Tags : institutional

Bitcoin

Fidelity Files for Bitcoin ETF as Institutional Demand Dries Up

In a filing with the U.S. Securities and Exchange Commission (SEC), asset management firm Fidelity indicated their intention to create a Bitcoin exchange-traded fund (ETF). The Wise Origin Bitcoin ETF is the latest addition to the growing number of ETFs looking to launch crypto-based financial products in the United States.  If approved, the ETF will […]Read More

Bitcoin

Cryptos Rally off Equity Markets and Institutional Interest

The Crypto market rose on Monday as new macro factors and institutional interest weighed in. Cryptos Recover from Selloff Following last week’s sell-off, Bitcoin and the broader crypto market rallied alongside the US equity markets. Bitcoin (BTC) retraced back up to $49,000, with Ethereum (ETH) recovering to $1,500. The biggest crypto names all recovered to […]Read More

Bitcoin

Elon Musk Says He Supports Bitcoin; Institutional OTC Deals Rise

It is official. Elon Musk supports Bitcoin. The Tesla and SpaceX founder called the flagship cryptocurrency “a good thing,” adding that it is on the “verge of getting broad acceptance by conventional finance” as he responded to Andressen Horowitz and other prominent investors during a Clubhouse Conversation meetup on February 1. BREAKING: @ELONMUSK CONFIRMS HE […]Read More

Market

Guggenheim CIO Says Institutional Demand Not There to Sustain Bitcoin

Scott Minerd, chief investment officer of the multi-billion dollar investment firm Guggenheim Partners, believes bitcoin may struggle to stay above $30,000. In an interview with Bloomberg Television on Wednesday, Minerd said he didn’t think bitcoin‘s institutional investor base was “big enough” or “deep enough” to justify its current valuation. The comments come weeks after he […]Read More