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New York-Based Asset Manager Closes $190M Round for Bitcoin Institutional Fund

New York Digital Investments Group (NYDIG) raised $190 million from 24 investors for another bitcoin fund. DisclosureThe leader in blockchain news, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CryptoX is an independent operating subsidiary of Digital Currency

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Bitcoin’s Rise Driven by Institutional Trading, Says Research and Investor Sentiment

The cryptocurrency bitcoin is trading at an all-time high relative to its social activity, explains the crypto research firm Tie. The analysts at Tie believe the ratio indicates that bitcoin is being driven by institutional trading. Meanwhile, statistics from Google Trends shows the terms “bitcoin” and “buy bitcoin” dropped

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Novogratz: Galaxy Digital Will ‘Suck’ if Bitcoin Fails to Become an Institutional Asset

With Galaxy Digital now working on an educational course for financial advisers, founder Mike Novogratz told CryptoX he hopes it will help finally kick-start the institutional use of bitcoin, and turn around the asset manager’s fortunes. Novogratz, a Wall Street veteran, loves a compelling narrative. “Bitcoin specifically is a story about

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Bakkt and Galaxy Digital Team-Up on New Institutional Offering

The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure.The collaboration will see Galaxy Digital Trading’s (GDT) matching engine and trading platform offered alongside Bakkt’s digital asset custody services. “We designed

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Bakkt and Galaxy Digital Join Forces to Cater to Institutional Bitcoin Demand

Reading Time: 2 minutes by Ash T on June 10, 2020&nbspBitcoin According to a press release issued on June 10, 2020, Bitcoin (BTC) trading platform Bakkt has joined forces with digital asset investment management firm Galaxy Digital to offer secure and efficient means of buying, selling, and storing the premier cryptocurrency for asset

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Fidelity Survey Finds Institutional Investors Doubling Down on Bitcoin (BTC) and Ether (ETH)

Reading Time: 2 minutes by Ash T on June 10, 2020&nbspBitcoin Citing results from a survey undertaken by Fidelity Investments, Bloomberg reported on June 9, 2020, that almost one-third of institutional investors hold crypto assets including Bitcoin (BTC) and Ether (ETH). The ‘Big Boys’ are Here With the tumultuous movement of the world economy, a

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Grayscale Institutional Buyers Doubling up on Bitcoin

Institutional buyers are increasing their exposure to Bitcoin (BTC) via Grayscale Investments suite of crypto trusts. Grayscale Investors’ Bitcoin Appetite Unsated According to data shared by crypto researcher Kevin Rooke via Twitter on Thursday (May 28, 2020), the firm’s bitcoin investment trust bought 18,910 BTC, although only 12,337 bitcoins were mined since

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Goldman Sachs Hosting Bitcoin Call as Institutional Interest in Cryptocurrency Surges

As interest in cryptocurrency grows among institutional investors, global investment banks, like Goldman Sachs and JPMorgan Chase, are reexamining their views about bitcoin. Goldman Sachs is hosting a call for its clients to learn about the implications of current policies for bitcoin, gold, and inflation.Goldman Sachs’ Bitcoin Call for

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