Fidelity Investments Lobbies SEC for Bitcoin ETP Approval

Key Takeaways Fidelity has met with SEC officials in a private meeting to seek approval for its Bitcoin ETP. The firm is one of the largest financial services corporations in the world, managing over $4.2 trillion in assets. Multiple other firms have filed for similar Bitcoin ETPs, but none have been approved by the SEC… Continue reading Fidelity Investments Lobbies SEC for Bitcoin ETP Approval

Survey Finds 52% of Investors Secured Exposure on Cryptocurrencies in 2021

Fidelity Digital Assets, the cryptocurrency arm of the asset management giant, released a survey that notes 52% of investors secured their exposures to cryptocurrencies this year. According to the study, performed between December 2020 and April 2021 with 1,100 blind interviews and phone sessions, 84% of the high-net-worth individuals in Europe invested in digital assets.… Continue reading Survey Finds 52% of Investors Secured Exposure on Cryptocurrencies in 2021

Fidelity Investments Purchases Stake in Bitcoin (BTC) Mining Operations Firm

Fidelity Investments continues to embrace bitcoin (BTC) with the latest development being its purchase of 7.4% worth of stake in one of the largest bitcoin mining operations in North America, Marathon Digital Holdings. Fidelity Buys Stake in Marathon Digital Holdings Wall Street giant Fidelity Investments has purchased a 7.4% stake in Marathon Digital Holdings across… Continue reading Fidelity Investments Purchases Stake in Bitcoin (BTC) Mining Operations Firm

ICAP, Fidelity & Standard Chartered Launching Bitcoin (BTC) Trading Platform

TP ICAP is joining forces with Standard Chartered’s digital asset custody unit and Fidelity Investments to launch a bitcoin (BTC) and altcoins trading venue. The team says the move is in a bid to meet the growing demand of clients for digital assets trading, according to a Reuters report on June 29, 2021. TP ICAP… Continue reading ICAP, Fidelity & Standard Chartered Launching Bitcoin (BTC) Trading Platform

Volatile bitcoin not yet a store of value: Fidelity digital assets boss

FILE PHOTO: A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken November 19, 2020. REUTERS/Dado Ruvic(Reuters) – Bitcoin is still too volatile to act as a true store of value, though investors hope it will assume that role, the head of the digital assets arm of… Continue reading Volatile bitcoin not yet a store of value: Fidelity digital assets boss

Fidelity Confirms That Bitcoin's Volatility Is Worth It and Recommends Investing 5% of One's Portfolio

Fidelity Digital Assets shared a new report, published on October 13, 2020, stating that Bitcoin has a notably low correlation with other traditional assets like stocks or gold and that Bitcoin’s market cap has plenty of upside opportunities. In line with this, the firm considers investing 5% in BTC in one’s diversified portfolio.  Fidelity recommends… Continue reading Fidelity Confirms That Bitcoin's Volatility Is Worth It and Recommends Investing 5% of One's Portfolio

Fidelity makes it clear: Bitcoin volatility is worth the risk for institutions

In a recently released report titled Bitcoin Investment Thesis, Fidelity Digital Assets demonstrated how portfolio managers could increase their returns by allocating a portion of their holdings to Bitcoin (BTC). The report also speculated that in the near future, increased institutional interest could expand Bitcoin’s market capitalization by hundreds of billions of dollars. Source: Fidelity… Continue reading Fidelity makes it clear: Bitcoin volatility is worth the risk for institutions

Fidelity says "there is almost no relationship between the returns of Bitcoin and other assets"

In recent years, a battle of the minds has surfaced on whether or not Bitcoin’s price is correlated with other financial assets, such as stocks. A recent report from Fidelity Digital Assets brings clarity to the argument. Fidelity’s lengthy report, titled Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment, shows not only a lack… Continue reading Fidelity says "there is almost no relationship between the returns of Bitcoin and other assets"

Fidelity Digital Assets To Power Bitcoin Custody For Kingdom Trust Choice Retirement Accounts – Blockchain News, Opinion, TV and Jobs

Due to an exclusive institutional agreement between Fidelity Digital Assets (FDA) and Kingdom Trust (KT),  retirees now have the option to safeguard their tax-advantaged bitcoin with Fidelity Digital Assets via a Choice by Kingdom Trust retirement account. Announcing FDA as the Exclusive Custodian for Bitcoin held in cold storage via a Choice by Kingdom Trust… Continue reading Fidelity Digital Assets To Power Bitcoin Custody For Kingdom Trust Choice Retirement Accounts – Blockchain News, Opinion, TV and Jobs

Fidelity names veteran Maggie Serravalli as CFO

(Reuters) – Fidelity Investments named company veteran Maggie Serravalli as chief financial officer, replacing Gerard McGraw, according to a note viewed by Reuters. Serravalli, 58, has been with the investment manager for 13 years and will oversee finance as well as tax, treasury, human resources, real estate, government relations and corporate communications teams, Chairman Abigail… Continue reading Fidelity names veteran Maggie Serravalli as CFO

Fidelity Digital Assets Launches UK Branch In Line With Local Laws

Fidelity Investments’ cryptocurrency branch Fidelity Digital Assets is expanding to the United Kingdom. “We plan to provide our services to European institutional investors through our U.K.-registered entity, Fidelity Digital Assets, Ltd,” a Fidelity Digital Assets representative told Cointelegraph on Dec. 17, saying: “We recognize that the regulatory requirements for service providers in the digital assets… Continue reading Fidelity Digital Assets Launches UK Branch In Line With Local Laws

Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform

Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution platform. Per a Nov. 19 press release, the NYDFS authorized FDAS to operate as a limited liability trust company and run a cryptocurrency custody and execution platform… Continue reading Fidelity Digital Asset Services Now Authorized to Operate Crypto Custody Platform

