$4.5T asset manager Fidelity offers ETH custody and trading to clients

Fidelity Digital Assets, the crypto helping of $4.5 trillion plus manager Fidelity Investments, is acceptable to offer Ether (ETH) custody and trading services to its organization clients aboriginal this month. 

According to an email to Fidelity’s customers shared connected Twitter, the crypto limb announced caller “Institutional Ethereum capabilities” for organization investors starting connected Oct. 28, 2022.

Fidelity Digital Assets conscionable sent an email to customers announcing that Ethereum volition beryllium disposable for acquisition this month. pic.twitter.com/3V0GCrOt5z

— Bruce Fenton (@brucefenton) October 19, 2022

The station states that investors volition beryllium capable to buy, sell, and transportation ETH, "using the aforesaid exemplary provided for bitcoin investments today."

“With the Ethereum Merge completed, galore investors are looking astatine Ethereum done a caller lens,” said Fidelity, apt referring to Ethereum’s displacement to the environmentally-friendly proof-of-stake (PoS) model.

Fidelity has been a agelong protagonist of cryptocurrencies specified arsenic Bitcoin (BTC), outlining successful a past paper their content that it's a superior signifier of money, alternatively than conscionable tech.

This latest announcement comes successful the aftermath of a caller Ethereum Index Fund, which has raised implicit $5 cardinal since the archetypal merchantability connected Sept. 26 done a sole investor, according to an Oct. 4 filing

Related: Fidelity volition ‘shift’ retail customers into crypto soon — Galaxy CEO

In April, Fidelity announced plans to let 401(k) status redeeming relationship holders to straight put successful Bitcoin.

While past year, the institution announced that 90% of its biggest clients were interested successful accessing Bitcoin and different cryptocurrencies.

While connected Sept. 13, Galaxy Digital CEO Mike Novogratz said that Fidelity was reportedly moving toward offering Bitcoin to its 34.4 cardinal retail capitalist base.

Cointelegraph reached retired to Fidelity regarding the caller work but has not received an contiguous effect astatine the clip of publication.