Fidelity to Launch Its Own Stablecoin
In early February, Fidelity will introduce its own “stablecoin” under the ticker FIDD on the Ethereum blockchain.Fidelity Investments is a multinational financial services corporation.
Fidelity to Launch Its Own Stablecoin
In early February, Fidelity will introduce its own “stablecoin” under the ticker FIDD on the Ethereum blockchain.
Fidelity’s Stablecoin Ambitions Revealed by FT
Fidelity Investments is preparing to launch its own stablecoin to strengthen its presence in the digital asset market, according to Financial Times, citing its sources. Insiders indicate that the “stable coin” is in the final stages of testing and will serve as a digital cash equivalent for crypto transactions. The project will be managed by […]
Fidelity Files for Tokenized Fund Launch
Fidelity, one of the largest issuers of crypto ETFs, has submitted documents to the SEC for the registration of a tokenized version of its U.S. money market fund, the Fidelity Treasury Digital Fund (FYHXX). Launched last year, the fund holds dollars and U.S. Treasury securities. The on-chain version uses the Ethereum blockchain to store information […]
Fidelity analysts see no long-term threat to Bitcoin mining
The decline in bitcoin miners’ transaction revenue may prove long-lasting. But it does not threaten the blockchain’s security, according to Fidelity. ? Is it “too late” to enter the digital assets market? Our 2025 Look Ahead shares our team’s answer and highlights potential opportunities emerging from the approval of spot digital asset ETPs and a […]
Fidelity calls Solana a ‘serious competitor’ to Ethereum
Over the long term, Ethereum’s strong fundamentals matter more than Solana’s speed and low costs, according to a Fidelity report. As the bull market develops, investors will pay closer attention to this, the analysts noted. For the blockchain of the second-largest cryptocurrency by market capitalisation, the firm highlighted high developer activity, TVL and the supply […]
Spot bitcoin ETFs see the largest outflow in three weeks
On January 8, outflows from spot bitcoin exchange-traded funds totaled $582.9 million. Over the preceding four days, investors had put $1.95 billion into the products. Data: SoSoValue. The largest outflow was from Fidelity’s FBTC ($285.7 million) — the biggest on record. Cumulative inflows since the approval of BTC ETFs in January reached $36.37 billion. AUM […]
Fidelity says national adoption of bitcoin will spur crypto markets in 2025
In 2025, the first cryptocurrency is expected to be added to the strategic reserves of several countries, a development that would give a significant lift to the digital-asset market, according to a report by Fidelity Digital Assets. “More and more governments, central banks, sovereign wealth funds and treasuries are seeking to take strategic positions in […]
BlackRock and Fidelity Acquire $500 Million in Ethereum for ETFs Over Two Days
BlackRock’s iShares Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH) purchased $500 million worth of Ethereum between December 10 and 11, according to data from Arkham. PAST 48 HOURS: BLACKROCK AND FIDELITY BOUGHT OVER HALF A BILLION USD OF ETH pic.twitter.com/44N5mRAT5O — Arkham (@arkham) December 11, 2024 BlackRock and Fidelity acquired the coins through Coinbase […]
US Tokenized Treasury Market Predicted to Reach $2.7 Billion
The market for tokenized US Treasury obligations is expected to reach between $2.12 billion and $3.93 billion by the end of the year. DAO investments could become a key driver for sector growth. Fidelity is considering launching a stablecoin. The market for tokenized US Treasury obligations could reach $2.66 billion by the end of 2024, […]
Fidelity Suggests Allocating 1–5% of Capital to Bitcoin
Most market participants should hold positions in Bitcoin, regardless of their beliefs, according to Matt Horn, head of digital asset strategies at Fidelity Investments, speaking on CNBC. The expert addressed the issue of analysis paralysis, which plagues many traditional investors and asset managers when it comes to cryptocurrency investments. “It’s challenging because many professionals can […]
Fidelity’s Spot Ethereum ETF Listed by DTCC
Fidelity’s spot Ethereum ETF has been listed by DTCC. BlackRock has submitted an updated S-1 form. Cathie Wood described the SEC’s approval of spot Ethereum funds as a political decision. The Depository Trust & Clearing Corporation (DTCC) has listed a spot price-based Ethereum exchange-traded fund by Fidelity Investments. The product, named Fidelity Ethereum FD Beneficial […]
Fidelity Reports Surge in Bitcoin Wallets Holding Over $1000
By mid-March, the number of bitcoin wallets containing more than $1000 had surged to a record 10.6 million, doubling since 2023. This was revealed in a report by Fidelity Digital Assets. Dynamics of wallets with balances over $1000. Source: Fidelity. “This may indicate the growing adoption of bitcoin by the ‘average’ person. The metric points […]We use cookies to improve the quality of our service.
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