Fidelity

The post No Sell-Offs from BlackRock, Fidelity, and MicroStrategy: Report appeared first on Coinpedia Fintech News After a blood bath across the cryptocurrency landscape, the market is showing signs of recovery. The top assets Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have gained an impressive price surge.  In addition to this recovery, the recent post from blockchain security firm Arkham has gained massive attention. BlackRock, Fidelity, and Grayscale remain calm On August 5, 2024, Arkham made a post on X…

The post Fidelity Investments Expands Digital Asset Offerings To Include ‘Litecoin’ appeared first on Coinpedia Fintech News Fidelity Investments has expanded its digital asset offerings to include Litecoin (LTC), alongside Bitcoin and Ethereum. Litecoin is going strong with its performance compared to other cryptocurrencies, as it surpassed Dogecoin in transaction volume, averaging $2.85 billion in transactions over $100,000 daily, despite Dogecoin’s larger market cap. Currently, Litecoin trades at $72.9, with a 3.58% rise in the past 24 hours. Fidelity’s inclusion…

The post Fidelity Investments Expands Digital Asset Offerings To Include ‘Litecoin’ appeared first on Coinpedia Fintech News Fidelity Investments has expanded its digital asset offerings to include Litecoin (LTC), alongside Bitcoin and Ethereum. Litecoin is going strong with its performance compared to other cryptocurrencies, as it surpassed Dogecoin in transaction volume, averaging $2.85 billion in transactions over $100,000 daily, despite Dogecoin’s larger market cap. Currently, Litecoin trades at $72.9, with a 3.58% rise in the past 24 hours. Fidelity’s inclusion…

Fidelity Investments’ Director of Global Macro, Jurrien Timmer, explains the recent slowdown in Bitcoin adoption. While he acknowledges Bitcoin as “exponential gold” and a potential store of value, Timmer highlights the divergence between the deceleration in Bitcoin’s network growth and its price movements. Network Growth vs. Price Gains Timmer emphasized that Bitcoin’s price is primarily driven by its network growth, influenced by its scarcity, monetary and fiscal policies, and market sentiment. Despite Bitcoin’s price gains, its network growth has slowed.…

SEC deadline for Ethereum ETF decisions approaches, with Gary Gensler hinting at imminent announcements. SEC has approved eight Ethereum ETFs, signaling a significant regulatory breakthrough. Following CNF’s report that Ethereum has surpassed Mastercard in market capitalization, the focus is now on the SEC as it approaches a critical deadline. Today, the SEC must decide on at least one of the spot Ethereum ETF applications it is reviewing. After a period of minimal communication, the SEC requested that exchanges re-submit their…

The post Fidelity Files Updated S-1 Application for Spot Ethereum ETF Ahead of SEC Looming Deadline appeared first on Coinpedia Fintech News In a significant move for the cryptocurrency market, Fidelity has filed an updated S-1 application for its Spot Ethereum ETF. This has sparked speculation within the investment community, especially after the SEC recently asked Ether ETF issuers to update their 19b-4 filings. Fidelity Updates S-1 Form Fidelity, one of the world’s leading asset management firms, has recently filed…

New York-based Pine Ridge Advisers recently invested approximately $205 million in major U.S. Bitcoin spot ETFs, demonstrating the growth of institutional demand for cryptocurrency. Pine Ridge Advisers investment is part of a broader movement where various entities, including banks, corporations, and local governments across the United States, are legally purchasing Bitcoin through these financial instruments. This trend reflects a growing acceptance and interest in BTC among traditional financial institutions. Pine Ridge Advisers Invests $205 Million in 3 Bitcoin ETFs The…

As Bitcoin (BTC) matures into a staple of investment portfolios, the prevailing view of its volatility remains exaggerated mainly.  This overestimation could lead investors to misunderstand the risks and opportunities associated with this cryptocurrency. Fidelity Research Shows Investors’ Misconceptions on Bitcoin Volatility Despite the long-standing debate on its volatility, many investors still view it as far more unstable than traditional assets. Yet, recent data indicate it may be less volatile than previously believed, even when compared to high-profile stocks like…

Fidelity, the leading asset management firm, has announced that pension funds are considering investing in cryptocurrencies. The engagement of major asset management firms like Fidelity and BlackRock suggests a growing acceptance of cryptocurrencies among institutional investors. Pension plans are cautiously considering the potential of investing in cryptocurrency assets, though at a measured pace. Manuel Nordeste, vice president of Fidelity Digital Assets, unveiled this during an event in London. He highlighted that pension plans are initiating discussions with their investment committees…