Cryptocurrency firms are increasingly blending traditional investment options with digital assets, signaling a stronger connection between traditional finance and the crypto world. Gracy Chen, CEO of Bitget, noted that the growing demand for flexibility in investment products is driving this trend. For instance, Securitize has teamed up with Mantle to create an institutional fund that ...
Last week, digital asset investment products faced significant outflows totaling $795 million, marking three weeks of declines driven by ongoing negative sentiment. Overall outflows since February have reached a staggering $7.2 billion, nearly erasing this year’s previous inflows. Bitcoin was the hardest hit with $751 million leaving the Market, although it still has $545 million ...
Bitwise has introduced a new exchange-traded fund (ETF) called the Bitwise Bitcoin Standard Corporations ETF (OWNB), which focuses on companies that hold large amounts of Bitcoin in their reserves. This ETF aims to track the Bitwise Bitcoin Standard Corporations Index, which includes firms with at least 1,000 Bitcoin. Notable holdings include MicroStrategy, Bitcoin mining companies, ...
Revolut, the U.K.-based FinTech company, is planning to dive into private banking by targeting wealthy individuals with over $1 million in liquid assets. Their job postings hint at the introduction of investment products and banking services similar to those offered by traditional private banks. To drive this initiative, Revolut is looking to hire key positions, ...
E-Trade, the online trading platform owned by Morgan Stanley, is considering the introduction of cryptocurrency trading, which could position it as a leading financial firm in the crypto space. This potential move is influenced by expectations of a more favorable regulatory environment under the upcoming Trump administration. However, since Morgan Stanley is a bank holding ...
In 2024, the focus in the cryptocurrency world has shifted significantly towards institutional adoption. With the U.S. approving spot bitcoin exchange-traded funds (ETFs), along with many companies adding bitcoin to their financial reserves, the conversation around crypto is more prevalent than ever. Bitcoin has surged nearly 130% this year and is close to the $100,000 ...
