A growing number of retirement savers are sitting on a cool million or more in their IRAs or 401(k)s. IRA account holders at Fidelity with $1 million or more saved jumped to 398,594 at the end of June, up from 376,275 at the end of the first quarter, according to Fidelity Investments. That nearly 6%
Exchange-traded funds that hold ether (ETH-USD) can start trading following final approval from regulators on Monday, according to the money managers that will oversee the new ETFs. The Securities and Exchange Commission gave the green light Monday to BlackRock (BLK), Fidelity, Franklin Templeton, Grayscale, and 21 Shares, the companies said. Trading could begin as early
If the Securities and Exchange Commission’s approval of spot Bitcoin exchange-traded funds represented a watershed moment for cryptocurrency, the arrival of spot Ether ETFs on Wall Street could be nothing short of revolutionary. In a move that caught even the most bullish crypto cheerleaders off guard, U.S. regulators have cleared the way for ETFs for
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On Tuesday EDXM Global announced it launched its settlement platform in Singapore. It’s a subsidiary of EDX Markets, the institutionally focused cryptocurrency exchange founded by Citadel Securities, Fidelity Digital Assets, Virtu Financial and Charles Schwab, alongside venture capital firms. Initially EDXM Global provides a settlement process for OTC transactions. It also plans to provide custody services, but we believe that requires a Singapore license.
The $4.8 trillion asset management firm Fidelity has said that pension funds are beginning to explore Bitcoin and other cryptocurrencies. Indeed, pension plans are reportedly expressing interest in digital asset investment amid the Spot Bitcoin ETF approvals granted earlier this year. Fidelity Digital Asset’s vice president, Manuel Nordeste, revealed the revelation. Speaking at an event