Fidelity FBTC receives a total investment of 40 million US dollars from two American asset management companies

PANews reported on April 24th, according to Cointelegraph, Fidelity Bitcoin Spot ETF FBTC received a total investment of 40 million US dollars from two traditional asset management companies in the United States. Bloomberg analyst Eric Balchunas stated that financial advisory firms Legacy Wealth Management and United Capital Management of Kansas recently invested $20 million each in FBTC, becoming major shareholders of the fund. It is reported that Legacy Wealth Management manages assets exceeding $359 million, while United Capital Management of Kansas manages assets over $436 million. Data from research company Fintel shows that Bitcoin accounts for 6% and 5% respectively of these two companies' investment portfolios.