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Guggenheim Registers Fund That Allows Bitcoin Exposure After CIO Calls Crypto Tulipmania, Predicts BTC Crash
3.6.2021
Guggenheim has registered a new fund with the U.S. Securities and Exchange Commission (SEC) that could have exposure to cryptocurrencies, particularly bitcoin. The filing came as the asset management firm’s chief investment officer repeatedly made bearish bitcoin predictions, calling...
Stone Ridge’s Open-End Mutual Fund to Invest in Bitcoin — SEC Filing Opens the Door for Other Mutual Funds to Add BTC
28.2.2021
Asset management firm Stone Ridge has filed with the U.S. Securities and Exchange Commission (SEC) for its open-end mutual fund to invest in bitcoin. “This is a big deal. Stone Ridge filing opens the door for every mutual fund to add bitcoin,” said a fellow asset manager. Stone Ridge...
Skybridge Capital Founder Predicts $100K Bitcoin Price This Year Due to ‘Heavy Demand’ and Diminishing Supply
22.2.2021
The founder of asset management firm Skybridge Capital, Anthony Scaramucci, has predicted that the price of bitcoin will reach $100,000 before the year-end simply due to supply and demand. “You don’t have a lot of supply out there and very heavy demand,” he said. His firm...
Survey: The Number of US Financial Advisors Allocating to Crypto in Client Portfolios Jumped 49% in 2020
14.1.2021
A survey reveals that the number of U.S. financial advisors allocating to crypto in their clients’ portfolios surged significantly from 2019. The figures show that it rose 49% in 2020, from 6.3% to 9.4%. A Vast Majority of the Advisors Also Have Personal Crypto Investments According to...
Guggenheim Investments: Bitcoin Is Worth $400,000 Based on Scarcity, Relative Valuation to Gold
18.12.2020
Guggenheim Investments, an asset management firm with over $230 billion under management, has valued bitcoin at $400,000 based on fundamental analysis. Guggenheim wanted to invest in bitcoin when the price of the cryptocurrency was at the $10,000 level. The company is currently waiting for approval...
Standard Chartered to Launch Crypto Custody Service for Institutional Investors Next Year
10.12.2020
SC Ventures, the innovation and ventures unit of Standard Chartered, will launch a crypto custody service targeting institutional investors in London next year. According to a Dec. 9 press statement, the British bank is partnering with U.S. wealth and asset management firm Northern Trust for...
Chainlink Doomsday Predictions: Zeus Capital Warns Investors Not To ‘Get Fooled’
31.8.2020
Zeus Capital has doubled down on its doomsday predictions on Chainlink (Link). It is now warning investors: “don’t get fooled… exit your positions before its too late.” The asset management firm’s involved assessment follows a sharp decline in the price of Link in...
Asset Management Firm Stone Ridge Files Prospectus for New Bitcoin Futures Fund
5.10.2019
Stone Ridge Asset Management has filed a prospectus with the regulatory watchdog, U.S Securities, and Exchange Commission to launch a new Bitcoin futures fund. Dubbed by the name of the NYDIG Bitcoin Strategy Fund, the prospectus was filed by the firm with the regulator for its highly anticipated...