This is an interesting development. If these investors decide to divest from this Bitcoin custodian it may cause a dip or buying opportunity. If they don't its an indirect signal to the finance world that this Bitcoin thing is okay. I would love to see Fidelity, with it's trillions of dollars of holdings open a Bitcoin fund or add Bitcoin to one of its sector funds, then watch what happens.
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They may. I've seen quite a few things recently about Fidelity furthering their involvement with crypto.