{"id":32586,"date":"2022-10-20T10:45:21","date_gmt":"2022-10-20T10:45:21","guid":{"rendered":"http:\/\/egrowonline.com\/?p=32586"},"modified":"2022-10-20T10:45:21","modified_gmt":"2022-10-20T10:45:21","slug":"4-5t-asset-manager-fidelity-offers-eth-custody-and-trading-to-clients","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=32586","title":{"rendered":"$4.5T asset manager Fidelity offers ETH custody and trading to clients"},"content":{"rendered":"


\n
<\/p>\n

\n

Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer\u00a0Ether (ETH<\/a>) custody and trading services to its institutional clients later this month.\u00a0<\/p>\n

According to an email to Fidelity\u2019s customers shared<\/a> on Twitter, the crypto arm announced new \u201cInstitutional Ethereum capabilities\u201d for institutional investors starting on Oct. 28, 2022. <\/p>\n

\n

Fidelity Digital Assets just sent an email to customers announcing that Ethereum will be available for purchase this month. pic.twitter.com\/3V0GCrOt5z<\/a><\/p>\n

\u2014 Bruce Fenton (@brucefenton) October 19, 2022<\/a><\/p><\/blockquote>\n

The post states that investors will be able to buy, sell and transfer ETH, \u201cusing the same model provided for bitcoin investments today.\u201d<\/p>\n

\u201cWith the Ethereum Merge completed, many investors are looking at Ethereum through a new lens,\u201d said Fidelity, likely referring to Ethereum\u2019s shift to the environmentally-friendly<\/a> proof-of-stake (PoS) model.<\/p>\n

Fidelity has been a long supporter of cryptocurrencies such as Bitcoin (BTC<\/a>), outlining in a past paper their belief that it\u2019s a superior form of money<\/a>\u00a0rather than just tech. <\/p>\n

This latest announcement comes in the wake of a new Ethereum Index Fund, which has raised over $5 million since the first sale on Sept. 26 through a sole investor, according<\/a> to an Oct. 4 filing.<\/p>\n

Related: <\/em><\/strong>Fidelity will \u2018shift\u2019 retail customers into crypto soon \u2014 Galaxy CEO<\/em><\/strong><\/a><\/p>\n

In April, Fidelity announced plans to allow 401(k) retirement saving account holders to directly invest in Bitcoin. <\/p>\n

While last year, the company announced that 90% of its biggest clients were interested in accessing Bitcoin<\/a> and other cryptocurrencies.<\/p>\n

On Sept. 13, Galaxy Digital CEO Mike Novogratz said that Fidelity was reportedly working toward <\/a>offering Bitcoin to its 34.4 million retail investor base. <\/p>\n

Cointelegraph reached out to Fidelity regarding the new service but has not received an immediate response at the time of publication.<\/p>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fidelity Digital Assets, the crypto wing of $4.5 trillion asset manager Fidelity Investments, is set to offer\u00a0Ether (ETH) custody and trading services to its institutional clients later this month.\u00a0 According to an email to Fidelity\u2019s customers shared on Twitter, the crypto arm announced new \u201cInstitutional Ethereum capabilities\u201d for institutional investors starting on Oct. 28, 2022. […]<\/p>\n","protected":false},"author":1,"featured_media":32587,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[11874,925,1730,3874,181,4995,534,2164,723],"class_list":["post-32586","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-45t","tag-asset","tag-clients","tag-custody","tag-eth","tag-fidelity","tag-manager","tag-offers","tag-trading"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/10\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvNzg0OGQ4YjctOGMwZS00ZjhiLTk3NDctZDEyMWQ0ODA1YzdlLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32586","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=32586"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32586\/revisions"}],"predecessor-version":[{"id":32588,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/32586\/revisions\/32588"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/32587"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=32586"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=32586"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=32586"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}