A New Service by Fidelity Will Analyze the Crypto Market For the Institutional Investors
Fidelity launches a service that will help institutional investors to research the crypto market and choose the companies to invest in. It is going to provide the technical and fundamental analysis of the market. The service will be called Sherlock and will work like Terminal by Bloomberg.
Sherlock will be connected to the acknowledged data providers and the best analyst’s will work to provide the fund managers the necessary information. The similar products are already there, for example, Messari and Delphi Digital, so Sherlock will compete with them.
Fidelity is here since 2014. They started from Bitcoin mining. Now they have a blockchain incubator team that performs research and they also have a request for Bitcoin ETF on review. If the SEC approves it, they will become the first American Bitcoin ETF provider.