The firm is among the most significant investment managers in the U.S., with $4.3 trillion in assets under management as of March 31.
Commenting on what this means for the sector, van de Poppe said
“The adoption grows and it accelerates.”
Spurred by the burgeoning interest in Bitcoin, Fidelity launched its subsidiary business Fidelity Digital Assets (FDA), in October 2018, which caters to the growing institutional client demand for cryptocurrencies.
“Our continued research drives our belief that bitcoin is more than an asset; it represents the foundation of our business and a new financial system.”