Global #Fidelity

In a recent report published on Tuesday, Fidelity Digital Assets analyst Matt Hogan warned that countries might face greater risks by avoiding Bitcoin than by embracing it.

In the rapidly evolving world of cryptocurrency, exchange-traded funds (ETFs) linked to Bitcoin are emerging as a powerful investment vehicle, with both institutional and retail investors increasingly turning to these products for exposure to the leading cryptocurrency.

Bitcoin (BTC) has witnessed a significant uptick in demand, fueled by several key factors, including the overwhelming support for pro-crypto candidates in the United States, a recent Fed rate cut, and the growing trend of nation-states exploring Bitcoin as a solution to their economic crises.

On November 6, 2024, the Bitcoin spot ETF market saw an unprecedented surge in capital inflows, with a total of $622 million flowing into various Bitcoin ETFs.

BlackRock and Fidelity's Bitcoin exchange-traded funds (ETFs) have contributed significantly to their overall ETF inflows this year, constituting 26% and 56% of their respective year-to-date inflows.

Fidelity has updated its S-1 application with the SEC for its Ether exchange-traded fund (ETF), indicating that the underlying Ether tokens will not be staked. This amendment comes amid speculation about the SEC's stance on spot Ether ETFs, with reports suggesting a shift possibly due to external pressures.