The 103-year-old bank wants to hold crypto for asset managers and hedge funds as Wall Street begins offering cryptocurrency products to institutional clients.
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Category: institutional adoption
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Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins Swells
The newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts. Low-Fee Offering to be Launched on OTCQX Market Bitcoin may have been the first crypto to make a splash in traditional financial markets via […]Powered by WPeMatico
Possible Bitcoin treasury adoption as more companies cite inflation concerns
Bitcoin is likely a topic of conversation among the treasury department of many U.S. companies amid rising inflation.
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Ether options open interest grows 80-fold amid rising institutional appetite
Open interest in Ether options trading has increased from $50 million to $4 billion over the last year.
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Crypto Exchange Luno Says South Africa’s Crypto Trading Dominated by Young People
Luno, one of Africa’s pioneering crypto exchanges, has revealed that South Africa’s cryptocurrency trading is largely dominated by young people with those under the age of 29 accounting for 40% of transactions. The exchange, which claims to have added nearly a million new South African customers in 2020, also reveals that “around 65% of Luno’s […]Powered by WPeMatico
JP Morgan: Bitcoin’s Decreasing Volatility Makes It More Appealing to Institutions, Revises BTC Price Prediction to $130K
JP Morgan says that bitcoin’s volatility has decreased in recent weeks, making the cryptocurrency more appealing to institutional investors. The investment bank has also revised its bitcoin price target to $130,000. Increased Institutional Adoption, New Price Prediction for Bitcoin JPMorgan said last week that bitcoin’s price volatility has been declining in recent weeks, noting that […]Powered by WPeMatico
Crypto M&A Deals Set a New Record in 2020, Surging to $1.1 Billion
The cryptocurrency bull run has been the most notorious headline highlighted in the last few months, but more figures are being watched beyond bitcoin prices. A new report released by Pricewaterhousecoopers (PWC) revealed that crypto merger and acquisition (M&A) deals skyrocketed in 2020. 2021 Is on Track to Surpass Last Year’s Numbers, PWC Says Quoted […]Powered by WPeMatico
Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption
British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion. The firm believes that we are “at the foothills of a long trend of institutional adoption and financialization of bitcoin.” A Long Trend of Institutional Bitcoin Adoption Ruffer provided an update […]Powered by WPeMatico