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Institutions continue offloading BTC exposure despite price rebound

Investments in institutional Bitcoin products have continued to decline this past week.In its July 26 Digital Asset Fund Flows report, CoinShares notes institutional crypto products have experienced outflows for the third consecutive week, with $28 million exiting the sector during the week ending July 23. As such, the week saw

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Morgan Stanley adds Bitcoin exposure to 12 investment funds

United States investment bank Morgan Stanley has updated the prospectus of several institutional funds to reflect potential exposure to Bitcoin (BTC) through Grayscale and cash-settled futures, highlighting once again the rapid uptake of digital assets by major investment firms. In a March 31 filing with the U.S. Securities and Exchange Commission,

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JPMorgan to Launch Crypto Exposure Basket that Has MicroStrategy and PayPal

The cryptocurrency exposure basket will have MicroStrategy (20%), Square (18%), Riot Blockchain (15%), NVIDIA (15%), PayPal Holdings (10%), etc.A debt instrument is set to be released by JPMorgan Chase & Co (NYSE: JPM) in a bid to ensure that investors get access to a crypto exposure basket featuring several cryptocurrency-related

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Blockchain Bites: Universities Are Gaining Bitcoin Exposure as Institutional ETH Appetite Grows

Three storiesOverstock is looking to exit its blockchain-related investments, CryptoX’s Tanzeel Akhtar reports. The online shopping giant that went in on crypto-hype will now spin out its blockchain-focused subsidiary, Medici Ventures, into a managed fund.Overstock will remain a limited partner, with the venture firm Pelion Venture Partners taking lead over

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Guggenheim Fund Seeks $500M Worth Exposure in BTC via Grayscale Bitcoin Trust

In its filing with the US SEC, Guggenheim says that it wants to facilitate a 10% exposure from its $5 billion Macro Opportunities Fund, to Bitcoin. The investment, however, will happen through the Grayscale Bitcoin Trust and could be the biggest institutional investment after MicroStrategy.The Chicago-based global investment giant Guggenheim

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