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The Fidelity Family: A Global Leader in Wealth and Crypto Investments
As the world’s largest financial services company, Fidelity has made a significant impact on the global economy. With its recent success, it is no surprise that they have taken their place among the top 11 wealthiest families globally, with an astonishing net worth of $72.4 billion.
Their latest achievement includes securing approval from the Securities and Exchange Commission (SEC) for their Bitcoin ETF spot trading fund, FBTC. This has sent shockwaves throughout the cryptocurrency community, as it is a major step forward in mainstream acceptance of digital currencies.
Despite being a newcomer to the crypto scene, Fidelity’s unique approach has garnered significant attention. Their strategy involves maintaining private ownership, with the Johnson family controlling 49% of the company’s shares and voting rights. This allows them to take a long-term view on their investments, which is crucial in the rapidly evolving world of cryptocurrencies.
In an exclusive interview with Fortune News, Michael O’Reilly, the head of Fidelity’s digital assets division, emphasized that this private ownership structure provides a strategic advantage for the company when it comes to crypto asset management. He explained that this unique approach enables them to make decisions without being constrained by short-term market fluctuations, allowing them to focus on long-term goals.
It is clear that their commitment to cryptocurrency investments has paid off, as they have become the third-largest holder of Bitcoin in trust, with a total of 206,885 BTC.
Source: www.bitcoinbazis.hu
