Tag: Fidelity

Asset management giant Fidelity has launched its Solana exchange-traded fund (ETF), a new investment product focused on SOL

Fidelity intends to fund its next "Fidelity Ethereum Fund" with $4.7 million, indicating a strong belief in cryptocurrency.

Matt Horne, the head of digital asset strategies at Fidelity Investments, stated the potential benefits of BTC as a hedge against inflation.

Fidelity maintains a positive short-term outlook for Bitcoin, citing the absence of extreme indicators seen during bull market peaks.

Fidelity will stake a portion of the ETF's assets through trusted staking providers, though the specific provider was not disclosed.

It has only been a month since the spot Bitcoin offerings were approved by the United States Securities and Exchange Commission (SEC).

The spot Bitcoin ETFs from the BlackRock and Fidelity have secured more than $3 billion in assets in the first 17 trading days.

The spot Bitcoin ETF by BlackRock has soared to remarkable heights, recording over $3.19 billion in inflows as of February 5th.