Fidelity’s Timmer values gold at around $5,000
Jurrien Timmer, Director of Global Macro at @Fidelity Investments, says his global M2 regression puts #gold’s# value around $5,000 as it shifts from a real-rate trade toward a liquidity-driven one.
Fidelity Investments closed the markets! 🔔
@Fidelity's goal is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve.
Fidelity Investments opened a new waterfront headquarters in Boston this week, a splashy foothold in a city that’s still struggling with elevated office vacancies years after the Covid-19 pandemic.
Fidelity International, which has USD1.18 trillion of assets under management, reportedly plans to exit its wholly owned public fund management business in China, just three years after launching the unit, amid fierce local competition and difficulties in building scale. FIL's departure would make it one of the biggest global fund managers to pull out of China. @Fidelity_UK
Fidelity Could Turn Its Ethereum ETF Into A Yield Generator
Fidelity has filed to add staking to its Fidelity Ethereum Fund, known as FETH.
The proposal could allow the fund to stake up to 100% of its ethereum:native.
FETH would continue tracking ether while also earning staking rewards. Shareholders could receive net staking proceeds through quarterly cash distributions.
Anchorage Digital, BitGo and Fidelity Digital Assets would custody the ETH and support staking operations.
The filing is preliminary and must become effective before the changes can take effect.
Fidelity, one of the world's largest asset management firms, is moving onchain with stablecoins
They chose Uniswap as the liquidity layer
Pools for $FIDD are live on the protocol