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Institutional Investors Including Charles Schwab, Fidelity And Vanguard Add To Blockchain Investments
Summary: Charles Schwab, Fidelity and Vanguard are purchasing blockchain stocks furthering institutional support of the technology, SEC filings show. Riot Blockchain, HIVE Blockchain Technologies, Hut 8 and BC Group are all companies the three asset managers the have invested in. Schwab purchased 22,977 Riot shares for $52,000; Vanguard invested in 954,229 Riot shares worth $2,118,000; and Fidelity 176,242 Riot shares ...
Charles Schwab, Fidelity and Vanguard are purchasing blockchain stocks furthering institutional support of the technology, SEC filings show.
Riot Blockchain, HIVE Blockchain Technologies, Hut 8 and BC Group are all companies the three asset managers the have invested in. Schwab purchased 22,977 Riot shares for $52,000; Vanguard invested in 954,229 Riot shares worth $2,118,000; and Fidelity 176,242 Riot shares worth $230,115. Riot Blockchain provides services for mining Bitcoin.
Schwab invested in Riot Blockchain, adding to investments the mutual fund manager has made in the crypto space. The company has also invested in Alchemy, an Ethereum application platform. Meanwhile, Vanguard has been piloting Symbiont’s blockchain for foreign exchange transactions and Fideltiy has a digital assets arm – set to launch a trading service and a bitcoin index fund.
By Emily Mason
Tags: Blockchain Investments,Charles Schwab,Fidelty,Vanguard
Link: Institutional Investors Including Charles Schwab, Fidelity And Vanguard Add To Blockchain Investments [Copy]
