Assets, Bitcoin

Does Fidelity Offer a Bitcoin Fund?

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. For example, the firm was an early adopter of mobile trading apps and robo-advisors.

Now, Fidelity is one of the leading financial firms exploring blockchain technology and its potential applications in the financial sector.

One area where Fidelity is looking at using blockchain is in the area of digital currencies. The firm has been actively researching bitcoin and other digital currencies for several years.

In 2015, Fidelity launched a bitcoin mining pool through its subsidiary, Fidelity Digital Assets Services. And in 2016, the firm began allowing clients to view their bitcoin holdings on Fidelity’s website.

So far, Fidelity has not launched a dedicated bitcoin fund for its clients. However, the firm has been clear that it is interested in offering such a product if there is sufficient demand from its clients.

In an interview with CNBC in 2018, Fidelity CEO Abby Johnson said that the firm was “looking at [bitcoin] very carefully” and was “thinking about how we could serve our customers in that space.”.

Given Fidelity’s history of innovation and its early foray into digital currencies, it seems likely that the firm will eventually offer a bitcoin fund for its clients who are interested in investing in this emerging asset class.

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