Fidelity's Crypto Fund Hits $28 Billion Mark

Fidelity's Wise Origin Bitcoin Fund has been managing $28 billion in assets since its rollout in September 2026, as part of the company's expansion into 401(k) plans.

This move follows an executive order from President Trump in August 2025 that allowed crypto inclusion in retirement accounts.

The fund uses a cash-creation model where authorized participants buy or sell blocks of 25,000 shares called Baskets to keep the market price near the net asset value.