#Institutional Investment News

Chinese Media Bitcoin Bull Run Could be Bearish for Gold and Precious Metals

“Bitcoin is Better Than Gold”, Says Anthony Scaramucci

March 19, 2021 by Anthonia Isichei at Bitcoin

Anthony Scaramucci, founder of alternative investment firm SkyBridge Capital, while hailing bitcoin's performance, noted that the largest cryptocurrency by market capitalization was better than gold. Bitcoin Fits Role of Money as Technology In an interview on CNBC's Squawk Box on Thursday (Mar. 18, 2021), Anthony Scaramucci compared to gold and bitcoin,...

South East Asia’s first insured Bitcoin Fund launched to meet the growing institutional interest in Digital Assets

Southeast Asia Gets its First Bitcoin Fund to Address Growing Institutional Demand

March 9, 2021 by Anthonia Isichei at Bitcoin

The first bitcoin fund in the Southeast Asian region, the BCMG Genesis Bitcoin Fund, otherwise known as BGBF-1, recently launched to cater to accredited institutional investors. Bitcoin Fund for Asian Institutional Investors According to a press release on Monday (Mar. 8, 2021), the new bitcoin fund which aims to cater...

American Investor Tim Draper Predicts Bitcoin to Hit $250,000 by 2022

JPMorgan Strategists Suggests Investors Allocate 1% Into Bitcoin

February 26, 2021 by Anthonia Isichei at Bitcoin

Strategists at U.S. investment banking giant JPMorgan suggested that investors should consider allocating a small percentage of their portfolio to bitcoin. The strategists’ comments come amid an increase in bitcoin adoption by institutional investors. Strategists Say Bitcoin is a Hedge According to Bloomberg on Thursday (Feb. 25, 2021), strategists Joyce...

Microsoft Not Planning to Emulate Tesla’s Bitcoin Buy

February 17, 2021 by Anthonia Isichei at Bitcoin

Global tech giant Microsoft does not have immediate plans to put bitcoin on its balance sheet, according to the company’s president. Meanwhile, bitcoin continues to see an increased interest from major companies and institutions. Microsoft not Ready to Make Bitcoin Investment Speaking in a CNN interview on Tuesday (Feb. 16,...

Microstrategy Pumps More Money Into Bitcoin, Invests $175 Million

September 15, 2020 by Anthonia Isichei at Bitcoin

Microstrategy seems be doubling down on Bitcoin after the company purchased another 16,796 BTC worth $175 million. Microstrategy’s Total Bitcoin Holdings Worth $425 Million Tweeting on Tuesday (September 15, 2020) the company’s CEO Michael Saylor announced the addition of 16,796 BTC to its stash. Although BTC’s value has risen and...

MicroStrategy Becomes First Listed Company to Hold Bitcoin as Reserve Asset

August 11, 2020 by Osato Avan-Nomayo at Bitcoin

The “Bitcoin (BTC) as a hard asset” narrative is spreading beyond retail investors to the corporate world as MicroStrategy purchases 21,454 BTC worth over $250 million. Nasdaq-listed MicroStrategy Buys $250M in BTC The Nasdaq-listed MicroStrategy announced the news of Bitcoin treasury allocation via a press release issued on Tuesday (August...

Grayscale Institutional Buyers Doubling up on Bitcoin

May 28, 2020 by Anthonia Isichei at 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...

Half of the 1.5 Million Ethereum Mined in 2020 Bought by Grayscale Investors

April 27, 2020 by Osato Avan-Nomayo at Ethereum

Institutional investors on digital asset management firm, Grayscale Investments, have bought almost half of all Ethereum (ETH) mined so far in 2020. Grayscale continues to be the leading vehicle for big-money players gaining exposure to the nascent cryptocurrency market. Grayscale Institutional Investors Loading up on Ethereum According to figures shared...

Grayscale Bitcoin Trust Scores Reporting Company License from SEC

January 22, 2020 by Osato Avan-Nomayo at Regulation

Grayscale Bitcoin Trust (GBTC) has obtained approval from the U.S. Securities and Exchange Commission (SEC) to become a reporting company, thus registering the company’s shares with the Commission. World’s Largest Crypto Asset Manager Now SEC Reporting Coy Grayscale Investments, the parent company of GBTC announced the news of the SEC...

LocalEthereum Renames to LocalCryptos; Introduces Bitcoin and other Digital Currency Support

CZ: An Increasing Number of Institutional Investors are Willing to Hold Cryptocurrencies

November 18, 2019 by Aisshwarya Tiwari at Bitcoin

Binance cryptocurrency exchange CEO, Changpeng Zhao – commonly known as “CZ” in the cryptospace – believes that a large number of institutional investors are willing to enter the digital currency industry despite the regulatory uncertainty surrounding it. Zhao made this statement in an interview with Bloomberg last week. Investors, Regulators,...

man on laptop BlockFi investment insitutional laptop woo

BlockFi Launches Platform to Expose Institutional Investors to Cryptocurrency

October 19, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

BlockFi, a cryptocurrency lending startup, has launched BlockFi Institutional Services, a platform designed to give institutional investors such as market-makers, hedge funds, exchanges and family offices exposure to financing solutions for digital assets, according to a BitcoinMagazine report on October 17, 2019. Exposure Per the report, BlockFi intends to launch...

Bitcoin at the top of a mountain holding a red flag

Bull Run 2.0: This Time It’s Different

June 25, 2019 by Ashwath Balakrishnan at Bitcoin, News

Current price action is eerily similar to that of 2017, leading most people to believe that a similar boom and bust cycle is underway. In a news digest, Micky has highlighted key factors that set the coming market cycle apart from the last one, June 25, 2019. Dynamic of Fundamentals The...

Bitcoin Standing Under a Measuring Stick

Bitcoin on Course for Highest Monthly Gain Since November 2013

May 31, 2019 by Osato Avan-Nomayo at Bitcoin

Bitcoin (BTC) could close trading in May 2019 more than 70 percent up from the start of the month, surpassing its second-best ever monthly performance. Meanwhile, the top-ranked cryptocurrency continues to enjoy improved technical and market fundamentals with experts calling another bull run to a new all-time high (ATH) in...

Bitcoin Bull Market: Institutional BTC Premium Reaches 37 Percent on Grayscale

May 29, 2019 by Osato Avan-Nomayo at Bitcoin, Investment

Institutional appetite for bitcoin (BTC) appears to be growing as BTC trading on the Grayscale Bitcoin Trust (GBTC) clears $11,600. This 37 percent premium comes as spot trading on the asset holds above $8,500 with several analysts predicting a new all-time high (ATH) for BTC before the end of 2019....

Man Pointing at a Board with Lots of Charts

Crypto Derivatives Witness Large Institutional Turnout

May 22, 2019 by Ashwath Balakrishnan at Investment, News

Bitcoin derivatives are shattering all-time highs for volume and number of open contracts across various platforms. CME, BitMex, and Deribit all smashed their previous month on month volume highs in May 2019 - and the month isn't even over yet. The volatility and slow developing efficiency are slowly introducing previously...

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