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The Johnson family, the driving force behind Fidelity’s success
The Fidelity company recently announced its impressive results, having ended 2024 as the 11th largest in terms of wealth, with an astonishing $72.4 billion in assets under management. This achievement was met with great enthusiasm from the crypto community, particularly since the SEC (Securities and Exchange Commission) approved nine other ETF applications simultaneously.
Fidelity’s Bitcoin investment strategy has undoubtedly piqued interest and earned trust within the community. Notably, the company’s spot BTC ETF, FBTC, recorded a massive inflow of $121.9 million on December 11th, accounting for over 50% of the total net inflows on that day.
What sets Fidelity apart from its competitors is its unique ownership structure. Unlike other listed companies, Fidelity remains privately held, with the Johnson family retaining control over 49% of the company’s shares and voting rights. This private ownership allows the company to adopt a long-term perspective, which it believes will be beneficial in navigating the complexities of the cryptocurrency market.
In an interview with Fortune News, Michael O’Reilly, head of Fidelity’s digital assets department, emphasized that this structure gives the company the freedom to make strategic decisions without being constrained by short-term pressures. This approach enables Fidelity to take a more holistic view when it comes to managing digital currencies like Bitcoin.
As the company continues to navigate the ever-evolving cryptocurrency landscape, its commitment to long-term thinking and private ownership will undoubtedly remain a key factor in its success.
Source: www.bitcoinbazis.hu
