Fidelity has sold Bitcoin tokens worth more than $75 million. The move comes at a time when Spot Bitcoin ETF recorded an outflow for the second consecutive day. The transaction involved approximately 671 tokens. Meanwhile, BTC Price is hovering around a crucial resistance level at the moment. Bitcoin Tokens Sold
Fidelity has sold Bitcoin tokens worth more than $276 million. The move comes amid a constant decline in the BTC price. The sale of the flagship cryptocurrency has been correlated to the outflow from Spot BTC ETF. Interestingly, Strive and Strategy recently bought the token in large numbers. Bitcoin Sale
Fidelity, a major asset manager, quietly rolled out its Fidelity Digital Interest Token, or FDIT, on the Ethereum blockchain last month. This tokenized version of its Treasury Digital Fund has already pulled in over $200 million in assets. The token lets users hold shares in a fund made up of
One of the largest asset managers in the world, Fidelity Investments is reportedly in the final stages of testing its own stablecoin, according to the Financial Times reports. This move reflects a growing trend among traditional financial institutions exploring tokenized assets and stablecoins as they expand into digital finance. The
Fidelity Investments is joining the tokenized asset space by submitting with the SEC to offer a blockchain-based money market fund on Ethereum. The fund, called the Fidelity Treasury Digital Fund (FYHXX). Which will consist of U.S. Treasury securities and cash and utilize blockchain technology for its transfer agent. Subject to
Archax, a UK-regulated cryptocurrency exchange and custodian, is venturing into the tokenization of real-world assets (RWAs). Today, the platform announced plans to offer tokenized money market funds from three global financial giants—State Street, Fidelity International, and Legal & General Investment Management (LGIM). This marks a significant step in Archax’s mission
Fidelity International and Citi have unveiled a proof-of-concept (PoC) for an on-chain money market fund (MMF) featuring a digital foreign exchange (FX) swap solution. This was announced ahead of the Singapore FinTech Festival 2024 happening from November 6–8. The solution jointly developed demonstrates the real-time settlement of tokenized MMF transactions
Fidelity, the global asset manager, has officially filed for its Spot Bitcoin ETF recently. The U.S. Securities and Exchange Commission stated that the filings made for the Bitcoin exchange-traded funds (ETF) by Blackrock and Fidelity were not sufficiently clear and comprehensive. After the SEC’s comments, Fidelity updated the application. The
In a significant development, Fidelity has formally requested approval for a spot Bitcoin ETF. Consequently, optimism is rebounding within the beleaguered crypto industry. As per a Coingraph tweet, the proposal, sent to the U.S. Securities and Exchange Commission (SEC), seeks to list and trade shares of the Wise Origin Bitcoin
In a significant move, Fidelity, the American multinational financial services corporation, is reportedly making strides towards submitting a spot Bitcoin Exchange Traded Fund (ETF) filing. This step demonstrates a potentially transformative moment in the global crypto market’s evolution. Additionally, financial analysts argue that launching a spot Bitcoin ETF could revolutionize
