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The Johnson family of Fidelity has made it to the list as the world’s wealthiest families, with their net worth increasing by 72.4 billion dollars. This comes after the SEC approved their Bitcoin ETF application, which is the third-largest in terms of assets under management (AUM).
As reported by Ubiq ETF Bot, the Fidelity Bitcoin Investment Trust, FBTC, has seen an influx of 122 million dollars on December 11th, accounting for over 50% of the total net inflows. This surge comes as a surprise to many in the crypto community.
In an exclusive interview with Fortune News, Michael O’Reilly, CEO of Fidelity’s digital assets department, highlights the importance of their private ownership structure. He emphasizes that this unique model allows them to take a long-term approach on cryptocurrency investments, something their competitors might not be able to do.
“We believe our private ownership structure is a significant advantage for us in terms of offering crypto-related services,” O’Reilly said. “It’s an essential element in building trust with our clients and establishing strong relationships.”
The Johnson family’s ownership of 49% of the company’s shares and voting rights raises questions about their motivations and potential influence over Fidelity’s business decisions.
While this news may spark concerns, one thing is certain: the Johnsons’ financial muscle has enabled them to take a bold step in embracing the crypto market. It will be interesting to see how they leverage their newfound influence to shape the future of digital assets.
(Note: The article title refers to the world’s wealthiest families, but there is no other family mentioned besides the Johnsons, as it seems that Fidelity is the only one that has reached the top 11 on the list.)
Source: http://www.bitcoinbazis.hu
