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Wall Street giant Fidelity expands its cryptocurrency investment portfolio to $26 billion.
A new report shows that the amount of cryptocurrency held by Fidelity has increased by more than 5.3 billion USD since the beginning of 2025, reflecting the surge in institutional demand for Bitcoin and Ethereum.
At the beginning of the year, two Fidelity spot ETFs — Bitcoin ETF (FBTC) and Ethereum ETF (FETH) — held over 201,000 BTC and 462,000 ETH, worth approximately 20.55 billion USD. As of August 20th, this portfolio has changed to 199,127 BTC and 728,939 ETH, raising the total value to 25.92 billion USD.
Although the number of BTC has slightly decreased, the price of Bitcoin has surged from 92,595 USD to 113,500 USD, which has helped the portfolio increase by nearly 3.8 billion USD. Meanwhile, Ethereum has shown outstanding growth: the number of ETH increased by 62% and its value doubled, from 1.55 billion USD to 3.16 billion USD. This is seen as a clear sign of the expansion of institutional capital into the cryptocurrency market.