• Rumors of Fidelity acquiring Grayscale persist, with the financial giant reportedly interested in the Bitcoin fund and a possible Spot ETF.
• Grayscale offers services for several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Decentraland (MANA) etc.
• Fidelity has doubled down on Bitcoin-related stocks since the start of the year and is now the third-largest MicroStrategy stock owner.

Rumors Of Acquisition

According to rumors from “foreign sources,” American financial services corporation Fidelity Management plans to acquire Grayscale, the world’s largest digital asset management company with over $20 billion in assets.

Why Is Fidelity Interested?

Grayscale allows customers to dab into crypto assets through exchange-traded funds (ETFs) and Trusts. The digital asset manager currently offers services for several cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Chainlink (LINK), Decentraland (MANA) etc. However, Grayscale’s Bitcoin ETF is the main milking cow, in charge of $16 billion, or 80% of the total assets under management. Notably, while it does offer a Bitcoin Futures ETF, it does not have a Spot ETF; both Fidelity and Grayscale have applied for one but have been rejected by the US Securities and Exchange Commission so far.

What’s In It For Fidelity?

Grayscale claims that its Bitcoin Trust enables investors to gain exposure to BTC while avoiding challenges associated with buying, storing and safekeeping BTC directly. Meanwhile Digital Currency Group(DCG) -Grayscale’s parent company- is one of the largest bitcoin holders in the world after Satoshi Nakamoto making them an influential player on the market. Despite having over $50 billion worth of AUM last year due to a tough 2021 their assets are now down to $20 billion which makes them an attractive acquisition target for any corporation with a crypto appetite like Fidelity who has mostly had indirect crypto exposure so far this year through investments in stocks related to bitcoin such as MicroStrategy which they are now currently the 3rd largest stockholder of increasing their exposure by 650%.


The rumor that Fidelity is planning on acquiring Grayscale may be true given how much money there is to be made from cryptocurrency and other blockchain related technologies as well as how much potential they may bring equally if not more than traditional investment platforms such as stocks bonds mutual funds etc., especially given how volatile cryptocurrency prices can be compared those traditional investment options.. The rumors however remain just that until proven otherwise but regardless what we can draw from this situation is that bigger players such as Fidelity are starting become more involved in cryptocurrency space which could mean even larger amounts of institutional money investing into these markets soon enough leading potentially large influxes liquidity which usually drives prices higher along with whale accumulation pushing up prices even further due its fear missing out effect(FOMO).


Rumors persist that American financial services giant Fidelity Management plans to acquire Grayscale -the world’s largest digital asset management company- due its potential profits from cryptocurrency related investments and technology developments alongside offering regulatory clarity when it comes trading digital assets . Although nothing has been confirmed yet what we can take away from this news is that big institutions like fidelity are increasingly becoming more involved within this space which could lead potentially large influxes liquidity driving up prices further along with whale accumulations spurred by fear missing out effect(FOMO).

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