BITPRISMIA
Major financial firms like Charles Schwab and Fidelity are expanding their crypto hiring efforts, signaling a shift towards institutional crypto adoption and reshaping the financial landscape.
Major asset managers BlackRock, Fidelity, and Grayscale collectively purchased over $1 billion worth of Ethereum (ETH) on August 11, 2025, marking one of the largest single-day inflows since Ethereum ETFs launched.
Fidelity transferred significant amounts of Ethereum to Coinbase, coinciding with a large outflow from BlackRock's Ethereum ETF, amid a decline in ETH's price.
Ethereum ETFs experienced a record daily outflow of $465 million on August 4, led by BlackRock's ETHA ETF, despite strong inflows in July and overall positive performance.
Fidelity transferred 12,981 ETH (approximately $49.7 million) to Coinbase, signaling potential institutional trends in cryptocurrency engagement, such as custody optimization, liquidity provision, or new product development.
Fidelity is seeking SEC approval to amend its Spot Bitcoin ETF filing to allow in-kind redemptions, which could significantly impact how investors interact with Bitcoin through traditional financial vehicles.
Spot Ethereum ETFs experienced a significant net inflow of $534.7 million on July 22, led by major firms like BlackRock, Grayscale, and Fidelity, indicating strong investor interest and institutional adoption.
Institutional demand for Ethereum is surging, with major funds like Fidelity and BlackRock making significant purchases following the approval of spot ETH ETFs, leading to substantial inflows across Ethereum ETFs.
Fidelity Digital Assets Research team provides insights on the current state and future potential of cryptocurrencies, including Bitcoin and Ethereum, amid evolving market conditions and regulatory landscapes.
Fidelity has significantly increased its Bitcoin and Ethereum holdings through its ETFs, contributing to substantial daily and weekly inflows in cryptocurrency ETFs, while BlackRock continues to dominate the market with its large Bitcoin and Ethereum holdings.