Fidelity Approved To Become Canada’s First Institutional Bitcoin Custodian
The firm was approved by Canadian regulators to launch a bitcoin custody and trading platform catered for institutional investors.Fidelity has been approved by Canadian regulators to become the country’s first bitcoin custodian.The move paves the way for more Canadian institutions to invest in bitcoin, including pension funds, portfolio managers, mutual funds, and ETFs.Fidelity will launch its service in the form of a bitcoin trading and custody platform catered to institutional investors.Fidelity Canada has been given the green light by regulators to function as the country’s first....
Related News
Fidelity has secured Canada’s selection from regulators to become the country’s first-ever bitcoin custodian. The move will allow the financial services firm to operate bitcoin custody and trading in the country, geared towards institutional investors. Additionally, the move will likely open the door for more Canadian institutions to invest in crypto. First-Mover Fidelity Fidelity Clearing Canada (FCC) unveiled a press release on Wednesday showcasing the announcement. The release quickly notes that FCC is “Canada’s first Investment Industry Regulatory Organization....
A recent survey from Fidelity shows 58% of institutional investors already own cryptocurrency. Related Reading: By The Numbers: Comparing Bitcoin Volatility With Nasdaq And S&P500 Institutional Investor Presence In Crypto Sector Continues To See Growth This Year As per data from an institutional investor digital assets study by Fidelity, digital asset ownership among these investors […]
In a filing with the U.S. Securities and Exchange Commission (SEC), asset management firm Fidelity indicated their intention to create a Bitcoin exchange-traded fund (ETF). The Wise Origin Bitcoin ETF is the latest addition to the growing number of ETFs looking to launch crypto-based financial products in the United States. If approved, the ETF will utilise Fidelity’s in-house BTC price index alongside the firm’s Digital Assets arm. Fidelity stated that its “objective is to seek […]
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 Investments, released its fourth annual “Institutional Investor Digital Assets Study” Thursday. The study features a blind survey conducted between Jan. 2 and June 24. A total of 1,052 institutional....
Fidelity submitted paperwork for the Wise Origin Bitcoin Trust on Wednesday. If approved, the Trust would be the first Bitcoin ETF to launch in the United States. Fidelity Investments, the $4.9 trillion asset manager, has filed paperwork with the United States Securities and Exchange Commission, or SEC, to list a new Bitcoin (BTC) exchange-traded fund. The Wise Origin Bitocin Trust was filed with the SEC on Wednesday, according to a Form S-1 Registration Statement that appeared on the regulator’s website. The ETF aims to track the digital currency’s daily performance using the Fidelity....