Table of contents

  • Fidelity Investments Can Get Into Bitcoin!

  • Fidelity’s Crypto Initiatives

  • Fidelity Investments is expected to make an offer to acquire Grayscale and file for a Bitcoin ETF in the near future.

  • According to foreign sources, Fidelity may take action to acquire Grayscale, the world’s largest digital asset management company.

  • This step is not Fidelity’s first in the crypto market. Fidelity Investments operates its digital asset business under the name Fidelity Digital Assets.

Claims that the world’s third-largest asset manager will acquire Grayscale and apply for a Bitcoin ETF caused a stir in the community.

Fidelity Investments Can Get Into Bitcoin!

Fidelity Investments, the world’s third-largest asset manager with $4.2 trillion in assets under management, is expected to make an offer to acquire Grayscale and apply for a Bitcoin ETF in the near future.

According to foreign sources, Fidelity may take action to acquire Grayscale, the world’s largest digital asset management company. Grayscale is a digital asset management company that has been operating since 2013 and manages over $5 billion in assets.

In addition to the offer to acquire Grayscale, the community was also surprised by the statement that Fidelity would apply for a spot Bitcoin ETF. This week, BlackRock, the world’s largest asset manager, was said to be applying for a Bitcoin ETF, and then BlackRock applied for a spot Bitcoin ETF.

The SEC has not yet responded to BlackRock’s application, but so far 575 of BlackRock’s ETF applications have been approved. While the approval of BlackRock’s Bitcoin ETF application is under debate, claims that Fidelity will apply for a Bitcoin ETF have reignited hopes in the cryptocurrency market.

Fidelity’s Crypto Initiatives

This step is not Fidelity’s first in the crypto market. Fidelity Investments operates its digital asset business under the name Fidelity Digital Assets. Fidelity Digital Assets launched Ethereum (ETH) trading services for institutional clients in 2022.

In 2022, Fidelity International listed its Bitcoin ETP on Deutsche Börse and SIX Swiss Exchange. In 2014 of the same year, Fidelity’s sales president stated, “We have been mining Bitcoin and accumulating BTC since <>.

Considering Fidelity’s moves towards Bitcoin and cryptocurrencies, it doesn’t seem impossible to claim that they will file for an ETF.