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nobody | 7 months ago (raw) | export | reply | flag +8 
 Fidelity is the only ETF doing self custody. 
Where do they buy their coin?

Coinbase?

If true, then will Fidelity make a play soon to get into the BTC exchange game?  
Then they just buy from themselves. 🧐🧐🧐

That could hurt Coinbase. They could just buy Strike maybe.
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mrclownworld | 7 months ago (raw) | root | parent | reply | flag +1 
 A quick gander at their logo suggests they don’t intend to share https://image.nostr.build/aa1cb18c7e0e927b8f5286d91e55c22526d0fcc0bedecf1436cc41f39b5d2c02.png
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nobody | 7 months ago (raw) | root | parent | reply | flag 
 Yup. Ned Johnson incorporated some crazy Japanese business practices into their culture as well. 
Fidelity is an interesting company. 
Never went public. Never will go public either.
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Bit 🐳 Ish | 7 months ago (raw) | root | parent | reply | flag +1 
 If memory serves, fidelity has been mining for many years.
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nobody | 7 months ago (raw) | root | parent | reply | flag +1 
 Yes. They have. Timmer is lead there. 
Abby Johnson also personally mines BTC. Has been for many years.
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Bit 🐳 Ish | 7 months ago (raw) | root | parent | reply | flag 
 Mining since 2014. They're OGs
https://i.nostr.build/4oROD.jpg
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Tortuga | 7 months ago (raw) | root | parent | reply | flag +2 
 No, they do not get their coin from Coinbase. Fidelity uses Jane Street and Cumberland to source OTC corn for their ETF. And then self custody’s that corn in a separate arm of their corporate structure.
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nobody | 7 months ago (raw) | root | parent | reply | flag 
 👊👊👊🔥