Tesla’s $1.5B Bitcoin buy throws the cat amongst institutional pigeons
Elon Musk is either the hero or the villian of the year after Tesla’s Bitcoin purchase polarized opinion among institutional investors. Go to Source Powered by WPeMatico
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Jack Dorsey commits $1M to Coin Center on top of Grayscale’s $2M donation
The D.C.-based advocacy group just raised millions for its ongoing research and lobbying efforts. Here’s how the numbers broke down. Go to Source Powered by WPeMatico
Haunted by Past Elon Musk Predictions, Gold Bug Peter Schiff Tears Into Tesla’s BTC Acquisition
After previously claiming that Elon Musk was too smart to buy bitcoin, Euro Pacific Capital CEO Peter Schiff is reacting angrily to reports that Tesla has acquired the cryptocurrency. In a series of tweets on February 8, Schiff now claims that Musk has no interest in bitcoin’s store of value credentials but is only interested … Read more
Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’
Grayscale CEO Michael Sonnenshein told CNBC that more tech leaders and institutional investors could follow Elon Musk into Bitcoin after Tesla’s $1.5 billion purchase. Go to Source Powered by WPeMatico
Crypto Financial Services Firm Blockfi Launches Competitive Bitcoin Trust
The cryptocurrency financial services firm Blockfi has launched a bitcoin-based trust that offers custody from Fidelity Digital Asset Services. Blockfi’s investment vehicle aims to give investors exposure to the leading crypto asset as bitcoin assets under management (AUM) was over $29 million on February 8, 2021. Blockfi Launches a Competitive Bitcoin Trust With a Sponsor … Read more
Record $584M Litecoin futures open interest signals institutional inflow
Open interest on Litecoin futures hit a record $584 million, a signal that institutional investors like Bitwise and Grayscale Investments are interested in the altcoin. Go to Source Powered by WPeMatico
ETH represented 80% of last week’s institutional crypto inflows
Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows. Go to Source Powered by WPeMatico
Tesla Has $1.5 Billion Worth of Bitcoin on Its Balance Sheet, Plans to Accept BTC for Products
The publicly listed firm Tesla has announced in a Securities and Exchange Commission (SEC) Form 10-k filing that the company has purchased $1.5 billion worth of bitcoin. When the news broke, the price of the leading crypto asset jumped well over 15%, touching a new all-time price high at $44,899 per coin. Tesla, the American … Read more
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’
Grayscale Investments has surpassed the milestone of $30 billion in net crypto assets under management (AUM). The company says the tremendous growth is due to institutional investors, particularly hedge funds. Grayscale revealed Friday that its net total crypto assets under management now stands at $30.4 billion. In the lead is Grayscale Bitcoin Trust, which currently … Read more
The good news for ETH hodlers about insane gas fees
Galloping gas fees are hurting the average user but Grayscale and Ethereum advocates can see the bright side. Go to Source Powered by WPeMatico
