Fidelity, Vanguard, Schwab Funds Have Been Loading Up on Crypto Mining StocksThree of the largest asset managers are diversifying their funds to hold blockchain stocks, throwing more establishment financial might behind bitcoin’s technology.news coming from Ada Hui via CoindeskThe 10 Largest Investment Management Companies WorldwideSomething to keep in mind, not everyone has taken a seat. 1. BlackRockAUM: $6.84 trillionBlackRock is not just the world’s largest asset manager, but one of the world’s largest financial institutions. The company was founded in 1988 and went public in 1999. The firm has been influential in advancing the growth of exchange-traded funds (ETFs), through its iShares products. iShares now comprise more than a quarter of BlackRock’s assets under management.22. The Vanguard GroupAUM: $6.2 trillionVanguard has become synonymous with the strategy of passive investing, in which money is placed in mutual funds designed to mirror the activity of specific indexes or the broader stock market. Vanguard boasts of low expense ratios for most of its funds. In addition to asset management, Vanguard offers brokerage services, financial planning, annuities, and other services.33. UBS GroupAUM: $3.26 trillionUBS Group has four interdependent divisions that operate around the world. The Switzerland-based firm describes itself as the "only true global wealth manager." About $2.3 trillion is tied up in wealth management versus $903 billion in asset management.44. State Street Global AdvisorsAUM: $3.12 trillionBoston-based State Street is the subsidiary of State Street Corporation. It manages investments for a wide range of institutional clients including non-profits, local governments, associations, and even educational groups.55. FidelityAUM: $3.2 trillionFidelity is an asset manager and a discount broker with more than 27 million customers. It offers an online platform for individual investors to buy and sell securities, and also manages entire portfolios on behalf of clients. In the summer of 2018, it made headlines when it began offering mutual funds with a zero expense ratio and minimum investment requirement.66. AllianzAUM: $2.36 trillionThis German firm is primarily an insurer but operates two asset management divisions: Allianz Global Advisors and PIMCO. By itself, PIMCO has $1.76 trillion under management, which is good enough to also land it on this list.787. JPMorgan ChaseAUM: $1.9 trillionMost people think of J.P. Morgan Chase as an investment bank, but it has a robust asset management business and got $1.3 billion in assets moved from BlackRock as part of a new custody arrangement in 2017.98. Bank of New York MellonAUM: $1.9 trillionThe history of this company dates back to its founder, Alexander Hamilton—perhaps you’ve heard of him. More than 230 years later, BNY Mellon manages investments for individuals and investments in 35 countries.109. Capital GroupAUM: $1.8 trillionThis Los Angeles-based firm was founded all the way back in 1931, making it one of the oldest in the world. It offers more than 40 mutual funds through American Funds Distributors, which is its subsidiary.1110. PIMCOAUM: $1.76 trillionAs mentioned earlier, PIMCO is managed under the same company as Allianz. Although it was acquired by a German company, it is headquartered in California, and it continues to operate as an autonomous subsidiary of Allianz.Bitcoin Heading Towards 11.5K?charts by TradingShot via TradingViewCrypto King John McAfee Arrested and Sued for Shilling ICOsThe US Department of Justice announced that John McAfee is under arrest in Spain and awaiting extradition on tax evasion charges.The SEC has also sued John McAfee, claiming he made over $23 million from touting ICO projects while lying to investors.Subscribe via iTunes or Substack. Also follow on Twitter and Medium."If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts a…