Cryptocurrency Analysis and News Portal
WisdomTree, a New York-based exchange-traded fund (ETF) issuer and asset manager, has launched a physically backed Bitcoin exchange traded product (ETP).On December 3rd, WisdomTree announced the Bitcoin news of its latest venture in the cryptocurrency sector. The asset management firm currently holds over $60 billion in client assets since its
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U.S. asset manager WisdomTree launched its first investment product related to Bitcoin, an exchange-traded product (ETP) which will guarantee large investors exposure to BTC without the need to directly hold the asset. The news was published by WisdomTree on December 3. WisdomTree Embraces Bitcoin WisdomTree, one of the industry’s largest ETF provider
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The US-based digital asset exchange Poloniex announced the acquisition of TRXMarket on November 27th. TRXMarket, a decentralize exchange that is based on the TRON (TRX) network, will now be called Poloni DEX and carry out functions under Poloniex.Poloniex, among the top global virtual asset exchanges, made the recent purchase as
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In a press release issued on November 28, 2019, Canadian fund management firm 3iQ announced that it had filed and been receipted on its preliminary prospectus for The Bitcoin Fund. Bitcoin Fund IPO on the Cusp The governmental and regulatory acceptance of digital currencies seems to be witnessing a steady surge as
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What’s an effective way to diversify a crypto portfolio? Are crypto assets able to be diversified at all? These are the questions that many “Hodlers” have been asking. The slow bleed of Bitcoin (BTC) and other major cryptocurrencies prices has been challenging investors and their holding powers. Despite BTC
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Fidelity Digital Asset Services, LLC (FDAS) has procured a charter from the New York State Department of Financial Services (NYDFS) to operate a virtual currency custody and execution platform.Per a Nov. 19 press release, the NYDFS authorized FDAS to operate as a limited liability trust company and run a
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Iconic Funds, a leading regulated cryptocurrency asset management firm has announced plans to launch its Bitcoin Exchange Traded Note (ETN) of up to 100 million Notes, tracking the New York Stock Exchange (NYSE) Bitcoin Index (NYXBT). The ETN will be available to both retail and institutional investors, according to a
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Analyst, Chris Mancini claims governments are increasingly turning to gold, and not Bitcoin, in order to hedge against economic uncertainty. Motivated by geopolitical wranglings, as well as a desire to reduce dollar reliance, the Chinese and Russian central banks are driving demand for gold. Is Bitcoin now out of the
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The Takeaway Bitcoin prices have more than doubled in 2019, far outpacing the 31 percent return for U.S. tech stocks, which Goldman Sachs deems the best-performing asset class year-to-date. Outsize returns could attract interest from big investors in the yield-starved
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Cryptocurrencies, including the most popular and longest running Bitcoin, are neither legal tender nor a financial product as they are “not cash nor an equity instrument of another entity,” according to the latest decision by an international interpretative body of accounting practices.The decision on the much-disputed digital currencies, which will
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