All articles tagged with #fidelity
Researchers have developed an 11-qubit atom processor in silicon, demonstrating high-fidelity single- and two-qubit gates, and the ability to generate entanglement across multiple nuclear spins within and between registers, marking a significant step towards scalable quantum error correction in silicon-based quantum processors.
Nine individuals from Massachusetts made the Forbes 400 list of the wealthiest Americans in 2025, led by Abigail Johnson of Fidelity with a net worth of $35 billion, followed by Robert Kraft of the Patriots with $13.8 billion. The list highlights significant wealth in finance, real estate, sports, and technology sectors within the state.
Fidelity's spot Solana ETF application has been delayed by the SEC as the agency awaits a new crypto ETF approval framework, potentially pushing altcoin ETF approvals into Q4, with market reactions indicating a range-bound SOL price between $140 and $160.
The Trump administration reversed a guideline urging caution with crypto in 401(k)s, favoring a neutral stance that benefits Fidelity's crypto offerings, amid ongoing low adoption and concerns over volatility and regulation.
Elon Musk's acquisition of Twitter, now rebranded as X, may be gaining value as Fidelity increased its stake valuation by 32.37% in October, despite still being worth 72% less than the $44 billion Musk paid. This rise is partly due to Musk's AI company, xAI, which uses X's posts to train its chatbot, Grok. Musk's influence has grown, aligning with President-elect Donald Trump and supporting his campaign financially. Musk is also set to lead a new government efficiency department aiming to reduce federal spending.
Fidelity has increased the valuation of its stake in Elon Musk's X (formerly Twitter) by 32.37% in October, despite still valuing the company significantly lower than Musk's 2022 purchase price. This adjustment is likely linked to Fidelity's investment in Musk's AI startup xAI, which saw a 70% markup in its shares. The move precedes Donald Trump's election victory, which boosted traffic on X but also led users to rival platforms.
Fidelity has increased the valuation of its stake in Elon Musk's X Holdings by 32.37% in October, despite the company's overall worth being 72% less than its $44 billion purchase price. This increase is likely linked to xAI, another Musk venture, in which Fidelity invested and recently marked up its shares by 70%. X Holdings reportedly has a significant stake in xAI, which may explain the valuation boost. Meanwhile, X remains a dominant social platform in the U.S., especially during elections, as Musk's relationship with Donald Trump strengthens.
Bitcoin surged past $71,000 as U.S.-listed spot bitcoin ETFs saw $880 million in inflows, led by Fidelity's FBTC with $378 million. This marked the best day of inflows since March, driven by a generally bullish sentiment and positive outlook for cryptocurrencies.
Major asset managers including BlackRock and Fidelity have amended their filings for a spot Ethereum ETF as the SEC's decision deadline approaches. The flurry of updated 19b-4 forms indicates a strong push for approval, which could give investors exposure to Ethereum via stock exchange-traded shares. The price of ETH has surged amid speculation of imminent approval.
Spot Bitcoin ETF flows turned positive this week, with Fidelity's FBTC leading the inflows and Grayscale's GBTC outflows slowing. The combined U.S. spot Bitcoin ETFs saw net inflows of $113.5 million on Wednesday, surpassing the previous day's outflows. Grayscale's GBTC fund has experienced significant outflows, falling 47% from around 619,000 BTC to 328,000 BTC. Despite the slowdown in outflows, overall spot Bitcoin ETF daily flows and volume have been declining since peaking in March.
Spot bitcoin exchange-traded funds (ETFs) saw a total net inflow of $15.7 million yesterday, breaking a five-day outflow streak. Fidelity's FBTC received the highest single-day net inflow of approximately $261 million, while BlackRock's IBIT saw an inflow of roughly $35.5 million. However, Grayscale's GBTC experienced a single-day net outflow of $350 million. The fervor for spot bitcoin ETFs has relaxed somewhat in recent days, with assets under management plateauing and volumes decreasing from their early March peak.
Bitcoin spot ETFs accumulated $15.4 million on Monday, ending a five-day outflow streak, with Fidelity's FBTC leading the inflows. Nearly a dozen spot ETFs debuted in the U.S. on Jan. 11, allowing investors to take exposure to the leading cryptocurrency while bypassing the hassles of owning and storing the digital asset. Analysts anticipate stronger quarter-end flows, potentially lifting the cryptocurrency's price to new highs, but stress the need for spot ETF inflows and issuance of dollar-pegged stablecoin tether (USDT) for bitcoin to chart another aggressive move higher.
BlackRock and Fidelity have led a surge of bullish bitcoin price predictions, with famed stock picker Cathie Wood now betting on a $75 trillion market capitalization for bitcoin by 2030. The recent rise in the bitcoin price, fueled by spot bitcoin exchange-traded funds (ETFs) and institutional interest, has prompted Wood to increase her bitcoin price prediction to $3.8 million by 2030, representing a near-6,000% increase from the current price. Despite recent outflows from new spot bitcoin ETFs, traders are closely monitoring the upcoming halving event and advising caution amid potential market turbulence.
Fidelity's Wise Origin Bitcoin Fund (FBTC) has become the fifth most popular ETF, attracting $6.9 billion since its launch in January 2024. This makes it the second spot bitcoin ETF to enter the top five. Vanguard's S&P 500 ETF leads in inflows, followed by iShares Core S&P 500 ETF and BlackRock's iShares Bitcoin Trust. Despite a strong start, flows into the 10 spot bitcoin ETFs slowed last week due to a wider market sell-off.
BlackRock and Fidelity have captured 79% of inflows into new Bitcoin ETFs, with BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund leading the pack. Other funds have responded by cutting fees to compete. Grayscale's Bitcoin trust, which converted to an ETF, has seen significant outflows. BlackRock appears to be pulling ahead of Fidelity in dominating the sector, with its IBIT fund winning a record $612 million of new investment in a single day.