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<ul>
<li>Fidelity Investments is expected to make an offer to acquire Grayscale and apply for a Bitcoin ETF in the near future.</li>
<li>According to foreign sources, Fidelity may take action to acquire Grayscale, the world&#8217;s largest digital asset management company.</li>
<li>This step is not Fidelity&#8217;s first move in the crypto market. Fidelity Investments operates its digital asset operations under the name Fidelity Digital Assets.</li>
</ul>
Claims that the world&#8217;s third-largest asset manager will acquire Grayscale and apply for a Bitcoin ETF have stirred the community.
<h2 id="strong-fidelity-investments-could-step-into-bitcoin-strong">Fidelity Investments Could Step into Bitcoin!</h2>
<img decoding="async" class="alignnone size-full wp-image-133787" src="https://en.coinotag.com/wp-content/uploads/2023/06/BREAKING-NEWS-Bitcoin-Claim-for-the-Worlds-Third-Largest-Asset.jpg" alt="Fidelity Investments" width="2560" height="1440" /> 
Fidelity Investments, the world&#8217;s third-largest asset manager with $4.2 trillion in assets under management, is expected to make an offer to acquire Grayscale and apply for a Bitcoin ETF in the near future.
According to foreign sources, Fidelity may take action to acquire Grayscale, the world&#8217;s largest digital asset management company. Grayscale is a digital asset management company that has been operating since 2013 and manages over $50 billion in assets.
In addition to the offer to acquire Grayscale, the claim that Fidelity will apply for a spot Bitcoin ETF has surprised the community. This week, it was claimed that BlackRock, the world&#8217;s largest asset manager, would apply for a Bitcoin ETF, and then BlackRock applied for a spot Bitcoin ETF.
The SEC has not yet responded to BlackRock&#8217;s application, but so far, 575 of BlackRock&#8217;s ETF applications have been approved. While the approval of BlackRock&#8217;s Bitcoin ETF application is being debated, the claims that Fidelity will apply for a Bitcoin ETF have renewed hopes for the cryptocurrency market.
<h2 id="strong-fidelity-8217-s-crypto-moves-strong">Fidelity&#8217;s Crypto Moves</h2>
This step is not Fidelity&#8217;s first move in the crypto market. Fidelity Investments operates its digital asset operations under the name Fidelity Digital Assets. Fidelity Digital Assets launched its Ethereum (ETH) trading service for institutional clients on October 28, 2022.
In 2022, Fidelity International listed its Bitcoin ETP on Deutsche Börse Xetra and Six Swiss Exchange. In February of the same year, Fidelity&#8217;s sales president said, &#8220;We have been mining Bitcoin since 2014 and accumulating BTC.&#8221;
Considering Fidelity&#8217;s Bitcoin and crypto moves, the claim that they will apply for an ETF does not seem impossible.

The post <a rel="nofollow" href="https://en.coinotag.com/breaking-news-bitcoin-claim-for-the-worlds-third-largest-asset-manager/">BREAKING NEWS: Bitcoin Claim for the World&#8217;s Third Largest Asset Manager!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG EN</a>.

BREAKING NEWS: Bitcoin Claim for the World’s Third Largest Asset Manager!

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