Tag: institutional investors

Mar 16 2021

eToro Attains $10 Billion Valuation With New SPAC Merger

Israeli trading app eToro has announced a $10 billion merger with FinTech Acquisition Corp. V. eToro Lands SPAC Deal eToro announced it would merge with FinTech Acquisition Corp. V (Fintech V), a special purpose acquisition company (SPAC) led by serial deal-maker Betsy Cohen....

Mar 08 2021

Norwegian Industrial Giant Aker Creates Bitcoin Unit

Norway-based industrial investment giant Aker ASA has launched a Bitcoin investment unit, according to a press release. Aker ASA Allocates $58 Million to BTC Aker ASA announced on Mar. 8 that it has formed a new...

Mar 07 2021

Chinese Tech Company of Meitu Buys 379 Bitcoin and 15k Ethereum

Quick take: Meitu, a Chinese Technology Company, has purchased 379.12 Bitcoin and 15k Ethereum The purchase was made on the 5th of March at a cost of $22.1M and $17.9M respectively Meitu made the purchases as part of its crypto investment strategy approved by its board of directors Staking sats and ETH by institutions is now a global affair The Chinese technology company...

Mar 02 2021

BlockFi Adds LINK Token, Interest Rate Pending

BlockFi answers the Chainlink army's calls. BlockFi to Add LINK BlockFi said it would add LINK-the native token of decentralized oracle project Chainlink. LINK is the ninth-most...

Feb 27 2021

MicroStrategy Increases Its Bitcoin Holdings

The entire cryptocurrency space has been bearish since Monday, and Bitcoin hasn’t been left out of this trend. The "King Crypto" recorded its highest single-drop since its inception back on Monday. While this may sound like ominous news, many institutional-grade Bitcoin investors are using this as an opportunity to increase their BTC position. Not to be left out, Nasdaq-listed business intelligence company MicroStrategy...

Feb 11 2021

The Top 15 Crypto-Friendly Tax Havens

An increasing number of investors and companies are ready to relocate to tax havens where cryptocurrencies are tax-exempt or have crypto-friendly tax policies. In this guide, Crypto Briefing walks through the top 15 destinations. Leading Tax Havens for Crypto Traders Cryptocurrencies have proven to be a lucrative asset...

Feb 03 2021

CrossTower Launches Bitcoin Fund to Compete With Grayscale’s GBTC

The fund is starting out with $20 million in AUM, largely from family offices, and touts lower fees than the Grayscale Bitcoin Trust.

Swan Bitcoin Launches Service For High-Net-Worth Clients And Institutions

Today, bitcoin investment company Swan Bitcoin announced the launch of Swan Private, its dedicated service to help high-net-worth individuals, corporations and institutions invest in bitcoin and manage their funds. “Swan Private helps clients establish and build their bitcoin position over time,” according to an announcement shared with Bitcoin Magazine. “Clients often make a large purchase to establish an initial position. Swan then...

Bitcoin Market Eyes Grayscale Premium as Unlock Looms

The premium for Grayscale's Bitcoin Trust (GBTC) shares slid into the negative territory yesterday, a rare occurrence for the asset. With another unlock coming up, the premium could face further downside. Grayscale at a Critical Juncture GBTC shares representing 20,000 Bitcoin (worth nearly $700 million) will...

Jan 28 2021

Grayscale Expected to Launch 3 DeFi Trusts According to New Filings

New filing documents indicate that the digital asset firm Grayscale is considering the launch of three trusts for DeFi projects. Grayscale Entering DeFi? Grayscale, the world's largest digital asset manager, registered trusts on Jan. 27, 2020, for...

Coinbase Custody Adds Three More Tokens in Listing Spree

Coinbase Custody has just added Elrond, Fantom, and NKN in the latest token listing round of 2021. Coinbase Listing Spree Focuses on Institutions The American crypto exchange has added support for Elrond,...

Jan 26 2021

Four of World’s Top Universities Reportedly Buying Crypto

Harvard, Yale, Brown, and the University of Michigan are reportedly among a list of universities making endowment allocations in cryptocurrencies. Coinbase and other exchanges are holding the funds. Universities Eye Crypto At least four of the world's leading universities have been buying cryptocurrencies, according to a...

Jan 25 2021

More Institutional Investors Are Buying Ether, Seeing It as a Store of Value

Jan 25 2021 Published at CoinDesk under tags  cme futures coinbase defi ether ethereum

The ether rally appears to be more organic and driven from within the crypto industry.

Jan 22 2021

Institutions Keep Buying Bitcoin’s Dip, Despite Near-term Volatility: Data

Institutions and "whales" have continued their bitcoin purchases, on-chain data shows.

Institutions May Pin Million-Dollar Tags on Bitcoin. That Doesn’t Mean It’s Going to Happen.

Bitcoin price targets in the crypto market are a dime a dozen, and the motivation behind those targets can be dubious. Rob Levy, president and co- founder of the Hxro crypto predictions market,...

New Filing From Grayscale Hints at 5 More Cryptocurrency Trusts

In a recent filing, Grayscale revealed that they may begin offering new single-asset trust products for five more cryptocurrencies. Grayscale's Latest Registration On Dec. 18, 2020, Grayscale's business partner Delaware Trust Company filed five new asset trusts with Delaware's...

Many Institutions Waiting for $2 Trillion Market Capitalization Before Entering Crypto

A new study reveals three key factors that are still keeping institutional enterprises from investing in the cryptocurrency market. Crypto Market Isn't Ready For Institutional Investors eToro published a new research report...

Jan 21 2021

eToro Survey Finds Pensions and Endowments Are Finally Waking Up to Crypto

The exchange quizzed 25 institutional players about crypto investing, including a couple of pension funds.

Jan 20 2021

MicroStrategy’s Stock Price Up 339% Since Adding BTC to its Treasury

Quick summary: Microstrategy's stock price has increased by 339% since the company started adding Bitcoin to its treasury Bitcoin has gained by 216% in the same time period with the Nasdaq gaining 19.5% Institutional interest in Bitcoin is growing with 1.216 Million BTC now owned by private and publicly trading companies Current Bitcoin prices won't matter in a few years as institutions 'hoard'...

Jan 19 2021

CoinShares Offers Institutional On-Ramp With Physically-Backed Bitcoin ETP

Today, digital asset manager CoinShares announced the launch of CoinShares Physical Bitcoin, an exchange-traded product (ETP) with each unit backed by on-chain BTC. The product will carry the ticker symbol “BITC.” “BITC will be the first product released on CoinShares’ new institutional-grade ETP platform and will launch with significant assets under management,” according to a release shared with Bitcoin...

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