Assets, Ethereum

Can I Buy Ethereum on Fidelity?

Fidelity Investments is one of the largest asset managers in the world with over $2.46 trillion in assets under management (AUM) as of December 2019.

The firm offers a variety of investment products and services to its clients, including equity and fixed income investment products, as well as retirement planning and wealth management services.

Fidelity does not currently offer direct investment in Ethereum but it does offer indirect exposure to Ethereum through its cryptocurrency-related investments products. For example, Fidelity offers a Bitcoin Investment Trust (GBTC) which tracks the price of Bitcoin and trades on the OTCQX market.

GBTC is currently the only cryptocurrency-related investment product offered by Fidelity.

NOTE: WARNING: It is not currently possible to purchase Ethereum directly from Fidelity. You can, however, use Fidelity as a platform to purchase other cryptocurrencies such as Bitcoin and then transfer those funds to an exchange where you can then purchase Ethereum. Be aware of the risks associated with trading cryptocurrencies, as they are highly volatile and your investment could lose value.

If you are looking for direct exposure to Ethereum, you can purchase Ethereum through a digital currency exchange such as Coinbase or Gemini. You can also purchase Ethereum through a peer-to-peer marketplace such as LocalEthereum.

Digital currency exchanges and peer-to-peer marketplaces offer investors a way to buy and sell Ethereum directly with other investors. These platforms typically charge a commission or transaction fee for each trade.

When buying or selling Ethereum on these platforms, it is important to remember that you are dealing with other investors who may not have the same investment objectives as you do. It is important to carefully review the terms of use and risk disclosures of each platform before deciding to trade on them.

Investors cannot directly purchase Ethereum through Fidelity Investments but they can indirectly gain exposure to Ethereum through Fidelity’s cryptocurrency-related investments products like GBTC. Digital currency exchanges and peer-to-peer marketplaces offer investors a way to buy and sell Ethereum directly with other investors.

These platforms typically charge a commission or transaction fee for each trade.

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