Cryptocurrency Analysis and News Portal
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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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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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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Miller Value Funds – run by veteran hedge fund manager and bitcoin bull Bill Miller – may invest in the Grayscale Bitcoin Trust through its flagship fund, the Miller Opportunity Trust. “The Fund may seek investment exposure to bitcoin indirectly by investing in the Grayscale Bitcoin Trust, an entity that holds
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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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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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Anthony Scaramucci’s mega hedge fund, SkyBridge Capital, just gave itself the ability to bet on cryptocurrencies from afar.In a series of filings with the U.S. Securities and Exchange Commission published Friday and Monday, the $9.2 billion asset manager helmed by the one-time Trump spokesman signaled that two of its funds
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Yesterday, after years of waiting, Filecoin (FIL) finally launched, Funded by legendary venture capital companies like Sequoia Capital,
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Bitcoin’s bull run could very well be here, but with the pandemic and the coming election, there’s so
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Wisdomtree has filed for a commodity fund with 5% exposure to bitcoin, in a fresh attempt to bring an exchange-traded fund (ETF) backed by the benchmark cryptocurrency to the market.According to a filing with the U.S. Securities and Exchange Commission (SEC), the fund is targeting to invest mainly in
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