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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

Fidelity Investments announced the launch of ETFs to offer investors exposure to the crypto industry and the metaverse

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

Potential New Blue Chip NFT Project Moonbirds’ Floor Price Soars to Over 13 ETH When Minted

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

About Aspen Digital

Aspen Digital is a leading technology and financial services company with a mission to accelerate the mass adoption of digital assets. The company provides a digital asset management solution for asset managers, institutions, and sophisticated investors. Aspen Digital was co-founded by digital assets innovators and asset management veterans at Everest Ventures Group (“EVG”) and TT Bond Partners (“TTB”) in 2021.

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

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