ResearchInstitutionalInsightsThecaseforbitcoinAresearch-basedframeworkmayhelpinvestorsunderstandbitcoin’suniquefeaturesandrisk/returncharacteristicsasanalternativeinvestmentwithinamulti-assetclassportfolio,andthepotentialroleofasmallallocation.Fidelityasafirmisfocusedonhow—notif—digitalassetswillbecomepartofthefinancialindustry’sfuture,collaboratingacrosstheindustrytoensurecustomerchoice.Thefirmseekstoprovideinvestorswithchoicessotheymaygainexposuretodigitalassetsiftheychoosetodoso,inawaythatisrightforthem.Someinvestorsmaywanttoallocatetobitcoinandarecomfortablewiththerisksitentails,includingthepossibilityitcouldloseallitsvalue.Forinvestmentprofession...