‘The Great Accumulation’ of Bitcoin has begun, says Gemini’s Winklevoss
With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.” Go to Source Powered by WPeMatico
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BlackRock’s Bitcoin ETF ‘is the best thing to happen’ to BTC, or is it?
Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover. Go to Source Powered by WPeMatico
MicroStrategy stock price more than doubles in 2023 in lockstep with Bitcoin
Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment. Go to Source Powered by WPeMatico
Fidelity downsizes value of its Twitter holdings
Fidelity has downsized the value of its investment in Twitter by more than half its initial stake in Elon Musk’s takeover of the social media platform. Go to Source Powered by WPeMatico
Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity’s Crypto and Metaverse Trademark Applications Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last … Read more
Fidelity plans NFT marketplace and financial services in the Metaverse
Newly filed trademark applications outline a long list of possible avenues for the firm in the Metaverse. Go to Source Powered by WPeMatico
Institutional investors are buying through crypto winter: Survey
Institutional investors continue to see the long-term potential of crypto and have been loading their bags throughout the year, according to a survey. Go to Source Powered by WPeMatico
US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry
Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson. US Senators Want Fidelity to Stop Offering Bitcoin in Retirement Plans Three … Read more
Fidelity Investments Launching Commission-Free Retail Crypto Trading for Bitcoin and Ether
Fidelity Investments, one of the world’s largest brokerage firms with $9.9 trillion in assets under administration, is launching Fidelity Crypto, a service that allows retail investors to trade bitcoin and ether commission-free. “A meaningful portion of Fidelity customers are already interested in and own crypto,” the firm said. Fidelity Investments to Begin Offering Crypto Trading … Read more
Fidelity: 74% of Institutional Investors Surveyed Plan to Invest in Digital Assets
A new study by Fidelity Digital Assets, a subsidiary of financial giant Fidelity Investments, shows that 58% of institutional investors surveyed invested in digital assets in the first half of this year and 74% plan to invest in the future. Fidelity’s Institutional Investor Digital Assets Study Fidelity Digital Assets, a subsidiary of financial giant Fidelity … Read more