Fidelity Investments Aims to Release Crypto Products by Year End

“What we started with was building a long list of use cases for either Bitcoin, Ethereum, other cryptocurrencies, or potentially just raw blockchain technology. Most of them have been scrapped by now or at least put on the shelf. The things that actually survived were not the things I think necessarily we expected. We were trying to listen to the marketplace and anticipate what would make sense.”

If they follow through it will be absolutely huge – and although they are leaving a bit of wiggle room (in case this whole crypto thing doesn’t work out, heh-heh), if you read the whole article it sounds like a done deal.

I wouldn’t be surprised if they offer several different vehicles, e.g. BTC only, basket of cryptos, basket of alts, etc.

Smart move on their part, assuming they retain first-mover advantage. Can you buy stock in Fidelity?

Can you imagine when that flood of money hits a deflationary-by-nature currency?! It will be something like (pic related)…




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