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One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau, … Read more
According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin. Go to Source Powered by WPeMatico
Bitcoin traders say $43,600 needs to be regained to restore the bullish uptrend, but BTC futures and options data are showing signs of distress. Go to Source Powered by WPeMatico
A Bitcoin ETF approval will open the door for more conservative investors and this could have an irreversible impact on BTC price. Go to Source Powered by WPeMatico
Columbia University isn’t quite ready to jump headling into crypto, but those in charge of its endowment are definitely following the industry’s development. Go to Source Powered by WPeMatico
Coinbase published the company’s shareholder letter on Tuesday which detailed it made over $2 billion in net revenue during the second quarter. The firm said “Q2 was a strong quarter” for Coinbase as it saw both “growth and diversification” this year. While netting in $2 billion, Coinbase said it has 68 million verified users and … Read more
A new study found that institutional investors’ appetite for digital assets, including cryptocurrencies, is growing. Go to Source Powered by WPeMatico
Institutional investors continue to exit BTC in favor of ETH, with Ether investment products now representing more than one-quarter of institutional crypto AUM. Go to Source Powered by WPeMatico
Institutional investors appear to have offloaded nearly $100 million worth of Bitcoin exposure this past week while Ether investment product volumes surged. Go to Source Powered by WPeMatico
Since making its first investment in October, Polychain Capital is now the 10th-largest holder of YFI. Go to Source Powered by WPeMatico
