forbes.com
> Fidelity president and director of digital funds Peter Jubber today filed paperwork with the U.S. Securities and Exchange Commission (SEC) informing the regulator of a new fund dedicated to bitcoin.
> The results of a survey of 800 institutional investors from the U.S. and Europe
fidelitydigitalassets.com
> We do know that the minimum investment to join the pooled investment fund is $100,000, indicating this is likely only for institutional and accredited investors.
Other urls found in this thread:
bloomberg.com
coindesk.com
dailyhodl.com
twitter.com
youtube.com
bitcoinersanonymous.com
forbes.com
twitter.com
Fidelity Index fund is coming. WTF.
coindesk.com
> "Wise Origin Bitcoin Index Fund I, LP" has a $100,000 minimum buy-in and a high-ranking executive officer to boot: Peter Jubber, head of strategy and planning for the increasingly crypto-friendly investments giant Fidelity.
>Disclosed in a Wednesday morning filing with the Securities and Exchange Commission, the fund is the latest example of Wall Street veterans warming up to bitcoin. Fidelity, one of the largest mutual fund firms in the U.S., is also leading the Street in bitcoin research and services.
>Wise Origin links back to Fidelity Investments via Jubber and Fidelity's brokerage service and distribution subsidiaries, both of which are set to receive sales compensation from the new fund. It also shares a Boston office building with Fidelity.
|>Fidelity declined to comment on its ties to the fund. A Delaware corporation called FD Funds GP is Wise Origin's general partner, and Jubber is FD Funds' president.
>While it is not known how the fund will approach bitcoin investing, Jubber waxed bullish on blockchain in a 2017 podcast sponsored by Fidelity. At the time he said his firm had sketched out 10 years of potentialities for the institution-disrupting tech.
>"Every incumbent should be spending time and money on this topic to understand it, at least to understand the threat," he said in the podcast. "But I think there's just a massive opportunity."
>The fund has yet to raise any capital from investors.
My bad, I actually made an effort to discuss finance happenings on Zig Forums
No dude, thank you. You are doing gods work.
This news is huge and just another sign of the imminent gbr.
institutions are getting in. we know
You should be ashamed of yourself.
Bullish as fuck goddamn
What action can I take TODAY to profit from this?
Let's fucking goooooooooooo
Literally stack sats.
It’s the best hedge against inflation and the supply is ever decreasing.
Guess where the billionaires and millionaires will look once the floodgates open?