Taiwan’s Financial Supervisory Commission is preparing to roll out a pilot program for institutional crypto custody. The regulatory agency intends to collect applications in early 2025, and three private banks have already expressed interest in participating. The latest move signifies efforts to promote institutional adoption of crypto in the region. Institutional Crypto Custody in Taiwan...Read More
Institutional investors in Canada substantially increased their cryptocurrency exposure last year compared to the previous bull market cycle, according to a recent survey by accounting firm KPMG. The consulting group’s bi-annual survey, “Institutional Adoption of Cryptoassets,” received 65 responses, including 31 institutional investors managing over $500 million in assets and 34 financial services organizations. Institutional...Read More
The crypto market’s rally clearly indicates that institutions have shown a stronger preference for Bitcoin and Ether, allocating approximately 40% each to these top assets. As of January 31st, 2024, these entities have dedicated 15% to stablecoins and only 5% to alternative coins. A new report by Bybit suggests that institutional portfolios have become significantly...Read More
Bitcoin spot exchange-traded fund fervor has gripped institutional investors, which are piling funds back into crypto assets. Institutional-grade crypto asset funds saw their largest weekly inflows since late 2021 last week, according to fund manager CoinShares. A new record of inflows of 346 million was recorded for the week, the highest total observed in the...Read More
Market analysts anticipate the US Securities and Exchange Commission (SEC) to approve multiple spot Bitcoin ETFs in rapid succession. This has created a tense environment among applicants, particularly as the frontrunner stands to gain a significant first-mover advantage by attracting a substantial portion of everyday investors. As the race heats up, the traditional firms appear...Read More
The increased bullish sentiment has led to an approximately 15% increase in the price of Ether within a 30-day period. The fact that Ethereum is now trading above $2,000 suggests a growing focus on the asset, and this renewed optimism has propelled the year-to-date gain in ETH price to almost 70%. New data suggest a...Read More
Despite unfavorable economic conditions and the persistent bear market, institutional cryptocurrency adoption has been on the rise. Investors have remained resilient and expressed optimism and strong sentiment about crypto’s role in the future of financial settlements. A recent survey conducted by leading U.S. crypto exchange Coinbase found that 64% of institutional investors currently investing in...Read More
For the sixth straight week, digital asset investment products experienced outflows, amounting to $9 million in the previous week. While this is significantly lower than the previous week which was characterized by sour investor sentiment with extensive outflows, the weekly trading volumes remained sluggish at just $820 million, significantly below the year-to-date average of $1.3...Read More
According to data from Switzerland-based investment adviser 21e6 Capital AG, around 13% of crypto hedge funds have shut down so far this year. The reasons for the closures were weak performance and difficulties in accessing banking services. Furthermore, crypto funds generated, on average, around 15% returns in the first half of 2023. They have been...Read More
A new survey by Binance Research, the research arm of the world’s largest cryptocurrency exchange, found that most institutional investors are optimistic about the outlook of cryptocurrencies for the next 12 months. Binance Research conducted the survey from March 31 to May 15, 2023, with 208 global institutional clients and VIP users as the respondents....Read More
Major digital asset funds have seen capital outflows for the ninth week in a row, according to asset manager CoinShares. On June 19, CoinShares released its weekly asset flows report, and the news is still grim from an institutional investment standpoint. This ninth week of outflows adds to the run, which now totals $423 million....Read More
The American boutique investment bank Cowen Inc. is closing its crypto asset unit. It has become the latest financial institution to shy away from digital assets amid a darkening regulatory environment. “Today will be the last day for the team here at Cowen Digital,” the bank stated, according to a May 31 report by Bloomberg....Read More
According to the CoinShares Digital Asset Fund Flows weekly report on May 22, there was an outflow of $32 million for the past week. It is the fifth week in a row where institutional crypto asset funds have been in the red, and the total has reached $232 million. However, the outflow was lower than...Read More
In its latest e-trading trends survey of 835 institutional traders, investment bank JPMorgan attempted to gauge market sentiment for the coming year. However, the findings appear very conflicted, especially concerning digital assets and trading. A question regarding electronic trading, which included crypto, commodities, and derivatives, saw an overwhelmingly positive response. “100% of responding traders predicted...Read More
In a report on Jan. 2, the international non-governmental and lobbying organization said that crypto will continue to be an integral part of the “modern economic toolkit.” The WEF acknowledged the calamitous previous year, labeling it as “terrible,” with more than $2 trillion getting wiped out. Additionally, the Switzerland-based political and economic forum fingered regulators...Read More
Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it. This is what a JPMorgan senior investment strategist argued recently, indicating that the interest in the asset class from such investors is “effectively nonexistent.” The most notable bull run in the cryptocurrency market started...Read More
In its Institutional Investor Digital Assets Outlook Survey published on Nov. 22, Coinbase reported that many professional investors have increased their allocations during the crypto winter. America’s largest exchange surveyed 140 institutional investors between Sept. 21 and Oct. 27. They represented assets under management of about $2.6 trillion, it added. However, it should be noted...Read More
On Oct. 27, the portfolio and asset manager published its “2022 Institutional Investor Digital Assets Study,” an annual report shedding light on the crypto industry from an institutional perspective. The research revealed that the market is now well-positioned to weather the macroeconomic headwinds it has faced in recent months. Fidelity Digital Assets President, Tom Jessop,...Read More
On Oct. 20, Oanda announced cryptocurrency trading services for its American market designed to give investors easy access to crypto alongside their existing forex portfolios. It is the latest traditional finance company to enter the crypto space. However, the move comes in the depths of a bear market when demand is low. The technology has...Read More
According to CoinShares’ weekly report published on Oct. 3, there has been an inflow of around $10 million over the past week suggesting institutional investors are still hesitant. It is the third week in a row that there has been a marginal inflow, but confidence over crypto products has yet to return as the bear...Read More
The blow-up of the crypto lending crisis this year sent shockwaves across the sector. That hasn’t deterred Fairfax County Retirement Systems’ attempt to plow deeper into the space. Fairfax County’s pension fund, worth $6.8 billion, received approval to pour in investments of $70 million across two crypto yield farming funds. The development comes a month...Read More
The week is drawing to a close with Bitcoin back above $7,000 which keeps it consolidating as the bulls and bears battle it out. Long term trend lines are holding as is strong support but those are not the only reasons why the next bull run could be imminent.Bitcoin Holds Major SupportSince its big mid-week...Read More
Nobody needs reminding that Bitcoin has plunged to a seven month low today. It has all happened before though and a recovery has followed as it will again. There are several bullish factors building up that will cause a BTC trend reversal next year.Bitcoin Revival Factors and TrendsThis time last year BTC had dumped to...Read More
Yesterday’s big announcement that regulatory approval has been granted to Bakkt could be the best news bitcoin investors have had this year. It opens the door to institutional investors and is a huge step forward for crypto industry legitimization in the US. Bakkt To Launch Next Month After months of procrastination, the new cryptocurrency trading...Read More
