Fidelity updates ETF portfolio allocation, cryptocurrency investment allocation range will be 1-3%
Information disclosed by Reflexivity Research co-founder Will on X platform shows that asset management giant Fidelity has updated the investment portfolio configuration of its exchange-traded fund (ETF) products. Currently, the product offers four different ETFs, with cryptocurrency allocations ranging from 1% to 3%. It is reported that according to Fidelity, the adjustment to the cryptocurrency investment allocation range is to strategically engage with cryptocurrency to enhance the level of diversified investment, and to maintain a small amount of cryptocurrency allocation in the investment portfolio can bring higher potential returns and serve as a hedge against traditional markets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Curve founder extends lock-up period for all veCRV to 4 years
Crypto funds saw a net inflow of $2.2 billion last week, setting a new record for asset management
Linea: 476,000 Sybil attack addresses found, no airdrops will be given