

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...
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Fidelity Digital Assets: Bitcoin Is Superior Money

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...
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Fidelity Files with The SEC to Launch Metaverse ETFs

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...
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Fidelity Investments Canada to Add Bitcoin Exposure to All-in-One ETFs

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...
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Nexo Partners With Fidelity to Expand Institutional Access to Cryptocurrencies

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...
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Fidelity Launches a Spot Bitcoin ETF in Canada

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...
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TCW Asset Manager: Crypto Knocking on Doors of Big Institutions

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,...
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