Fidelity Asset Management Reveals Growing Investor Interest in Bitcoin ETFs (BTC)
- Fidelity Digital Assets Vice President, Manuel Nordeste, reveals a growing interest among investors in spot Bitcoin ETFs.
- According to Nordeste, those planning for retirement are gradually warming up to the idea of investing in crypto assets.
- Defined benefit plans and other retirement funds have begun discussing crypto assets with their investment committees.
Retirement planners are increasingly considering crypto investments, with Fidelity Digital Assets identifying a potential $4.7 trillion opportunity.
Retirees Examining Crypto Investments, Fidelity Sees $4.7 Trillion Opportunity
Speaking at an event in London, Nordeste revealed that defined benefit plans and other retirement funds have started discussing crypto assets with their investment committees. While the crypto market has largely been dominated by small-scale but sophisticated investors like family offices and high-net-worth individuals, larger institutional investors are beginning to show interest.
Fidelity Digital Assets Attracting Larger Institutional Investors
Nordeste noted that Fidelity Digital Assets, established in 2018, initially attracted the interest of family offices, private asset managers, and hedge funds. However, it has now begun interacting with larger institutional investors a... Read the full article for FREE at COINOTAG!