Invested In Bitcoin, EFT Nearly Doubles Money Since September
ARK Investment Management LLC, which manages the first exchange-traded fund (EFT) with exposure to cryptocurrency, has almost doubled its money since September after investing in bitcoin, thanks to the virtual currency's recent price surge, according to Bloomberg News. The overall fund has gained 15% this year, which represents more than 98% of the unleveraged ETFs in the U. S. Cathie Wood, who founded New York City-based ARK in January of 2014, said Greece, China's devaluation and a U. S. interest rate increase drove price swings resulting in a capital exodus from emerging markets,....
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According to a report from research firm Blockdata, Google’s parent company has been actively investing in the crypto space. The big tech giant and other major corporations in the legacy financial system have invested over $6 billion in digital asset companies from September 2021 to June 2022. Related Reading: Crypto Reacts: Arrest Of The Alleged […]
Bitcoin seems to be part of whatever these companies have planned well, which could boost cryptocurrency adoption in Japan over the coming months and years. People active in the world of Bitcoin and cryptocurrency will have heard of the Zaif exchange before, which has become a popular Bitcoin platform in Japan. Money Partners Group has invested in TechBureau, the parent company of Zaif, for the sum of JPY 49 million. It is not the first time the name Money Partners Group (TYO:8732) is used in combination with the Bitcoin industry. Just last month, the forex brokerage invested in Payward –....
A16z, a leading VC company in crypto, is reportedly ramping up its investments in the field this year. The company is said to be looking for $4.5 billion to invest in different cryptocurrency-related funds. This amount more than doubles the entire amount the company invested in crypto last year.
A16z to Double Down on Crypto
A16z will continue to put funds behind cryptocurrency-related projects this year, according to reports. The VC company, which focuses its investments on tech-related companies and has more than $28 billion in assets, is seeking $4.5 billion dollars to invest....
The firm invested $100M into the Grayscale Bitcoin Trust late last year, it has sold one third and it's holdings are still worth $50M more than the purchase price. Israel's Altshuler Shaham Investment House has doubled its money after tipping $100 million into the Grayscale Bitcoin Trust late last year. It's the only know Israeli institution to have invested this magnitude of funds into Bitcoin so far. The news follows increasing institutional interest in Bitcoin internationally, with reports on March 7 that Chinese tech company Meitu had become the first Hong Kong-listed company to invest....