Fidelity is a privately owned investment manager.
Fidelity Investments Inc., commonly referred to as Fidelity, earlier as Fidelity Management & Research or FMR, is an American multinational financial services corporation based in Boston, Massachusetts.
It is one of the largest asset managers in the world with $2.46 trillion in assets under management as of March 2018 and a combined total customer asset value number of $6.7 trillion. Fidelity Investments operates a brokerage firm, manages a large family of mutual funds, provides fund distribution and investment advice, retirement services, wealth management, securities execution and clearance, and life insurance.
Bitcoin spot ETFs closed the week with a $103 million daily inflow after facing significant outflows earlier.
US spot Ethereum ETFs are gaining momentum with total inflows reaching over $800 million in the past week amid the ETH price surge.
The positive sentiment extended to altcoins, with Ethereum reaching $3,100 and Solana crossing $200 for the first time this year