Fidelity, a major financial services firm, says pension funds are starting to explore investing in Bitcoin, particularly after the approval of spot Bitcoin exchange-traded funds earlier this year. BREAKING: Wall Street giant Fidelity says pension funds are beginning to explore #Bitcoin and crypto Gradually, then suddenly 🚀 pic.twitter.com/8vBz4Bf02t — Bitcoin Magazine (@BitcoinMagazine) May 3, 2024 Fidelity has…
When Fidelity Investments filed for the Ether ETF last year, the asset manager noted a court ruling where judges said the SEC failed to find a cogent reason to reject spot crypto ETF. The United States Securities and Exchange Commission (SEC) has delayed its decision for Fidelity Investment’s Ether ETF bid. Announcing the update on the 18th…
Home pages of some spot Bitcoin ETF issuers now boldly show visitors that these funds are available to all interested members of the public. Several spot Bitcoin (BTC) issuers have added their ETF to the main pages on their respective websites. Visitors can now see the option to buy into a spot Bitcoin ETF on…
Fidelity Digital suggests that 2024 might witness a resurgence of institutional interest in DeFi yields. In its recently released 2024 Digital Assets Look Ahead report, asset manager Fidelity Investments predicts a potential resurgence of institutional interest in Decentralized Finance (DeFi) and stablecoins, based on the Federal Reserve‘s anticipated interest rate cuts. Stablecoins and Institutional Adoption…
The latest report also suggests that Jane Street Capital will be the “authorized participant” for the Bitcoin ETFs of Fidelity. Two proposed Bitcoin exchange-traded funds (ETFs) have outlined their fee structures in the event of approval, according to a report from Fortune. Fidelity Investments plans to charge holders of its Wise Origin Bitcoin Trust a…
As the SEC engages in detailed discussions with investment giants like BlackRock and Fidelity, the potential approval of a spot Bitcoin ETF seems to be moving closer to reality. The crypto market is abuzz following recent revelation that the Securities and Exchange Commission (SEC) engaged in discussions with major investment firms BlackRock Inc (NYSE: BLK)…
The forthcoming MiCA regulation aims to introduce a uniform set of rules and guidelines for crypto assets that currently operate outside the scope of traditional financial regulations. Fidelity Investments, one of the leading asset management companies in the United States, plans to establish its presence in Europe through its crypto subsidiary Fidelity Digital Assets. The…
Bitcoin is enjoying price spikes and increased trading volumes as Fidelity and others amend proposals while the market awaits an approval. The price of Bitcoin (BTC) hit $28,817 today in response to amendments to spot Bitcoin ETF applications submitted to the United States Securities and Exchange Commission (SEC). However, as of this writing, Bitcoin has…
The SEC has just delayed BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise, and Valkyrie’s spot Bitcoin ETF applications, as first reported by Bloomberg ETF analysts James Seyffart and Eric Balchunas. This was the first SEC decision deadline in the listing process for these applicants since filing, with the delays pushing these applications back another 45…
skynesher Investment Thesis Fidelity National Financial (NYSE:FNF) is an insurance company providing a wide range of insurance, financial services, and technical solutions. Through dedicated investment to diversify the business, FNF has utilized its market-leading position in title insurance to expand. Despite persistent weakness in the commercial real estate market and a still-recovering housing market, FNF…