Fidelity is now allocating spot Bitcoin to their All-in-One Conservative ETF \ stacker news ~bitcoin

pull down to refresh

Fidelity is now allocating spot Bitcoin to their All-in-One Conservative ETF

8307 sats \ 33 comments \ @BitcoinIsTheFuture 7 Feb bitcoin

Gradually then suddenly!

https://m.stacker.news/15273

200 sats \ 6 replies \ @DudeJLebowski 8 Feb

This is absolutely huge.

There is an absolute mountain of money allocated to these ETFs, if even 1% of it is allocated to Bitcoin the results are just so ridiculous it's hard to think about. This bull market could be absolutely insane.

20 sats \ 0 replies \ @BitcoinIsTheFuture OP 8 Feb

Yup. Melting faces huge!

10 sats \ 2 replies \ @faithandcredit 8 Feb freebie

bitcoin is starting to show its real face. just a pump and dump fueled by fomo?

Post halving in a couple months hashrate is probably going to decrease significantly, which will set the trend for the following halvings and it is no longer defensible for bitcoin to have a trillion dollar market cap it seems. The people who "invest" now have no idea about this and those who do are going to sell soon :)

0 sats \ 1 reply \ @elvismercury 8 Feb

You think people are investing in btc as a function of its hash rate?

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 8 Feb

Yes. The most decentralized computer network in the world getting even stronger. Um yes please. More unstoppable

1 sat \ 1 reply \ @m00ninite 8 Feb

This is for the Canadian fidelity ETF, which is not huge. A couple hundred million or so.

10 sats \ 0 replies \ @BitcoinIsTheFuture OP 8 Feb

This is a start. I consider it a pilot. It will expand

84 sats \ 3 replies \ @Coinsreporter 8 Feb

Fidelity investments has been most aggressive over Bitcoin among all the ETF issuers. I sniff that they are the only one who really want that the Price of Bitcoin must soar higher and higher

31 sats \ 2 replies \ @BitcoinIsTheFuture OP 8 Feb

And they’ve been Bitcoin mining for years and self custody it.

0 sats \ 1 reply \ @brandonsbytes 8 Feb

deleted by author

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 13 Feb freebie

Only a decade, lol. They have been mining since 2014! They get it. The wallstreet journal is one source, but just google Fidelity Bitcoin Mining. https://www.wsj.com/finance/currencies/the-fidelity-mafia-behind-big-crypto-953ad00e

53 sats \ 1 reply \ @OriginalSize 8 Feb

$168M in net assets, so $1.68M worth of Bitcoin in their ETF. Not huge, but interesting. I trust you all will take this in stride.

33 sats \ 0 replies \ @BitcoinIsTheFuture OP 8 Feb

Yup a start on the industry by a big leader. Once it outperforms it will grow like a virus

51 sats \ 3 replies \ @Wumbo 7 Feb

Is this a part of Canadian Fidelity only or is there a US exchange version?

1162 sats \ 2 replies \ @BitcoinIsTheFuture OP 7 Feb

I believe just the Canada one for now : https://x.com/adam3us/status/1755263381085307364?s=20

Super details: https://www.fidelity.ca/en/products/etfs/fcns/

24 sats \ 0 replies \ @kr 8 Feb

yes, looks like it’s just Canada for now but i suspect America will start too

3 sats \ 0 replies \ @Wumbo 7 Feb

In the link it says:

Fidelity has a 1-3% bitcoin allocation in their "All-in-One" asset allocation funds in Canada, using spot bitcoin ETFs.

I think this "All-in-One Conservative ETF" is on Canada stock exchange (CBOE)

Thanks for Sharing

32 sats \ 1 reply \ @jeff 8 Feb

Suddenly indeed.

Now, when they advertise the fund performance, a fund that is 99% equities + 1% BTC, will be compared against a competitor's 100% equity fund.

Tick tock, next block.

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 8 Feb

Yup this! The clock starts and right before the halving!!!

21 sats \ 2 replies \ @030e0dca83 8 Feb

And we're still at $40k. It's a gift to sell dollars today and buy more sats

1 sat \ 1 reply \ @BitcoinIsTheFuture OP 13 Feb

We WERE at $40k. How soon we’ve gone over $50k!

0 sats \ 0 replies \ @030e0dca83 13 Feb

Just enjoy the moment. Paper hands still exist and dollar still costs 2k sats

10 sats \ 2 replies \ @UCantDoThatDotRugged 8 Feb

but but but

grampa said bitcoin bad

0 sats \ 1 reply \ @BitcoinIsTheFuture OP 13 Feb

Paper Bitcoin is bad. The pure stuff in cold storage is where it’s at!

0 sats \ 0 replies \ @UCantDoThatDotRugged 15 Feb

Paper Wallet > Paper Bitcoin

10 sats \ 0 replies \ @Undisciplined 7 Feb

Interesting. I don't think I have access to that in my retirement options, but I'm keeping my eyes for a fund that has bitcoin (and nothing that would make me still not invest).

0 sats \ 0 replies \ @SaToSHiWoMaN 10 Feb

Yes yes good 👍

https://m.stacker.news/15619

0 sats \ 1 reply \ @Bell_curve 8 Feb

I need to move my retirement savings to fidelity

0 sats \ 0 replies \ @BitcoinIsTheFuture OP 8 Feb

Mine is there, great products that are getting better with Bitcoin exposure!

0 sats \ 0 replies \ @masoudehsani222 8 Feb outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.

0 sats \ 1 reply \ @masoudehsani222 8 Feb outlawed

stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.

21 sats \ 0 replies \ @rando 8 Feb

deleted by author