Have you seen any of Fidelity's all-in-one ETFs? They are a component of stocks, bonds and all of them have a sliver of crypto from 1% for the safest portfolio to 3% for their all-equity ETF.
For this crypto component, it looks like they are only holding Bitcoin.
With assets under management for each of their four funds typically >100M, this is at least $5m invested in crypto from every day households.
With $11T in assets under management representing more than 40million clients, they are one of the largest investment companies in the world. The fact they have crypto as a component in their all in one portfolios is huge.
See source here - https://www.fidelity.ca/en/investments/solutions-portfolios/all-in-one/
Do we think this core component will increase with the inclusion of ETFs?
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