Fidelity Contrafund cuts value of WeWork stake by 35%

BOSTON (Reuters) – Fidelity Investments cut the value of Contrafund’s stake in WeWork Companies Inc by 35% in September amid turmoil surrounding the office-sharing startup’s failed initial public offering (IPO). Fidelity disclosed on Wednesday that Contrafund (FCNTX.O) held $193.1 million in Series E WeWork shares at the end of September, down from $295.1 million the… Continue reading Fidelity Contrafund cuts value of WeWork stake by 35%

Tencent, Fidelity Back $20 Million Round for Blockchain Firm Everledger

Blockchain provenance startup Everledger has raised $20 million in a Series A round led by internet giant Tencent. In an announcement on Monday, Everledger said Tencent has now joined its board as part of the investment deal. Bloomberg Beta, Rakuten, Fidelity, Graphene Ventures and Vickers Venture Partners also took part in the round. The U.K.-based startup… Continue reading Tencent, Fidelity Back $20 Million Round for Blockchain Firm Everledger

Fidelity will stick to top cryptos like Bitcoin or XRP, says Morgan Creek’s Anthony Pompliano

The sudden movement in Bitcoin prices has added fuel to the cryptocurrency market’s excitement, with many in the space speculating that the bear market may have finally come to an end. In the latest Crypto Trader episode, Ran NeuNer sat down with Frank Chaparro, Senior Correspondent at The Block and Anthony Pompliano, Founder of Morgan… Continue reading Fidelity will stick to top cryptos like Bitcoin or XRP, says Morgan Creek’s Anthony Pompliano

Institutions Inbound: Fidelity Set to Launch Crypto Trading Service as Interest in Markets Flourishes

Institutions Inbound: Fidelity Set to Launch Crypto Trading Service as Interest in Markets Flourishes Fidelity Investments, one of the largest brokerages on the planet, is set to launch their crypto trading service in the coming weeks, which means that an influx of fresh institutional capital may soon be introduced to the markets. The launch of… Continue reading Institutions Inbound: Fidelity Set to Launch Crypto Trading Service as Interest in Markets Flourishes

Cryptocurrencies and digital assets viewed favourably by 74% of financial advisers, claims Fidelity Investments report

The cryptocurrency community and its proponents have been promoting crypto to gain mainstream adoption across the world. However, institutional investors have always been a tough nut to crack when it comes to cryptos. According to research by Fidelity Investments, many of these investors are “overwhelmingly favorable about the appealing characteristics of digital assets.” The majority… Continue reading Cryptocurrencies and digital assets viewed favourably by 74% of financial advisers, claims Fidelity Investments report

Jack Dorsey: 3 Factors in Twitter CEO Bitcoin’s Prophecy

On CNBC’s Fast Money, Brian Kelly, CEO of BKCM, mentioned three vital factors which could push Bitcoin back to its former (2017) highs and see a complete recovery in the future. In our recent post, we revealed that the CEO of Twitter and Square, Jack Dorsey, showed his interest in Bitcoin, the flagship cryptocurrency. Above… Continue reading Jack Dorsey: 3 Factors in Twitter CEO Bitcoin’s Prophecy

Fidelity Crypto Platform is Being Tested in their Final Stages

The financial services company Fidelity Investments is in the final testing process of its crypto trading and custody platform. The information was released by the American platform in a blog post on January 31st. Alongside Bakkt, the company aims at offering services to cryptocurrency traditional investors and institutions. Fidelity Investment’s Crypto Platform Enters Final Testing… Continue reading Fidelity Crypto Platform is Being Tested in their Final Stages

Nasdaq, Fidelity Invest in Cryptocurrency Exchange Platform ErisX | BTCMANAGER

According to an article published by Reuters, on December 4, 2018, VC arms of Nasdaq and Fidelity Investments have funded a new cryptocurrency exchange named ErisX. The startup successfully raised a total of $27.5 million during its Series B funding round. Giants Throw Their Weight behind ErisX Per sources close to the matter, ErisX will… Continue reading Nasdaq, Fidelity Invest in Cryptocurrency Exchange Platform ErisX | BTCMANAGER

Bitcoin [BTC] and other cryptocurrencies are slowly being adopted by institutional investors, says Fidelity official

The recent news of Fidelity entering the cryptocurrency space has sent shockwaves throughout the industry with many claiming this move to be a catalyst towards mass adoption. In a recent interview with Bloomberg, an official from Fidelity spoke about the company’s entry into the digital asset market and gave his two cents on the institutional… Continue reading Bitcoin [BTC] and other cryptocurrencies are slowly being adopted by institutional investors, says Fidelity official

Fidelity Investments Launch Institutional Grade Crypto Storage and Trading Service

On Monday, October 15, financial services giant Fidelity Investments made a big announcement of venturing the cryptocurrency market. According to CNBC, the 72-year-old-firm floated a new subsidiary called Fidelity Digital Asset Services which will provide cryptocurrency storage and trading services to institutional and enterprise clients. According to the official press release, Abigail P. Johnson, Chairman and CEO… Continue reading Fidelity Investments Launch Institutional Grade Crypto Storage and Trading Service

Blockchain is the New Cool, Fidelity Channels $2.5 Billion to Research

Fidelity, the 72-year mutual fund famous at Wall Street than in Silicon Valley, is changing tact and investing billions of dollars in emerging technologies as blockchain a Fidelity executive has revealed. For its long history, the firm plan to compete with tech companies and not outperform traditional competitors as Charles Swab because “blockchain is the… Continue reading Blockchain is the New Cool, Fidelity Channels $2.5 Billion to Research