Fidelity Ethereum Investment Fund Launched; Interest of financial companies in ETH!

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Fidelity will increase its presence in the cryptocurrency market. Fidelity Ethereum Investment Fund So far, it has managed to attract 5 million dollars in capital.

Fidelity intends to expand its activities in the space of digital currencies. According to the United States Securities and Exchange Commission (SEC), Fidelity Inc Boston-based financial giant Fidelity has launched its Ethereum investment fund on Tuesday.

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Read more: The future of digital currencies in 2022

Launch of Fidelity Ethereum Investment Fund

Since its launch, Fidelity’s Ethereum investment fund has managed to attract $5 million in capital. As it seems only one anonymous investor all this 5 million dollars of capital has injected into the project.

The minimum capital required to invest in the Fidelity Ethereum Fund will be $50,000. Only those who have invested in the fund will be allowed to access it.

Fidelity Ethereum Investment Fund Launched;  Interest of financial companies in ETH!

Cryptocurrency index funds are passively managed. These funds monitor the performance of assets. Previously, Fidelity had controlled and monitored Ethereum in its latest product. In an interview with Blockworks, Ben Dean, WisdomTree’s director of digital assets in Europe, stated:

Ethereum integration has attracted the attention of companies in the industry. Many institutions are now paying more attention to the growing potential of blockchain.

Increasing investor interest in Ethereum

WisdomTree has launched index-linked products to track major crypto market assets in Europe. Among the important assets for Wisdom Terry are: Ethereum Cited. BlockWorks recently reported that Fidelity Digital Assets Inc It plans to enable its institutional investors to invest and buy and sell Ethereum by the end of 2022.

According to Fidelity Digital Assets research analyst Jack Neureuter, the process Ethereum integration In a certain period of time, it will increase the interest of investors in the Ethereum cryptocurrency.

In 2018, Fidelity had a large presence in the cryptocurrency space. This company was launched in August 2020 Wise Origin Bitcoin Fund did Wise Origin fund made it possible for Fidelity users to buy and sell the largest cryptocurrency in the market. This fund succeeded only 9 months after its launch Fundraising of 102 million dollars became.

Fidelity plans to make bitcoin trading possible for its customers in the near future. A report published by Fidelity in 2021 shows that about 40% of crypto hedge funds as well as venture capital firms are interested in being in the digital currency space.

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Source: blockworks

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