Fidelity crypto services now support around 40 million individual clients, marking a remarkable achievement since 2021. The company started its crypto journey back in 2014 and launched its first crypto product in 2018. Clients can now trade three major cryptocurrencies: Bitcoin, Ethereum, and Litecoin. The competitive fee structure includes a spread of up to 1% on trades.
Recent survey results paint an encouraging picture of crypto adoption. Financial advisors show growing confidence in crypto investments – 57% plan to increase their crypto ETF allocations. The data reveals a significant shift in client behavior. Almost a quarter of advisors report that more than half of their clients hold digital assets, which represents a 25% increase from last quarter. These trends highlight how trusted platforms like Fidelity help bring cryptocurrency investments into mainstream finance.
Fidelity Crypto Achieves $1B Trading Milestone
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Fidelity’s cryptocurrency division has reached a major milestone with over $1 billion in trading volume. This achievement marks a key moment for institutional crypto adoption and shows growing investor confidence in digital assets despite market volatility through early 2025.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) hit remarkable numbers with record daily inflows of $473.4 million in one trading day. These numbers nearly doubled BlackRock’s $244.2 million for its IBIT ETF during the same period. The new inflows exceeded FBTC’s previous record of $404.6 million, which shows accelerating investor interest.
FBTC has built up about $8.3 billion in assets under management. This contributes to the $54 billion managed by U.S. spot bitcoin ETFs together. These ETFs maintain strong trading volume at $4.53 billion in a single day, with FBTC generating $1.1 billion.
The success goes beyond daily numbers. Since early 2024, investors have poured over $7.5 billion into Fidelity’s Bitcoin ETF. This matches BlackRock’s iShares Bitcoin Trust performance and shows strong institutional demand for regulated crypto exposure.
U.S. spot bitcoin ETFs pulled in $1 billion in net inflows during one notable trading session. Fidelity’s FBTC bitcoin fund added $300.95 million to this total. This helped push the total amount since January 11 above $30 billion.
Bitcoin trades around $102,000 as this milestone arrives. The price has jumped 11% in a week but remains below its peak of $108,268. This growth comes as investors expect friendly crypto regulations and see bitcoin as protection against the Federal Reserve’s projected 3% inflation for 2025.
Trading volume has exploded among major crypto funds. Fidelity stays among the top three in daily trading volume. This proves that institutional investors now see cryptocurrencies as legitimate investments rather than just speculative assets.
Fidelity Expands Crypto Offerings Beyond Bitcoin
Fidelity has expanded well beyond its original Bitcoin focus to meet what investors just need. The investment giant now lets you trade Bitcoin, Ethereum, and Litecoin through its Fidelity Crypto platform. You can start with just $1.00.
Fidelity made a big move this month by launching its Crypto IRA on April 2, 2025. Investors can now hold digital assets in tax-advantaged retirement accounts. The new service comes with Roth, traditional, and rollover IRA options without any account opening or maintenance fees. The only cost is a 1% spread when you buy or sell cryptocurrency.
The firm now offers two cryptocurrency exchange-traded products:
- Fidelity Wise Origin Bitcoin Fund (FBTC) – tracks Bitcoin performance
- Fidelity Ethereum Fund (FETH) – tracks Ether performance
These funds track cryptocurrency prices through familiar investment structures that invest in digital assets. You can access them in most brokerage, trust, and IRA accounts.
Fidelity Digital Assets plans to grow its team by adding 100 new employees. This means a 70% increase in staff. “We’ve seen more interest in Ether, so we want to be ahead of that demand,” a company representative explained. The new hires will be technology and operations specialists working from Dublin, Boston, and Salt Lake City.
The company is looking at supporting more cryptocurrencies soon. Tom Jessop, who heads Fidelity Digital Assets, shared: “I think there is demand for the next four or five in rank of market cap order. So we will be looking at that”.
Fidelity Digital Assets keeps your crypto safe by managing the private keys. Most assets stay in cold storage – digital wallets that aren’t connected to the internet. The company also wants to let customers transfer cryptocurrency in and out of their Fidelity Crypto accounts, something many have asked for.
Institutional Clients Embrace Fidelity’s Crypto Services
More institutional investors choose Fidelity Digital Assets for cryptocurrency exposure because of its 75-year old reputation in traditional finance. Research shows 80% of institutional investors believe digital assets belong in investment portfolios. Additionally, 87% of those seeking exposure want investment products that hold digital assets.
Fidelity’s crypto integration creates significant benefits for financial advisors. One-fifth of advisors now recommend crypto to their clients. More than one-third (35%) suggest it to at least half of their client base. Most advisors who recommend crypto prefer conservative allocations. The most popular allocation is 2% of assets, which 30% of advisors recommend.
Fidelity Digital Assets stands apart through its institutional-grade security protocols. The company maintains:
- Cold storage in TEMPEST-shielded, radio-frequency-blocked facilities with 24/7 security
- SOC 1 Type 2 audits and SOC 2 Type 2 reports issued by a ‘Big Four’ accounting firm
- Official licensing through a New York Department of Financial Services trust charter granted in 2019
- Registration with the U.K. Financial Conduct Authority for certain cryptoasset activities
The company offers competitive institutional custody rates compared to alternatives. Clients pay a 0.35% annual custody fee and 0.1% per trade execution fee. Fidelity doesn’t rehypothecate assets or sell client data.
Investment advisors receive robust solutions that let them prioritize client service instead of dealing with complex digital asset ecosystems. These solutions help advisors add bitcoin to client portfolios to boost returns, diversify, and hedge against inflation.
Institutional clients notice Fidelity as a more reliable option than crypto exchanges because of regulatory oversight. Unlike crypto exchanges that lack top-tier regulatory supervision, Fidelity’s position reduces risks of hacking, asset theft, and high fees common on less regulated platforms.
The company merges its decade-long blockchain expertise with traditional finance capabilities. This combination helps institutions meet their clients’ growing interest in crypto exposure through a secure, regulated environment.
Conclusion
Fidelity’s impressive trip into the cryptocurrency world shows our dedication to digital breakthroughs. We have become a 10-year old trusted leader in institutional cryptocurrency services. Our achievements include $1 billion in trading volume, diverse crypto products, and resilient security protocols.
The numbers clearly show crypto adoption is growing fast. Our ETF’s outstanding performance and expanding institutional client base prove this trend. Financial advisors now recommend crypto investments with confidence. The new Crypto IRA product gives retirement-focused investors more opportunities.
Our strategic collaborations and growing team demonstrate our commitment to serve client needs better. We stand out among major financial institutions because we blend traditional financial expertise with innovative technology. These milestones not only highlight our success but also indicate a radical alteration toward mainstream cryptocurrency acceptance in traditional finance.
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