If you’re looking for a one-stop shop when it comes to your finances, you may be wondering if Fidelity Investments offers cryptocurrency services. Unfortunately, at this time Fidelity does not offer any direct way to purchase or hold Bitcoin or any other digital currency.
However, there are some indirect ways that you can gain exposure to cryptocurrency through Fidelity.
One option is to invest in the Winklevoss Bitcoin Trust, which is an exchange-traded fund (ETF) that tracks the price of Bitcoin. The Winklevoss brothers, who are best known for their involvement in the early days of Facebook, are behind this ETF.
While you can’t directly hold Bitcoin with Fidelity, you can own shares of the Winklevoss ETF and gain exposure to the cryptocurrency.
NOTE: WARNING: It is important to note that Fidelity does not currently offer the ability to purchase, sell, or hold Bitcoin directly. While Fidelity has expressed interest in entering the crypto space, they have yet to make any official announcements. As such, it is important to exercise caution when considering investing in Bitcoin through Fidelity.
Another option is to invest in a company that is involved in the cryptocurrency space. For example, you could invest in an online retailer that accepts Bitcoin as payment or a company that manufactures cryptocurrency mining equipment.
While these companies are not directly involved in the buying and selling of Bitcoin, they are likely to benefit from the growth of the digital currency.
At this time, there is no direct way to hold Bitcoin at Fidelity Investments. However, there are some indirect ways to gain exposure to the cryptocurrency.
You can invest in an ETF that tracks the price of Bitcoin or a company that is involved in the cryptocurrency space.
5 Related Question Answers Found
As the world’s largest asset manager, Fidelity Investments has been closely watched for its stance on cryptocurrencies. The company first allowed clients to view their bitcoin and cryptocurrency holdings through its website in August 2017. In October 2017, Fidelity added the ability for clients to track their cryptocurrency balances alongside other Fidelity account holdings such as stocks and mutual funds.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Fidelity Investments is one of the world’s largest asset managers with over $2.46 trillion in assets under management (AUM) as of December 31, 2019. The firm offers investment management, retirement planning, estate planning, financial planning, and brokerage services to individuals, families, and institutions. Fidelity does not currently offer trading in Bitcoin or any other cryptocurrency.
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Fidelity Investments is one of the world’s largest financial services firms, with over $2.5 trillion in client assets. The company offers a wide range of investment products and services, including traditional brokerage and retirement accounts, as well as more specialized offerings such as hedge funds and venture capital. In recent years, Fidelity has been at the forefront of integrating new technologies into its investment offerings.
