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Bear Market Didn’t Slow Institutional Interest in Crypto

1 min read

Oct 27 (Coindesk) - Asset management giant Fidelity has made stronger moves into crypto over the past month. The firm’s Fidelity Digital Assets division will open up ether (ETH) trading for institutional clients on Oct 28. In late September Fidelity launched a new Ethereum Index Fund for accredited investors that raised nearly $5 million in less than two weeks.

The firm continues to combine its institutional investor and crypto interests with the new fourth annual Fidelity Digital Assets Institutional Investor Digital Assets Study. More than half of those surveyed (58%) had invested in digital assets during the first half of 2022 and 74% planned to invest in the future.

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