Investor Focus Misdirects Fidelity ‘Bitcoin First’ Report
A recent report from financial services giant Fidelity captures Bitcoin as an asset class of its own, but fails to recognize its true potential.On January 18, financial services giant Fidelity published “Bitcoin First: Why Investors Need To Consider Bitcoin Separately From Digital Assets,” written by Director Of Research Chris Kuiper and Research Analyst Jack Neureuter.For many in the space, institutional recognition of bitcoin being a separate entity from what is commonly referred to as “crypto” was seen as a net-positive for Bitcoin. Fidelity should be commended for this recognition, and....
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Fidelity Digital Assets has released a report explaining why bitcoin is a superior form of money. The report discusses the future of the digital asset ecosystem and compares bitcoin to newer and smaller cryptocurrencies.
Fidelity Says ‘Bitcoin First’
Fidelity Digital Assets, a subsidiary of Fidelity Investments, published a report this week titled “Bitcoin First: Why investors need to consider bitcoin separately from other digital assets.”
The report addresses some concerns investors have including whether bitcoin “may be vulnerable....
While Fidelity hasn’t yet confirmed rumors it will launch retail Bitcoin trading, the firm said enabling broader access to digital assets remained a key area of focus. $4.2 trillion asset management firm Fidelity Investments is reportedly working towards offering Bitcoin trading services to its 34.4 million retail investor base, according to Galaxy Digital CEO Mike Novogratz and people familiar with the matter. While Fidelity hasn’t officially confirmed plans to incorporate crypto onto its retail platform, Novogratz told a conference audience in New York on Sept. 12, that the move may be....
International investment firm Fidelity Investments has decided to invest in metaverse companies. Fidelity Investments has now launched four new exchange-traded funds (ETFs) which would focus on two new products in order to tap into the incipient Web3 space. The ETFs shall focus on three broad criteria namely, cryptocurrencies, the metaverse and environmental, social and governance […]
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 […]
The institutional buy-in through major banks and adjacent firms continues this week. Fidelity Digital is the company’s enterprise-grade solution for digital assets. In a recent story first broken by Bloomberg this week, crypto demand is leading the Fidelity division to expand staffing by roughly 70%. Fidelity Digital: Doubling Down The report cites an interview with […]