The SEC announces amendment to the Securities Law w.r.t. to the definition of “accredited and institutional investor.” The U.S. Governmental agency is looking to recognize the knowledge and expertise of individuals to freely participate in the financial markets. The new definition seeks to provide favourable treatment for “qualified and knowledgable” individuals in addition to the
Grayscale Investments LLC. reports yet another high in quarterly inflows with $905.8 million in 2Q20, totalling $1.4 billion since the beginning of the year. The Trust Fund indices which are only available to accredited and institutional investors also saw a significant increase of new investors. Reportedly, ‘new investors accounted for $124.1 million of inflows and 57% of the investor base.’
Bitcoin (BTC) failed to break key resistance at $9,700 earlier on Friday, May 29, 2020, retracing back to current levels at $9,400 with the May 2020 option contracts expected to expire this Friday. Despite the retracement, the top cryptocurrency signals a possible recovery with BTC perpetual Futures open interest hitting levels last seen before the
When Paul Tudor Jones, billionaire hedge fund manager first spoke about Bitcoin (BTC), it soared to touch the holy resistance mark at $10,000. Now, the legendary fund manager stated that almost $100 million in his total assets are in Bitcoin (BTC) – about 1 to 2 percent of his total assets. Paul Tudor, A Critic
Chicago Mercantile Exchange (CME’s) Bitcoin options trading volumes hit an all-time high in nominal dollar terms on May 5 set a record $10 Million less than six months since launch. The soar in BTC option volumes gives a sense of institutional investment coming into Bitcoin as the cryptocurrency heads to its third halving. CME Bitcoin
North American exchange-traded, The Bitcoin Fund, QBTC.U, trades over 160,000 shares in the past 24 hours. The share jumped 3.4% in the same period, as the underlying BTC soared past $7,800 on Thursday. Institutional investment is creeping in despite the challenging times caused by the COVID-19 pandemic. Institutional investment in Bitcoin (BTC) is not dead.
As the cryptocurrency market struggles to regain its footing to reach levels set earlier this year, Grayscale, a crypto investment firm largely focused on institutional investors announced a spike in its crypto assets inflows in its Q1 2020 report. The rapid growth in Grayscale’s crypto inflows to a record high of $500 million in Q1
Saturday turned out to be the slowest day for crypto markets as total Bitcoin Futures volumes on the BitMEX platform was recorded to be a minor $948 Million. Are Bitcoin Futures Trading Low? While the leading derivatives exchange BitMEX only traded futures worth $948 Million, Binance Futures recorded a trading volume of 16k BTC in
The Financial Regulator in the UK, the FCA (Financial Conduct Authority), recently proposed a ban on the sale of crypto ETNs to retail investors. Coinshares, Europe’s largest digital assets manager, presented a Response to the proposed rule – FCA CP19/22. The FCA argues that cryptocurrencies are highly volatile, lack price discovery and intrinsic value. Hence,
The VanEck SolidX ‘limited’ Bitcoin ETF is now three days old, however, it seems it is having trouble gaining attention from investors. As of now, only assets worth 4 BTC have been put into the fund so far. Lack of Interest Witnessed in Institutional Investors Although the Bitcoin product has been live for three days,
The weekly volume metrics on CME projects a rise of 600% in the trading volume. The average volume in the last two weeks is 6.85(negative) and 7.72 (positive), units respectively. However, the volume in previous weeks is lower at around 1.031 and 0.87 units. The institutional interest in Bitcoin [BTC] is evidently on the rise. The two
Mike Novogratz noted in a recent interview that the next Bitcoin [BTC] price rally is going to be “much quicker.” Despite the bearish tidings, he continues to be optimistic about Bitcoin. However, he believes that the entire ecosystem could take 5-6 years to build Bitcoin [BTC] and the crypto markets have been reeling under bearish
Bitcoin has gained more than 180% since the beginning of this year; the bullish run came at the wake of the bear market. The apprehensions about further downside grew deep in January and February. The cryptocurrency markets, however, reversed its momentum and has been on the rise since then. The total market capitalization of cryptocurrencies
Bitcoin [BTC] witnessed robust growth during the past day as it broke above $8700 resistance. The total market dominance of Bitcoin also increased by about a percent as altcoins adjusted to the growth in Bitcoin [BTC]. The total market capitalization of Bitcoin has added about $10 billion in the past two days. Also Read: Bitcoin [BTC]
Is bull really continued? Although the downtrend in the price of Bitcoin since late 2017 saw 74% decline, this seems to have very less effect on New-York based Grayscale Investment venture. According to CEO, Barry Silbert, the firm has raised over $20 million in the latest week which is reportedly the highest value since 2017.
Everyone that has ever traded cryptos knows for sure that it’s the institutional money this is expected to change the game for the industry. There was a long wait for Bitcoin ETF but there is no result yet. Finally, the patience seems to be running off as the leading institutions including hedge funds have suddenly
The Luxemburg based Cryptocurrency Exchange, Bitstamp has obtained a bitlicense from the New York Department of Financial Services (NYDFS) after a three-year wait. The NYDFS is one of the most stringent financial regulators of the world. It is the home to some of the most prominent financial institutions of the world. Also Read: What is BitLicense? Why it’s
Interesting times are ahead as institutional players acknowledge the power of Bitcoin and crypto despite the crypto market crash. With the focus on establishing a standard for the trading venue and custody platform, these players are working on creating a “trusted platform.” The Potential of Bitcoin & Crypto can’t be Ignored While Bitcoin crashed over
If you ask 10 people, 9 people would say that Institutional money is expected to trigger the next bull run in crypto markets. It was assumed that the Bitcoin ETF would open floodgates for institutional money, but umpteen number of rejections and delays seems to have forced institutional investors to take various routes into cryptos.
It’s been long talked about that institutional money would change the flow of cryptocurrency prices in days to come. A lot of eyes were glued to the Bitcoin ETF but it’s still some distance away. While institutions were waiting on the sidelines to get an entry into crypto markets, the recent slide in prices has