I think this story is significant and a good investigative journalist who went digging would find some verrrry interesting ructions in the background here.
One of the biggest pension fund operations allows bitcoin investments one day and the next it halts them? Who's peddling influence here? Who's pulling the strings? Is it the Federal Reserve bureaucrats acting outside their lawful mandate? Is it a cartel of banks pressuring a fund provider?
Smells like corruption and possible illegal activity behind the scenes here to me. These boyz have to be real careful in their unseemly internal battle over bitcoin that their usual modus operandi doesn't spill out into the streets for all to see their ugliness and criminality.
Fidelity had $4.2 trillion in assets under administration as of Aug. 31, according to the firm’s website.
Couldn't have 0.1% of this pie leaving dollar denominated assets now could we?