BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022.
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Category: mutual funds
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Fidelity’s New 401(k) Product Lets Workers Add Up to 20% in Bitcoin to Their Retirement Plans
The multinational financial services corporation based in Boston, Fidelity Investments, has revealed the firm is allowing people to add bitcoin into their 401(k) plan as long as the employer allows it. According to Fidelity’s head of workplace retirement offerings, the company has seen “growing interest from plan sponsors” that wanted to add bitcoin to retirement […]Powered by WPeMatico
Indian Regulator SEBI Wants Mutual Funds to Stay Away From Crypto Investments Until Legislation Is Finalized
The Securities and Exchange Board of India (SEBI) has reportedly asked mutual fund companies not to get involved or invest in any type of crypto asset-based investments until the Indian government has come up with cryptocurrency legislation. SEBI Asks Mutual Fund Companies to Wait for Crypto Legislation The chairman of the Securities and Exchange Board […]Powered by WPeMatico
Bank of Russia Wants to Ban Mutual Funds From Investing in Cryptocurrency
Russia’s central bank intends to prohibit mutual funds from acquiring crypto assets or related financial instruments. The proposal, which is in line with its hard line stance on decentralized digital money, comes after the regulator urged stock exchanges to avoid trading securities tied to cryptocurrencies. Central Bank of Russia Issues Draft Directive Banning Crypto Investments […]Powered by WPeMatico
Mudrex launches DeFi mutual fund model for retail investors
The crypto firm is expected to offer investment options for DeFi and NFT assets.
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4 reasons why Paul Tudor Jones’ 5% Bitcoin exposure advice is difficult for major funds
Major funds are probably interested in Bitcoin and altcoins, but four significant hurdles are preventing them from investing.
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Alternative 401(k) Product Offers In-Plan Cryptocurrency Investment via Coinbase Institutional
On Monday, the San Francisco-based retirement plan provider for small to medium-sized businesses, Forusall, announced the launch of an alternative 401(k) plan that offers in-plan cryptocurrency access. According to the alt 401(k) investment option, Forusall is working with Coinbase Institutional as its retirement plan partner. Forusall and Coinbase’s Institutional Arm Offer Crypto-Infused Alt 401(k) Plan […]Powered by WPeMatico
SEC to Scrutinize Funds Invested in Bitcoin Futures
The U.S. securities watchdog has announced it will scrutinize mutual funds that include investments in bitcoin futures markets to verify funds that comply with the Investment Company Act. The institution warned about the dangers of investing in bitcoin futures markets due to the implicit volatility of the underlying asset. SEC Warns Funds About Bitcoin Futures […]Powered by WPeMatico
Morgan Stanley Adds Bitcoin to 12 Mutual Funds’ Investment Strategies
Morgan Stanley has filed with the U.S. Securities and Exchange Commission (SEC) to add bitcoin exposure to 12 of its mutual funds’ investment strategies. These mutual funds may invest in bitcoin futures as well as obtain indirect exposure to the cryptocurrency through investments in Grayscale Bitcoin Trust, the filing details. Bitcoin Exposure for 12 Morgan […]Powered by WPeMatico
Guggenheim CIO: ‘Speculative frenzy’ to die down, but $400k target still on
While some traders have gotten mixed signals, Guggenheim’s Scott Minerd is taking the long view.
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