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Fidelity incorporates staking in the Ethereum ETF proposal

Fidelity

Financial powerhouse Fidelity has made a significant move in the cryptocurrency market, submitting an amended proposal for an Ethereum (ETH) exchange-traded fund (ETF).  The amendment introduces a staking feature to the proposed ETF, allowing investors to stake a portion of the fund’s assets through a trusted staking provider. Fidelity’s Ethereum ETF proposal echoes Bitcoin’s regulatory […]

Fidelity, BlackRock capitalize on spot Bitcoin ETF FOMO

Fidelity, BlackRock capitalize on spot Bitcoin ETF FOMO

The Bitcoin bonanza has taken a wild turn, with the spotlight is on two giants, BlackRock Inc.’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC), who are now the belle of the ball, hogging a whopping 79% of total inflows into the so-called “Newborn Nine.” The Bitcoin ETF market has grown […]

Bitcoin ETFs surge: iShares & Fidelity lead with record holdings

Bitcoin ETF

Exchange-traded funds (ETFs) have significantly increased their Bitcoin holdings, showcasing remarkable market confidence in cryptocurrency investments. Leading the charge, iShares by BlackRock (IBIT) now holds nearly 116,000 BTC, with Fidelity’s Bitcoin ETF (FBTC) not far behind, managing over 83,000 BTC. This rapid accumulation within just five weeks of Bitcoin ETF trading has dispelled doubts regarding […]

MicroStrategy’s Bitcoin holdings traced to Fidelity

MicroStrategy's Bitcoin holdings traced to Fidelity

Blockchain analytics powerhouse Arkham Intelligence has blown the lid off one of the most closely guarded secrets in the digital currency space. The firm claims to have tracked down a whopping 98% of MicroStrategy’s Bitcoin stash, pinpointing the whereabouts of approximately 186,000 out of 190,000 BTC. This revelation sheds light on the broader implications of […]

BlackRock and Fidelity stack up $5.7b in Bitcoin for ETF bonanza

BlackRock and Fidelity stack up $5.7b in Bitcoin for ETF bonanza

Buckle up, folks, because the financial world just got a tad more electrifying with a capital “E.” Who would’ve thought we’d live to see the day when the behemoths of the investment world, BlackRock and Fidelity, amass a staggering $5.7 billion in Bitcoin, all in the name of the game-changing venture into spot Bitcoin ETFs? […]

BlackRock and Fidelity Bitcoin ETFs lead with strong January inflows

Blackrock

BlackRock and Fidelity Investments have made headlines with their spot Bitcoin exchange-traded funds (ETFs) achieving top spots in January’s inflow rankings. According to a recent report by Morningstar research analyst Lan Anh Tran, based on data approximated from the issuers’ websites, the iShares Bitcoin Trust (IBIT) by BlackRock and the Fidelity Wise Origin Bitcoin ETF […]

Fidelity and BlackRock drive surge in U.S. Bitcoin ETF investments

Fidelity

The cryptocurrency market has witnessed a substantial influx of capital into U.S. spot bitcoin Exchange-Traded Funds (ETFs), with Fidelity and BlackRock showing dominant performance. Data from BitMEX Research indicates that the first five days of trading saw nearly $1.2 billion in net flows. Fidelity’s ETF joined BlackRock, each amassing over $1 billion in inflows. Bitwise […]

Fidelity’s spot Ethereum ETF decision deferred by SEC

Fidelity's spot Ethereum ETF decision deferred by SEC

The unfolding narrative in the cryptocurrency sector took a dramatic turn as the Securities and Exchange Commission (SEC) decided to delay its verdict on Fidelity’s proposed spot Ethereum ETF. Originally earmarked for a January 20, 2024, decision, the SEC has now pushed the deadline to March 5, 2024. This move has sent ripples through the […]

Fidelity advances Bitcoin ETF with SEC securities registration

Fidelity advances Bitcoin ETF with SEC securities registration

Fidelity Investments, the global financial powerhouse with over $4.5 trillion in assets, has made a significant move in the cryptocurrency space by filing Form 8-A with the U.S. Securities and Exchange Commission (SEC) for its Fidelity Wise Origin Bitcoin Fund. This strategic step by Fidelity indicates its intent to make the fund a publicly traded […]

Fidelity and Galaxy/Invesco set fees for upcoming Bitcoin ETFs amid SEC review

Fidelity and Galaxy/Invesco set fees for upcoming Bitcoin ETFs amid SEC review

Two major issuers, Fidelity Investments and Galaxy/Invesco, have announced the fee structures for their proposed Bitcoin Exchange-Traded Funds (ETFs). This move comes amid growing anticipation of the U.S. Securities and Exchange Commission’s (SEC) approval of Bitcoin ETFs, a decision that could reshape the landscape of cryptocurrency investments. According to a recent report from Fortune, Fidelity’s […]

BlackRock and Fidelity discuss Spot Bitcoin ETF redemption models with SEC

Bitcoin ETF

Investment giants BlackRock and Fidelity are talking with the U.S. Securities and Exchange Commission (SEC) to hash out details for a potential spot Bitcoin Exchange-Traded Fund (ETF). This move signals a significant step towards the possible approval of such a financial product. The redemption process Recent discussions have focused on the redemption process of a […]

