Category: Fidelity Investments

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Fidelity Incorporates Staking in Spot Ethereum ETF Offering to Boost Fund’s Income

On March 18, the financial behemoth Fidelity Investments updated its application for a spot ethereum exchange-traded fund (ETF) to encompass staking capabilities. The firm, Fidelity, has made it known that the sponsor might “from time to time” opt to “stake a portion of the fund’s assets through one or more trusted staking providers.” Fidelity Updates…
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Fidelity seeks green light for Ethereum ETF, following BlackRock’s filing

Just days after BlackRock filed for the iShares Ethereum Trust, asset management firm Fidelity has submitted an application for its own Ethereum exchange-traded fund (ETF). Fidelity, an asset management firm overseeing $4.5 trillion in assets, has become the latest firm to seek approval for a spot Ethereum (ETH) exchange-traded fund (ETF). In a filing with…
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Fidelity to beef up crypto unit by another 25% with 100 new hires

The Digital Assets division within Fidelity Investments will have around 500 total staff members by the first quarter of 2023, according to a spokesperson. $4.5 trillion asset management firm Fidelity Investments is reportedly set to hire another 100 people to bolster the firm’s growing digital assets division — a stark contrast to the recent squeezing…
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Fidelity’s Crypto Platform Prepares to Start Offering Ethereum Trading Next Week

Fidelity Digital Assets, a subsidiary of Fidelity Investments, has informed customers that it will start offering ethereum trading and custody services on Oct. 28. “Investors will be able to buy, sell, and transfer ether, accessing the same operational excellence, robust security, and dedicated client service model provided for bitcoin investments today,” the firm said. Institutional…
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Financial Heavyweights Citadel, Charles Schwab, Fidelity Confirm Cryptocurrency Exchange Launch

A number of financial giants including Fidelity Digital Assets, Citadel Securities, and Charles Schwab Corp. announced on Tuesday that the consortium of companies plans to launch a cryptocurrency exchange called EDX Markets. Reports note that firms like Paradigm, Sequoia Capital, and Virtu Financial are also backing the new crypto trading platform. The story was first…
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Fidelity will ‘shift’ retail customers into crypto soon, says Galaxy CEO

While Fidelity hasn’t yet confirmed rumors it will launch retail Bitcoin trading, the firm said enabling broader access to digital assets remained a key area of focus. $4.2 trillion asset management firm Fidelity Investments is reportedly working towards offering Bitcoin trading services to its 34.4 million retail investor base, according to Galaxy Digital CEO Mike…
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Fidelity Analyst: Bitcoin Is Cheap — Ethereum Could Be Near Bottom

Fidelity’s director of Global Macro has shared his bitcoin and ether price outlook. His analysis shows that bitcoin is cheap but ether could be even cheaper. “Ethereum could be close to a bottom,” he added. Fidelity’s Director on Bitcoin and Ether Price Outlook Jurrien Timmer, director of Global Macro in Fidelity Investments’ global asset allocation…
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Citadel, Charles Schwab, Fidelity Join Forces to Build Cryptocurrency Trading Platform

Citadel Securities and Virtu Financial are reportedly building a cryptocurrency trading platform with help from Fidelity Investments and Charles Schwab. “We know there is significant interest in this cryptocurrency space and we will look to invest in firms and technologies working to offer access with a strong regulatory focus and in a secure environment,” said…
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Bitcoin Miners Under ‘Stress’, Euro’s Purchasing Power Wanes, Fidelity Beyond BTC + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Bitcoin Miners Under ‘Stress’, Euro’s Purchasing Power Wanes, Fidelity Beyond BTC + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card

USD 4.5B Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum’s Merge + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: USD 4.5B Crypto Fund, Less Difficult Bitcoin Mining, OTC NFT, Ethereum’s Merge + More News  Read more »Pay, Trade, Buy Bitcoin with Credit Card