A Bitcoin ETF approval will open the door for more conservative investors, and this could have an irreversible impact on the price of BTC. Some financial experts believe that the price of cryptocurrencies is solely driven by investors’ speculation, and in the past few years, detractors have suggested that fixed income instruments like Treasury bills…
Read more
Ethereum and Cardano continue to dominate inflows to institutional crypto investment products while demand for BTC weakens. Institutional inflows to altcoin investment products have continued to increase this past week, but the same cannot be said for Bitcoin. In its Digital Asset Fund Flows Weekly report on Aug. 30, institutional asset manager CoinShares identified overall…
Read more
The investment firm already has significant exposure to gold, minerals, precious metals, petroleum, and other natural resources. Texas-based investment manager U.S. Global Investors, which reported $4.6 billion in assets under management as of Q1 2021, has bought exposure to Bitcoin. According to Aug. 30 filings from the U.S. Securities and Exchange Commission, U.S. Global Investors…
Read more
Grayscale Investments has filed to make its $630 million diversified large-cap crypto fund an SEC reporting company. Grayscale has filed its third Form 10 with the United States Securities and Exchange Commission to convert one of its investment funds into an SEC-reporting company. Tweeting on Thursday, Grayscale announced that the company’s Digital Large Cap Fund,…
Read more
The Grayscale Bitcoin Trust continues to trade at a discount compared to BTC, a situation that presents a unique challenge to Grayscale and investors. Since 2013 the Grayscale Bitcoin Trust Fund (GBTC) has offered its investors exposure to Bitcoin (BTC) through a publicly quoted private instrument. However, the trust’s convertibility and liquidity vastly differ from…
Read more
Streami, the company behind the popular GOPAX exchange, has received direct funding from Digital Currency Group. Digital Currency Group, the venture capital firm behind some of the biggest companies in blockchain, has become the second-largest shareholder of Streami, a leading cryptocurrency exchange operator in South Korea. Barry Silbert, founder and CEO of Digital Currency Group,…
Read more
The company’s Crypto20 index fund registered 221% growth quarter-over-quarter. Cryptocurrency asset manager Invictus Capital saw significant growth in assets under management during the first quarter, highlighting the rapid uptake of digital assets among institutional investors. Assets under management surged by 50% to $112 million in the quarter ending March 31, Invictus disclosed Thursday. The company’s…
Read more
Accredited investors will soon have over the counter access to a DOT investment trust In a market once dominated by a handful of BTC vehicles, there are now a growing number of products offering investors access to gains from popular altcoins like Polkadot. Yesterday, Osprey Funds announced the launch of the Osprey Polkadot Trust. The…
Read more
Digital Currency Group and Coinbase have made Time Magazine’s 2021 top 100 most influential companies list. Time Magazine continues to warm up to crypto, naming Digital Currency Group and Coinbase in the magazine’s 2021 Top 100 Most Influential Companies list. Published on April 27, the Top 100 emphasized the impact the two crypto giants have…
Read more
Rothschild Investment Corp, has acquired more than 250,000 shares in Grayscale’s ETH trust, and added 8000 shares to its BTC trust holdings — however the firm holds zero ties to the famed Rothschild family dynasty. Chicago-based financial institution Rothschild Investment Corp, has acquired 265,302 shares in Grayscale’s ETH trust, according to a filing on April…
Read more
