Tag: Fidelity Digital Assets

Fidelity Approved As Canada’s First Crypto Custodian, Is A Bitcoin ETF Next?

Incoming reports from The Globe and Mail suggest that regulators may have just given the nod for Fidelity Canada to start functioning as the country’s first bitcoin custodian. Fidelity Investments Leverages High Investment Interest In Digital Assets The firm was reportedly approved by the Investment Industry Regulatory Organization of Canada (IIROC) in a bid to […]

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Fidelity’s Director Expects Further Gains for Bitcoin (BTC) Comparing It to 1970s Gold Rally

After hitting an all-time high of $67,000 earlier this week, Bitcoin has retraced nearly 10% and is trading close to $61,000 levels as of press time. While Bitcoin retracements are not new, markets analysts continue to believe in the Bitcoin story. Fidelity’s director of Global Macros, Jurrien Timmer, predicts that the BTC price will continue […]

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Fidelity Digital finds 90% of surveyed investors find digital assets appealing

Fidelity Digital finds 90% of surveyed investors find digital assets appealing

Fidelity Digital Assets, the crypto-focused wing of global asset manager Fidelity, has published the results of a survey that interviewed 1,100 investors across the globe.  The study surveyed 408 American, 299 Asian, 393 European investors on their investment behavior and view of digital assets such as cryptocurrency. Of the survey participants, 312 were financial advisors […]

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Fidelity Pushed the U.S. SEC for a Bitcoin ETF In a Private Meeting

Well, institutional players are using all the muscle to convince the regulators in getting the first Bitcoin exchange-traded fund (ETF) in the U.S. market. As per the latest Bloomberg report, Fidelity Investments pushed the U.S. Securities and Exchange Commission (SEC) to consider a Bitcoin ETF in its recent private meeting with the SEC. President of […]

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Fidelity Investments Engages With Regulators to Bring Crypto Assets Mainstream

Fidelity Investments Engages With Regulators to Bring Crypto Assets Mainstream

The president of Fidelity Digital Assets, the crypto arm of Fidelity Investments, says that crypto is “its own unique asset class.” He revealed, “We and others are very engaged with regulators … to bring this asset class into the mainstream.” Fidelity Sees Long-Term Interest in Crypto Assets Among Institutional Investors Fidelity Digital Assets President Tom […]

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Fidelity Investments Purchases 7.4% Stake in Bitcoin Mining Firm Marathon

Fidelity Investments Purchases 7.4% Stake in Bitcoin Mining Firm Marathon

Marathon Digital Holdings has published the company’s bitcoin production and mining operation updates for the month of July and bitcoin production increased 66% month-over-month. Furthermore, the financial services giant Fidelity Investments purchased a 7.4% stake in Marathon in July, spending around $20 million for the shares. Fidelity Investments Scoops Up Shares of Marathon for $20 […]

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Goldman Sachs Survey Shows Family Offices Are Flocking to Crypto Investments

Goldman Sachs Survey Shows Family Offices Are Flocking to Crypto Investments

High net-worth families are turning to cryptocurrency investments, according to a recent Goldman Sachs survey that found close to half of the company’s family office clients are inquisitive about crypto-asset investments. A Goldman Sachs executive further said that a large portion of the company’s family office clients are asking about blockchain and cryptocurrency technologies. Following […]

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Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests

Majority of Institutions to Hold Digital Assets in Near Future, Survey Suggests

Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments. Poll Confirms Strong Institutional Interest in Digital Assets Despite the uncertain regulatory […]

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Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’

Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’

According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum. Crypto Demand Pushes Fidelity […]

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Fidelity Digital Assets plans big headcount boost in response to institutional interest in crypto

Fidelity Digital Assets plans big headcount boost in response to institutional interest in crypto

Fidelity Digital Assets, the crypto-focused arm of the asset manager Fidelity, plans on hiring as many as 100 employees to bolster cryptocurrency projects in response to institutional demand in crypto, reports Bloomberg.  Fidelity Digital Assets president Tom Jessop told Bloomberg that the firm intends on hiring employees in its Dublin, Boston and Salt Lake City […]

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