Fidelity will open bitcoin exchanges to institutional investors only within weeks

bloombergreportsFidelity Investments bought and sold bitcoin, the world's most popular digital asset, for institutional clients over several weeks, according to people familiar with the matter.

Fidelity started offering bitcoin hosting earlier this year.

The boston-based company is one of the world's largest asset managers. In October, the company created Fidelity Digital Assets, betting that Wall Street would be interested in the new transactions and that Digital currencies would grow.

It also puts fidelity one step ahead of its main rivals, who have mostly stayed on the sidelines. The company said in October that it would provide bitcoin with over-the-counter transaction execution and transaction transfer services earlier this year.

Fidelity will work with E*Trade Financial corp. and Robinhood to offer cryptocurrency trading to clients, the person said, speaking on condition of anonymity. Fidelity, however, is only targeting institutional clients.

Blockbeat Blockbeats previously reported fidelity's May 2 release of aThe study found that, 47 percent of institutional investors think digital assets are worth investing in.

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