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Title: The World’s Richest Families
As Fidelity’s ETF, FBTC, takes the 11th spot with $72.4 billion in assets under management, the company’s unique structure has sparked significant interest and trust from the cryptocurrency community. Despite being privately owned by the Johnson family, who control 49% of its shares and voting rights, according to SEC filings, Fidelity’s CEO Michael O’Reilly emphasizes this arrangement as a strategic advantage.
In an interview with Fortune News, O’Reilly explained that this private ownership allows them to take a long-term perspective on investments in areas such as cryptocurrencies like Bitcoin. He believes this independence provides significant benefits compared to publicly traded companies.
This move has sparked curiosity about the Johnson family’s immense wealth and power within the digital asset space.
Source: http://www.bitcoinbazis.hu
