A few days ago, CNN reported that Fidelity made it easier for hedge funds and other bigger players to invest in cryptocurrencies. Fidelity, the fund company that administers more than 7 trillion (!) in client assets is now launching a separate company, Fidelity Digital Asset Services, that will handle cryptocurrency custody and trade execution for institutional investors. At the same time, media company Bloomberg reports that Yale University is part of a group that is helping to raise USD 400 million for a huge new cryptocurrency fund.
I guess, after all the negative news about cryptos, it might be the time to get involved (again).
Sven Franssen