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Boomers Next to Adopt Crypto, a Trillion Dollars Could Flow Into Bitcoin Over the Next Year, Says Novogratz
29.3.2021
Galaxy Digital CEO Mike Novogratz has predicted that as much as a trillion dollars could flow into bitcoin over the next year as wealthy baby boomers get into cryptocurrency. With the example of Morgan Stanley, he says that more banks will start offering bitcoin exposure to their customers....
Morgan Stanley Making 3 Bitcoin Funds Available to Clients
18.3.2021
One of the largest U.S. investment banks, Morgan Stanley, will be offering its wealth management clients access to bitcoin funds. Goldman Sachs, JPMorgan Chase, and Bank of America’s wealth management divisions do not currently allow their advisors to offer direct investment in bitcoin funds....
Osprey Fund’s Bitcoin Trust Is Now Available to Retail Investors via OTC
16.2.2021
The fund is structured similarly to the Grayscale Bitcoin Trust, but aims to compete with lower fees
South Korean Court Orders Bithumb to Compensate Users for an Accidental BTC Withdrawal Case in 2018
13.2.2021
A South Korean court ordered one of the biggest domestic crypto exchanges to compensate victims of an “accidental withdrawal” incident in 2018. Bithumb has been ordered to pay customers who withdrew their bitcoin funds to an unknown wallet. Funds Ended Up in a Wallet With an Unknown...
CrossTower Launches Bitcoin Fund to Compete With Grayscale’s GBTC
3.2.2021
The fund is starting out with $20 million in AUM, largely from family offices, and touts lower fees than the Grayscale Bitcoin Trust
Bitwise Files for Approval to Publicly Trade Its Bitcoin Fund
2.2.2021
The fund aims to compete with Grayscale's Bitcoin Trust and others by offering a 50 basis point lower expense ratio
Crypto Lender BlockFi Registers Bitcoin Trust With SEC
29.1.2021
BlockFi is the latest firm to go up against Grayscale's behemoth bitcoin trust
Demand for Crypto Soars: Bitcoin Funds Break Records, Goldman Sachs Wants In
18.1.2021
Investors are increasingly seeking exposure to bitcoin following the recent months-long price rally. Bitcoin exchange-traded products are seeing record trading volumes. Meanwhile, more big banks are reportedly trying to get into the crypto space, including Goldman Sachs. High Demand for Bitcoin...
3iQ’s Canadian Bitcoin Fund Hits C$1B in Market Cap
16.1.2021
The digital asset manager also reached C$1 billion in net asset value this week
SkyBridge Capital Has Already Invested $182M in Bitcoin
29.12.2020
“Bitcoin is digital gold,” SkyBridge says in its pitch to investors. “It is better at being gold than gold.”
Growing Bitcoin Adoption Hurting Gold Market, Gold Price Will Continue to Weaken, Says JPMorgan
11.12.2020
The rise of bitcoin is hurting the gold market and may continue to do so for many years to come as institutional adoption grows, according to JPMorgan Chase & Co strategists. Led by Nikolaos Panigirtzoglou, the strategists noted the declining inflow of funds allocated to gold exchange-traded...
Institutional Bitcoin Shop NYDIG Raises $150M for Twin Crypto Funds
2.12.2020
New York Digital Investments Group (NYDIG) raised $150 million for two new funds to invest in cryptocurrencies, a move that underscores the one-stop crypto shop’s skyrocketing clout on the institutional bitcoin scene. As revealed in two U.S. Securities and Exchange Commission filings, NYDIG...
Galaxy Digital Bitcoin Funds Raise $59M as Institutional Cash Flows In
25.11.2020
Galaxy Digital's institutional bitcoin fund raised an average of $1.6 million from its 33 unnamed investors
Pantera Raises $134M for Its Bitcoin Fund
22.11.2020
Formed in 2013, Pantera’s bitcoin fund was the first U.S.-based bitcoin fund
Galaxy Digital Gets Initial Approval for New Bitcoin Fund in Canada
17.11.2020
The CI Galaxy Bitcoin Fund has had a preliminary prospectus approved by Canadian securities regulators for an initial public offering
3iQ’s Bitcoin Fund Gets Second Listing of 2020 – This Time on Gibraltar’s Stock Exchange
30.9.2020
The Toronto Stock Exchange also listed The Bitcoin Fund in April of this year
Bitwise Bitcoin Fund Doubles to $9M as Investor Fears Grow Over Runaway Inflation
28.9.2020
Record fiscal stimulus has pushed wealthy investors to invest in Bitwise's bitcoin fund as a means to hedge against inflation
Fidelity’s Chief Strategist Starts Bitcoin Index Fund
26.8.2020
The fund is the latest example of Wall Street veterans cozying up to bitcoin in their rhetoric and capital allocations
Pantera Tells SEC Its Crypto Fund Has Raised Nearly $165M
17.8.2020
Pantera has informed the SEC its crypto fund has recieved a total of $164.7 million from investors with portfolios worth over $5 million
Attorney Ordered to Pay $5.2M for Releasing Bitcoin Funds From Escrow
14.8.2020
A NYC attorney has been ordered to pay a crypto investment firm more than $5M after prematurely releasing most of its funds set aside to buy Bitcoin