Financial Giant Fidelity Files For New Bitcoin Fund
Plus surprise new accredited investor rules from the SEC
Happy Wednesday Blockfolians
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On to our Lede topic today!
With $8.3 trillion in customer funds, Fidelity is one of the largest and best known asset managers in the world. Forbes’ Michael Castillo broke the news today that the firm had registered a new bitcoin fund.
This is the key detail:
However, to give an idea of how Fidelity might eventually use the newly revealed fund, the firm recently published the results of a survey of 800 institutional investors from the U.S. and Europe, finding that 36% of respondents were already invested in digital assets, while 60% said digital assets had a place in their portfolio.
If you need more evidence that bitcoin is infiltrating the highest halls of the world of institutional finance, look no further.
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