Fidelity

The financial sector is seeing a significant shift as pension funds begin exploring crypto investments. This trend is driven by the recent approval of spot Bitcoin exchange-traded funds (ETFs). Fidelity Investments recently introduced a Bitcoin ETF that has attracted substantial institutional investors’ attention. Rising Institutional Interest in Bitcoin Manuel Nordeste, Vice President of Digital Assets at Fidelity, spoke about the rising interest that institutions have shown toward cryptocurrency-based financial products. “Now, we’re starting to have conversations with the larger, real…

Bitcoin’s deflationary and decentralized nature is driving its price higher, with predictions of exponential growth by top analysts like Jurrien Timmer of Fidelity Investments. Timmer’s projection of a $1 billion valuation by 2038 is based on Metcalfe’s law. NuggetRush (NUGX) is a rapidly growing cryptocurrency with a unique blend of utilities, including integration with gold and artisanal mining. Its play-to-earn (P2E) games on the Ethereum blockchain offer investors accessibility and transparency. As the crypto market continues to transform and innovate,…

As a routine measure, the SEC has opened for public comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. Although there is increasing concern about the status of ETH according to experts this might not hinder the approval of its ETF. The U.S. SEC has opened comments on the proposed Ethereum ETFs from Grayscale, Fidelity, and Bitwise. The comments apply to the proposed rule change that two exchanges – Cboe BZX and NYSE Arca – will list and…

The most resounding event in the industry this week was the sentencing of former FTX CEO and crypto golden child Sam Bankman-Fried, who has received 25 years of imprisonment. Let’s find out more.  Ethereum   Asset management firm Fidelity has submitted a proposal for a spot Ethereum ETF with staking to the SEC following the success of the first spot Bitcoin ETF.  Consensys, the parent company of self-custody wallet MetaMask, has urged the SEC to approve a spot Ethereum ETF,…

Asset management firm Fidelity has submitted a proposal for a spot Ethereum ETF with staking to the Securities and Exchange Commission following the success of the first spot Bitcoin ETF.  The Fidelity Ethereum Fund will track the performance of Ethereum and will incorporate a unique staking feature.  Fidelity Files for Ethereum ETF  Fidelity’s application comes after the Securities and Exchange Commission approved spot Bitcoin ETFs, with Fidelity being one of the pioneering issuers. The approval of spot Bitcoin ETFs helped…

Leading investment firm Fidelity is set to offer its massive customer base the chance to trade Bitcoin through its online brokerage service. The news emerged via a report from Wall Street Journal which highlighted sources with ties to the company.  Speculation is Still Ongoing Fidelity manages roughly 34.4 million brokerage accounts, making it one of the biggest investment management firms globally. According to reports, the company is considering bringing BTC trading options to its retail investors. Such a move would…

The financial services giant Fidelity is putting more money in cryptocurrency-related services, despite the recent market downturn. President Tom Jessop has confirmed that the firm will start developing services for cryptocurrencies besides Bitcoin, such as Ethereum trading. Unphased by the Bear Market As reported by the Wall Street Journal, Fidelity Digital Asset Services plans to hire 110 engineers with blockchain expertise. It will also bring 100 customer service specialists to the team. The new hires will have to help launch…

Last month, Fidelity announced that it would begin allowing customers to include Bitcoin in their 401(k) retirement accounts. However, as with most things crypto-related, US Senator Elizabeth Warren is highly skeptical of the idea. Questioning Fidelity The senator issued a letter to Fidelity CEO Abigail Johnson on Wednesday, questioning the “appropriateness” of her company’s decision. Warren claimed that cryptocurrencies pose risks of “fraud, theft and loss,” citing the Department of Labor’s warning to 401(k) fiduciaries. The labor department’s warning was…

Amid a sea of over 17,000 cryptocurrencies today, Fidelity still considers Bitcoin unique from the crowd. The $4 trillion asset manager recently released a report arguing that Bitcoin is a superior monetary good to all other cryptos. That said, it highlights other cryptocurrencies and chains as thriving in different market niches. Therefore, they are complementary – not competitive – to Bitcoin. Bitcoin is One-of-a-Kind Fidelity’s report – titled “Bitcoin First” – was posted to its site on Monday by Chris…