Tag Archives: fidelity

Fidelity –  a $4.5 trillion asset manager– said this fall that some of its 401(k) retirement plans have begun adding Bitcoin to their investment menus. Similarly, San Francisco-based 401(k) provider ForUsAll said that 50 of its 550 clients started letting workers put their retirement savings in Bitcoin and Ethereum about eight weeks ago.  Here’s what market participants have to say about the emerging trend. Crypto for Retirement: Is it Popular? When Fidelity first announced...

Investment giant Fidelity appears to finally be granting its retail investors access to Bitcoin and Ethereum trading.  The $4.5 trillion asset manager has established an early access waitlist for users to trade both assets, bringing potential crypto access to 34 million investors. The service, titled Fidelity Crypto, will also provide investors with beginner-friendly educational resources about the crypto industry. Users will be able to trade stocks within the same app....

On Oct. 27, the portfolio and asset manager published its “2022 Institutional Investor Digital Assets Study,” an annual report shedding light on the crypto industry from an institutional perspective. The research revealed that the market is now well-positioned to weather the macroeconomic headwinds it has faced in recent months. Fidelity Digital Assets President, Tom Jessop, commented: “We believe that digital assets fundamentals remain strong and that the...

Fidelity Digital Assets – the cryptocurrency subsidiary of the finance giant Fidelity Investments – will allow its institutional clients to trade Ether (ETH). The service will be available on the company’s crypto platform from October 28, 2022. Fidelity Expands its Crypto Scope Earlier this month, the company doubled down on its cryptocurrency efforts by introducing an Ethereum Index Fund. In a recent Twitter announcement, Fidelity Digital Assets revealed the launch of...

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Fidelity Investments doubled down on its cryptocurrency efforts after its brokerage arm – Fidelity Brokerage Services LLC – offered an Ethereum Index Fund to clients. The product has raised around $5 million since sales started at the end of September, while outside investors can participate in the initiative with a minimum investment of $50,000. Fidelity’s Next Crypto Step One of the largest entities in its field (with over $4.5 trillion in assets under management) received...

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A group of leading venture capital firms and broker-dealers announced the creation of the cryptocurrency platform – EDX Markets (EDXM). The launch received support from giant finance players, including Citadel Securities, Fidelity Digital Assets, Charles Schwab, Sequoia Capital, Paradigm, and Virtu Financial. The Plan Came to Existence At the beginning of the summer, market makers Citadel Securities and Virtu Financial teamed up with retail brokerage firms Fidelity Investment...

The asset management firm Fidelity is reportedly weighing plans to bring Bitcoin trading to individual investors on its brokerage platform.  If true, this would give 34.4 million retail customers at Fidelity access to the largest cryptocurrency by market cap.  Fidelity’s Next Bitcoin Foray The claim is according to people familiar with the matter who were contacted by the Wall Street Journal.  It was also predicted by Galaxy Digital CEO Mike Novogratz, who said that...

Rick Synrod – a former executive with 401k and retirement giant Fidelity – will take over as the new chief operations officer for Bitcoin IRA, a digital currency platform that allows people to place their retirement funds in crypto. Rick Synrod Will Join Hands with Bitcoin IRA Synrod will be responsible for overseeing digital asset operations in his new role. He will also monitor processes, policies, and strategies designed to make Bitcoin IRA reach its financial goals....