Another positive news for the entire crypto sector has spread around the world, namely that the Canadian branch of the investment company Fidelity has decided to integrate Bitcoin into its All-in-One ETF products. We learned this news thanks to an official press release, while also changing its risk label from “low to medium” to “medium”, precisely because of the high volatility and unstable nature of Bitcoin.
Such a report is particularly positive given attempts to further adopt bitcoin ETFs, which have failed in the US due to stricter regulation. Some of you may remember that Fidelity decided to support cryptocurrencies a long time ago. However, the official big step towards adoption is only here now, and this is another signal for the entire crypto market that the support of cryptocurrencies is clearly starting to move in the right direction within several companies.