The investment reflects growing institutional and individual interest in investing in crypto-related companies.
Fidelity Investments' latest product to help institutional clients with their crypto investments.
Peter Jubber, the managing director of Fidelity Digital Funds, serves as president of the trust.
More than 85 U.S. institutions bought crypto futures last year, more than double the number touching the space in 2018, according to a new survey by Fidelity.
WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.
Bitcoin miners made the case for their industry as a driver of clean energy adoption, rather than an ecological disaster, at Fidelity’s Mining Summit.
Institutional investors are increasingly open to adding digital assets to their portfolios, suggests new research from Fidelity Investments.
Coin Metrics, an open-source data research project, will now offer commercial services to institutional investors.