The assets under management (AUM) in crypto-backed exchange-traded products (ETPs) and exchange-traded funds (ETFs) are likely to surpass USD 120bn by the year 2028, fueled by institutional demand and possible US policy changes, according to analysts at Bloomberg Intelligence. This figure is likely to be seen even without large increases in crypto prices, their…
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US-based enterprise software firm MicroStrategy has purchased another BTC 4,167, worth some USD 190.5m, the company’s CEO Michael Saylor announced on Tuesday. Tuesday’s announcement that the firm has added even more bitcoin (BTC) to its already massive holdings follows news from last week that the firm took a USD 250m loan from the crypto-friendly…
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Inflows into digital asset investment products reached USD 180m last week. The figure marks a decline from a revised number of USD 244m the week before, when inflows reached their highest level since 2021, according to the crypto investment firm CoinShares. The inflows into crypto-backed regulated investment products covered funds backed by both bitcoin…
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A Japanese, Singapore-based private equity fund is allegedly set to buy a controlling stake in bitFlyer, Japan’s major crypto exchange. Per Nikkei and CoinPost, the move has been made by the ACA Group, which has agreed on a deal with a coalition of shareholders of the firm bitFlyer Holdings. The latter owns the lion’s…
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Nearly half of the surveyed crypto owners made their first crypto purchase last year, according to a survey commissioned by crypto exchange Gemini. Specifically, some 50% of cryptoasset owners from the US, Latin America, and the Asia Pacific region bought their very first crypto in 2021, the report found. The opinion poll was carried…
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The Asian banking giant DBS appears to have reeled in plans to open its crypto exchange services to retail investors – and has apparently been spooked by regulatory concerns…. Read More: DBS Retracts Plans to Launch Crypto Exchange for Retail Investors, Cites Regulatory ‘Environment’ Concerns Read more »Pay, Trade, Buy Bitcoin with Credit Card
If you don’t have a strategy, you cannot successfully invest in or trade any asset – stocks, bonds, crypto, etc. The same rule applies to NFTs. With the boom in the NFT market last year, we have witnessed more investors allocating capital toward NFTs. And with that, numerous NFT investment and trading strategies emerged…
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Co-Authored by Jaideep Singh, CEO of AI-powered, SaaS platform FlyFin, Luke Olson, CPA, and Sridevi Yathirajyam, EA, FlyFin. __________… Read More: Walking the Crypto Tax Tightrope in US Read more »Pay, Trade, Buy Bitcoin with Credit Card
Former BitMEX CEO Arthur Hayes hinted he may rebalance his investments away from bitcoin (BTC) and in favor of Ethereum’s native ETH token, arguing “a massive wall of money” will enter ETH once it is seen as an ESG-friendly, yield-bearing asset to push its price north of USD 10,000. Writing in a new essay…
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A whopping 88% of high-net-worth (HNW) traditional art collectors say they are interested in buying digital art in the form of NFTs, a new report on the art market for 2022 has found. According to The Art Market 2022 report, which is published jointly by the annual art exhibition Art Basel and Swiss banking…
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