Fidelity, one of the biggest asset manager in the world, has bought more than $5 million worth of eth for their client.
Chris Tyrer, the Head of Fidelity Digital Asset Management, stated $5,018,184 was raised from just one client for the Ethereum Index Fund.
It’s unclear who the client is, with this being a relatively small sum, but the fund launched only recently.
They used to be primarily focused on bitcoin, with $60 million raised recently for their Wise Origin Bitcoin Index Fund, but a spokesperson says:
“Fidelity recognizes the need for a diverse set of products and solutions that help customers gain exposure in a manner that aligns with their distinct financial objectives and risk tolerance. We have continued to see client demand for exposure to digital assets beyond bitcoin.”
Ethereum has somewhat stabilized recently in price, alongside with bitcoin, raising the prospect that investors may be considering the assets once again.
NYDIG for example raised a whooping $700 million for their Institutional Bitcoin Fund last week, the biggest sum in two years.
Whether that indicates a trend remains to be seen, but institutional investors are being a bit less quiet after months of awol.
#bitcoinworld #bitcoingermany
#bitcointrader #bitcoininvestor
#bitcoineurope #cryptomoney
#invest #news #ethereum #eth
#bitcoinart #crypto
#blockchain #bch
#binance #bitcoins
#cryptoinvestor #cryptopsy
#bitcoinbrasil #blockchainconference
#bitcoininvestors #cryptoacademy #academy
When staking period ends vs the price of coin you staked🤣
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#hodl #crypto #cryptocurrency #solana #cardano #bitcoin #ethereum #btc #satoshi #cryptonews #binance #satoshinakamoto #btcmemes #tsla #wallstreetbets #stonks #cryptoinvestor #bullrun #metaverse #defi #nft #dogecoin #luna
Be careful when you attack #Bitcoin
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#hodl #crypto #cryptocurrency #solana #cardano #bitcoin #ethereum #btc #satoshi #cryptonews #binance #satoshinakamoto #btcmemes #tsla #wallstreetbets #stonks #cryptoinvestor #bullrun #metaverse #defi #nft #dogecoin #luna #cryptonews #cryptotrader
Stay dedicated...💯
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#invest #trading #forex #dedication #pips #stocktrading #analysis #crypto #motivation #office #technical #work #setupstrading #entrepreneur #currencies #stocks #daytrader #forextrader #forexlifestyle #fxtrader #forextips #trader
Buying things with Bitcoin will only get easier!
People usually say that spending Bitcoin is too slow. What they forget is that Bitcoin is code, so it can always be improved.
Today we see a five-year old using Bitcoin Lightning to buy ice cream.
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#crypto #bitcoin #btc #payment #icecraem #ice #cryptoacademy
Layer-1 blockchain developer Aptos Labs has closed a $150 million funding round to further its ambitions in the Web3 space, further highlighting venture capital’s appetite for budding crypto-focused startups.
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#crypto #news #raise #funds #bitcoin #btc #blockchain #cryptoacademy
Where do you sit in these options? Option 1, 2 or 3?
Let us know 🙌
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#crypto #portfolio #market #good #bad #dollar #million #crash #wallet #bitcoin #btc #ethereum #eth #cryptoacademy
Hardware Wallet company ledger released some new colors to their collection.
~Ledger Nano X new colors(Blazing Orange, Cosmic Purple)
~Ledger Nano S Plus(BTC Orange, Ice, Deepsea Blue, Mystic white)
What's your favourite colour?
#crypto #ledger #color #cryptoacademy
After the merge, the Ethereum network founder Vitalik Buterin stated that a lot more updates were on the way.
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#crypto #news #ethereum #vitalik #blockchain #eth #transactions #cryptoacademy
Do you agree?🤔
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#crypto #bitcoin #tweet #cryptoacademy
FTX is close to acquiring US-based lending platform BlockFi
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#crypto #news #cryptonews #ftx #blockfi #cryptoacademy
IOHK had successfully released and tagged the Cardano node 1.35.0
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#crypto #news #cardano #released #ada #cryptoacademy