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 ...
The BlackRock BUIDL fund is the firm’s first tokenized money Market fund, enabling traditional financial products to be traded as digital tokens on blockchains. As a mutual fund, it invests in high liquidity, short-term debt instruments like US Treasury bills and cash, offering investors a way to earn income without significant capital risk. BUIDL has ...
In a notable turnaround, U.S. spot Bitcoin exchange-traded funds (ETFs) saw a substantial inflow of $94.3 million on February 28, ending an eight-day period of outflows. The ARK 21Shares Bitcoin ETF and Fidelity Wise Origin Bitcoin Fund led the charge, attracting $193.7 million and $176 million, respectively. However, these gains were modest compared to the ...
The SEC has recently approved NYSE Arca’s proposal to list a new ETF that combines investment in Bitcoin and Ethereum. This hybrid investment product is significant as it shows the SEC’s growing comfort with cryptocurrency-backed financial products. The approval process was notably faster than usual, taking only 45 days compared to the typical 240 days, ...
Coinbase CEO Brian Armstrong recently announced that traditional finance institutions are set to increase their investments in cryptocurrency. Speaking on social media after attending the World Economic Forum in Switzerland, he noted that major players like banks and asset managers are eager to expand their crypto portfolios and build on blockchain technologies. Armstrong highlighted that ...
The White House Watch newsletter is now available for free, offering insights into the implications of the upcoming 2024 US election for Washington and beyond. Recent developments indicate a shift in the cryptocurrency landscape, as Wall Street’s securities regulator has overturned a rule that made it costly for banks to hold digital assets. This pro-crypto ...
Crypto is set to merge more closely with traditional finance this year, driven by the rise of exchange-traded funds (ETFs) and corporate investments, according to Wintermute, a leading crypto trading firm. The firm predicts that major corporate events like acquisitions will increasingly use stablecoins for transactions. Additional forecasts include the U.S. exploring a strategic bitcoin ...
According to Wintermute, a crypto trading firm, 2024 will see a stronger connection between cryptocurrency and traditional finance. This will be driven by the rise of exchange-traded funds (ETFs) and corporate investments in crypto. Notably, significant corporate events like mergers may be settled using stablecoins. Predictions include the U.S. exploring the establishment of a strategic ...
Stablecoins are emerging as a significant link between traditional finance and the cryptocurrency world, gaining traction in payment systems. A recent report from the Federal Reserve Bank of Atlanta highlights the growing acceptance of stablecoins, which are now comparable in Market value to the GDP of countries like New Zealand. Several major retailers have begun ...
Crypto, once dismissed by traditional finance, is gaining traction thanks to stablecoins, as highlighted in a Federal Reserve Bank of Atlanta report. These digital currencies, pegged to assets like the U.S. dollar, provide stability and are becoming more accepted for payments, posing competition to credit and debit cards. Major retailers such as Overstock and Chipotle ...
