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In what is certainly a sign of the investment products’ success, asset management firm Fidelity ’s Spot Bitcoin ETF now holds more than $10 billion worth of BTC. Indeed, the firm’s holdings officially surpassed 150,000 BTC just three months after the investment vehicle gained US Securities and Exchange Commission (SEC) approval. Altogether, the collection of approved Spot Bitcoin ETFs called the Newborn Nine collectively maintains more than 520,000 BTC in assets under management. Moreover, these investment products all received approval at the same time, showcasing just how rapidly they have ascended to this successful state. JUST IN: Fidelity ’s spot #Bitcoin ETF now holds over $10 billion worth of $BTC. — Watcher.Guru (@WatcherGuru) April 9, 2024 Also Read: Fidelity Files for Spot Ethereum ETF With Staking Fidelity Bitcoin ETF Holdings Now Exceed $10 Billion in BTC Since the start of the year, the digital asset market has become one of th...

Amid increased scrutiny and tumultuous events in the crypto industry, Anchorage Digital, the San Francisco-based cryptocurrency firm, reports a substantial 80% increase in the assets under its custody in the first quarter of 2023. Anchorage Digital, the San Francisco-based crypto currency firm, reported a substantial up surge in business, spurred by an increased desire for secure asset custody methods amidst crypto volatility and regulatory pressures, as revealed by the firm’s president. The company witnessed an 80% surge in assets under its custody in the first quarter of 2023, a sharp rise from the previous quarter of 2022. As cited by the firm’s president, Diogo Monica, “billions of dollars of deposits” are channeled towards Anchorage, although exact figures have not been disclosed. First digital bank Anchorage Digital made headlines in 2021 by becoming the inaugural federally chartered crypto bank, gaining approval from the Office of the Comptroller...