June 19 (Cointime) - There are rumors that Fidelity Management is planning to acquire Grayscale, the world's largest digital asset management company with over $20 billion in assets. Grayscale allows customers to invest in crypto assets through exchange-traded funds (ETFs) and Trusts, with its Bitcoin ETF being the main milking cow, in charge of $16 billion, or 80% of the total assets under management.

Fidelity has doubled down on Bitcoin-related stocks since the start of the year and is now the third-largest MicroStrategy stock owner, increasing its exposure by over 650% year-to-date. Meanwhile, large Bitcoin investors have been accumulating more BTC coins since mid-May, according to on-chain data provider Glassnode.