Exclusive Insights into Fidelity’s Unique Ownership Structure and Cryptocurrency Strategy

Title: The Johnson Family – One of the World’s Richest Families

As Fidelity’s digital assets arm achieves significant milestones, its ownership structure has garnered attention. While the company operates like a public entity, it remains privately held, with the Johnson family controlling 49% of the shares and voting rights. This unique setup allows Fidelity to take a long-term approach to investing in cryptocurrencies like Bitcoin.

In an interview with Fortune News, Michael O’Reilly, the head of Fidelity’s digital assets division, emphasized the strategic advantage this ownership structure provides. By not being publicly traded, the company can pursue opportunities that others may shy away from, such as the cryptocurrency market.

Fidelity’s FBTC ETF has achieved impressive results since its launch in 2024. The fund’s net inflows have been substantial, with a single day totaling $121 million on December 11th. This is an unprecedented influx of capital, exceeding the combined intake of other spot BTC ETFs.

The Johnson family’s control over Fidelity allows for long-term thinking and strategy, enabling the company to adapt to changing market conditions. It seems that this approach has proven successful, as their FBTC ETF now ranks third in terms of assets under management (AUM).

As the cryptocurrency market continues to evolve, it will be interesting to observe how Fidelity’s unique ownership structure influences its decision-making and potential for future growth.

Note: This article is based on the provided text and may not represent a factual or objective account.

Source: http://www.bitcoinbazis.hu