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Fidelity Investments Will Launch New Crypto and Metaverse ETFs Due to Young Investor Demand

Daily Market Wrap

  • Crypto market cap: 1.89 trillion, up 1.83%

  • BTC price stands at USD 40,680, up 2.80%

  • ETH price stands at USD 3,044, up 1.59%

  • Top gainer: STEPN (GMT), up 37.16%

  • Top loser: Decred (DCR), down 14.74%


News of the Day

Why it matters:

  • Fidelity Investments continues to see demand for access to the rapidly growing industries from young investors

  • The first ETF is called “Fidelity Crypto Industry and Digital Payments ETF (FDIG), investing in companies that “support the broader digital assets ecosystem

  • The second is called “Fidelity Metaverse ETF (FMET), focusing on companies that “develop, manufacture, distribute, or sell products or services related to establishing and enabling the metaverse.”

  • The new ETFs will be available on April 21 for individual investors and financial advisors to purchase via Fidelity’s online brokerage platforms

Crypto daily spotlight

Brief introduction: Moonbirds NFT is a collection of 10,000-pixel art birds minted on Ethereum that feature a richly diverse and unique pool of rarity-powered traits, of which the PROOF official will keep 125 for future cooperation and marketing; 2,000 were made available to PROOF Collective NFT holders by a free mint, and each person will have the right to cast two for free; the remaining 7,875 were minted for 2.5 ETH each by those who won an allowlist spot in the form of a public raffle.

Why it matters:

  • The Moonbirds team raised approximately $66 million from the allowlist mint based on current market prices

  • Moonbirds holders will have the first access to PROOF’s upcoming metaverse project called Project Highrise

  • Moonbirds holders will also be able to unlock membership and participate in some private clubs mechanism

  • Moonbirds’ “Nesting” staking allows holders’ NFTs to enter “locked” without leaving the holder’s wallet

  • The shape of the Moonbirds will change accordingly over time


Daily sector tracker


Daily News Roundup


  • Tornado Cash Will Limit The Access from OFAC-sanctioned Wallet Addresses https://bit.ly/3xyuD77

  • The $US620 Million Ronin Hack in March Links to North Korean hackers https://ab.co/3Epu4hy

  • AMC Theatres Mobile App Supports Dogecoin, Shiba Inu, and Other Crypto Payments https://bit.ly/3uRakjH

  • Louis Vuitton Launches New NFTs with Its Mobile App Game Louis: The Game https://bit.ly/3KPFb5y

  • Decentralized Credit-based Stablecoin Protocol Beanstalk Suffered a $180 Million Flash Loan Attack https://bit.ly/3xBtITA

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For more information, please visit https://www.aspendigital.co/

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