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US Asset Managers Invest in Bitcoin Through Fidelity’s ETF

Apr 29, 2024

Two US investment advisors, Legacy Wealth Asset Management and United Capital Management, have invested $20 million in Bitcoin through Fidelity’s ETF. Their portfolios now hold 6% and 5% allocations to BTC. This investment surpasses the $17 million previously invested in BlackRock’s ETF and IBIT by these firms. United Capital Management's banner stating “WE’RE COMING FOR YOUR COINS DEGENS” was briefly displayed on their website before being removed. The influx of $40.88 million into BTC has led to significant growth in spot Bitcoin ETF inflows, dominating the outflows in the second week of April. Despite this, the influx did not have a major impact on the price trend, but Bitcoin saw a 3.35% increase in the third week of April, reaching around $64,100.

Borroe Finance Attracts Investor Interest

Borroe Finance has become a prominent player in the CrossFi space, offering an AI-funding marketplace for web3 users and businesses. The platform’s unique crowdfunding approach has gained attention from both users and investors, resulting in successful presale stages. Through this platform, web3 participants can convert their future earnings into NFTs for trading on the secondary marketplace. Borroe Finance has also implemented various strategies, such as token burns and liquidity locks, to enhance the value of its utility token, ROE. The platform has already raised $3.97 million by selling over 298 million ROE tokens, with the current price at $0.02. Once the presale concludes, ROE will enter the mainstream market at $0.025, providing early investors with a 150% return on their investment.

For more information on Borroe Finance, visit the Borroe Finance Presale site, join the Telegram group, or follow Borroe Finance on Twitter.

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