On May 25, Colin Wu tweeted that Fidelity Investments had just filed its latest filing with the United States Securities and Exchange Commission (SEC), stating that the Bitcoin Index Fund had generated a total of $126.5 million. In August 2020, the Wise Origin Bitcoin Index Fund went public. This made it possible for Fidelity to give its investors access to Bitcoin.
Total investment growth slowed in comparison to the preceding reporting period. According to regulatory filings, Fidelity’s in-bound investments have fallen year over year. Even while the fund’s size has stayed unchanged in the second year, the number of investors has climbed from 83 to about 689, a stunning 730% growth over the previous year.
In April, Fidelity announced that clients would be able to invest in Bitcoin via their 401(k) retirement savings accounts. Employers will be able to choose whether or not to expose their employees to Bitcoin in their retirement plans.
Due to a negative macroeconomic environment, inflation fears, and the Terra UST crash, Bitcoin (BTC) saw its eighth straight week of losses for investors for the first time in its existence.
Due to a negative macroeconomic environment, inflation fears, and the Terra UST crash, Bitcoin (BTC) saw its eighth straight week of losses for investors for the first time in its existence.