Fidelity’s Ethereum ETF draws SEC attention for public review

Fidelity

The U.S. Securities and Exchange Commission (SEC) is actively inviting public comments on a significant proposal by Fidelity Investments. The investment giant has filed for a spot in the Ethereum exchange-traded fund (ETF), which could have far-reaching implications for the cryptocurrency sector. SEC calls for comments on Fidelity’s Spot Ether ETF application In a recent […]

Fidelity’s crypto-adjacent move revealed in ETF share class filing

Fidelity's crypto-adjacent move revealed in ETF share filing

In a strategic move signaling its growing interest in the financial landscape, Fidelity, a titan in the asset management industry, has taken a significant step towards embracing a structure pioneered by Vanguard. The firm has filed with the Securities and Exchange Commission to adopt Vanguard’s Exchange-Traded Fund (ETF) multi-share class structure, positioning itself as the […]

Bitcoin, dubbed ‘exponential gold’ by Fidelity guru

Crypto

Jurrien Timmer, the esteemed director of global macro at Fidelity, recently shared insightful analysis on Bitcoin, framing the cryptocurrency in a new light. Timmer characterizes Bitcoin as a “commodity currency” and likens it to “exponential gold,” highlighting its aspirations to become a significant store of value and a hedge against fiscal erosion. Delving into the […]

Fidelity’s Bitcoin ETF resubmission challenges SEC’s caution

Fidelity Investments has resubmitted its application to the U.S. Securities and Exchange Commission (SEC) for the “Wise Origin Bitcoin Trust,” their anticipated Bitcoin spot ETF. This revised proposal comes as a response to the regulator’s earlier concerns. The essence of the Bitcoin ETF is straightforward. Investors can buy and sell fund shares that reflect Bitcoin’s […]

Fidelity missed a chance to compete with Coinbase, claims Jurica Bulovic

JasperArt 2023 08 29 04.42.28 upscaled

Jurica Bulovic, a former Fidelity executive and current head of mining at Foundry, stated that Fidelity could have been a formidable competitor to Coinbase in the cryptocurrency exchange sector. The comments were made in a Wall Street Journal article, sparking discussions about what could have been a different landscape in the crypto industry. According to […]

Bitcoin ETF wave incoming: SEC decision to shake markets

Bitcoin ETF wave incoming SEC decision to shake markets

The cryptocurrency market stands on the precipice of a substantial disruption as the Securities and Exchange Commission (SEC) positions itself to deliver rulings on multiple Bitcoin ETF applications, setting in motion a potential metamorphosis in the trading sphere. This revelation comes as a number of financial heavyweights, including BlackRock, Fidelity, Wisdomtree, VanEck, and Invesco, reach […]

SEC acknowledges BlackRock and Fidelity Bitcoin ETF applications 

Bitcoin futures etf

The US Securities and Exchange Commission (SEC) has acknowledged the Spot Bitcoin ETF applications submitted by asset management giants BlackRock and Fidelity, along with several other firms, according to a report by Bloomberg reporter James Seyffart.  While this acknowledgment does not indicate impending approval or rejection, it marks a significant milestone in the application process, […]

Fidelity’s epic move: $13.2b mutual funds for ETFs

Fidelity aims to convert $13 2bn in mutual funds to ETFs

In a landmark move that echoes the larger currents of change sweeping the investment industry, Fidelity, the financial behemoth, is set to translate a sizable portion of its mutual funds assets—$13.2 billion to be precise—into Exchange Traded Funds (ETFs). This shift, slated for November this year, signals a visionary approach from Fidelity, one that could […]

Fidelity and BlackRock set to dominate the crypto market

Fidelity and Black Rock Keep Expanding Their Crypto Influence

Fidelity, a longstanding proponent of cryptocurrency, continues to push boundaries and break new ground in the digital asset space. Not only has the financial giant enabled retirees and 401K investors to use their funds for cryptocurrency investments, but it has also partnered with BlackRock to lead the charge in integrating traditional financial investment firms with […]

Fidelity opens retail crypto trading accounts: When can users start trading? 

fidelity

One of the world’s largest financial services organisations, Fidelity has officially started opening retail bitcoin (BTC) and ether (ETH) trading accounts. Earlier this month, the company announced its move into the crypto market and launched an early access list. Users on the list have received an email stating “The wait is over”, which further details […]

Why is Crypto crashing? November 2022 coverage

Crypto

November 2022 will be remembered as one of the worst months in the crypto industry’s history. October was filled with DeFi hacks, and the crypto winter has gone up to unprecedented levels in November. Bitcoin reached a new two-year low as traders speculated about Genesis Global’s future. The entity has suffered as a result of […]

Fidelity to offer commission-free BTC and ETH Trading to Retail Investors

fidelity

The world’s largest investment firm Fidelity appears to be allowing individual investors to trade Bitcoin and Ethereum. An early access waitlist for investors to trade both assets has been established by the $4.5 trillion asset manager, giving 34 million investors potential access to cryptocurrencies. Investors will also be able to access beginner-friendly educational materials about […]

Fidelity set to support Bitcoin for 401(k) accounts

bitcoin

TL;DR Breakdown Fidelity continues to make space for Bitcoin The company will make the pioneer crypto more mainstream The firm is confident it will cross all regulatory hurdles  Fidelity, officially Fidelity Investments Inc., is warming up even more to Bitcoin. According to reports, Fidelity has unveiled plans to add Bitcoin to its widely popular 401(k) […]

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