Fidelity Marketing Executive: 90% of Top Clients Are Asking About Bitcoin

On August 16, Christine Sandle, head of sales and marketing at asset management giant Fidelity, said in an interview with The Boston Globe that 90% of Fidelity’s top clients are asking about Bitcoin.

She said, "We are dealing with more traditional investors, and the entry tool in this space is mainly Bitcoin." In addition, she added that the interest in altcoins is "completely different from what we see in Bitcoin." In addition, when Tom Jessop, president of Fidelity's digital asset business unit, was asked whether it would support other altcoins, Jessop replied: "In terms of asset coverage, I don't think we will be the most comprehensive service provider."

Earlier in March, Fidelity Digital Assets submitted a Bitcoin trust application to the US SEC. It was also reported that Fidelity has been mining Bitcoin since 2015, and its operations "mainly rely on Canadian hydropower" and other renewable energy. At present, the scale of Fidelity's Bitcoin mining business is unknown, but it is said to be small and highly profitable.