Bitcoin Under Pressure: State Street And Galaxy Roll Out Three New Crypto-Foc...
On Tuesday, State Street Global Advisors and Galaxy Asset Management announced the launch of three new cryptocurrency-focused exchange-traded funds (ETFs). The move comes as investors have been pulling out of spot Bitcoin funds, reflecting a sense of fear in the market. Actively Managed Crypto ETFs According to Bloomberg, the newly launched exchange-traded funds include the […]
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Investment management firm State Street says that institutional clients are not deterred from investing in crypto assets despite price declines. “There is a belief that the asset class is here to stay,” a State Street executive said. State Street on Institutional Demand for Crypto State Street, a leading investment management firm, sees unwaning institutional demand for cryptocurrency despite market sell-offs, the Sydney Morning Herald reported Monday. Irfan Ahmad, State Street Digital’s product lead for the Asia-Pacific region, said the banking giant’s....
State Street Corp., one of the world’s leading providers of financial services to institutional investors, has announced the expansion of its crypto services in partnership with Lukka, an enterprise crypto asset data and software provider. State Street Launching New Crypto Services State Street Corp. announced new cryptocurrency services Thursday. The financial services firm “will provide digital and cryptocurrency asset fund administration capabilities for the firm’s private funds clients” in partnership with Lukka, the announcement details, adding: State Street....
On Thursday, the Boston-based financial services and bank holding company State Street Corporation announced the launch of a division dedicated to cryptocurrencies, the digital economy, and decentralized finance (defi). State Street Invokes New Division Dedicated to Crypto, Blockchain, and Defi The financial services company State Street (NYSE: STT) offers a wide array of products like Investment management, securities lending, stock trading, and custodial banking services. In Q3 2020, data shows that State Street has around $3.15 trillion assets under management (AUM). On June 10, the....
Galaxy Research’s latest brief argues that the “wealth channel” in the United States—the network of roughly 300,000 financial advisors overseeing about $30 trillion in client assets—is finally starting to open to crypto assets, with implications that are both mechanical and potentially transformative. $600 Billion Could Enter The Crypto Market Soon The crux of the thesis […]
According to a press release, one of the most important banks in the U.S. State Street will partner with start-up Puremarkets. The cooperation will enable State Street’s Currenex, a “high performance” trading technology provider, to work with the start-up on a crypto trading platform. In parallel, the partners might explore “the digital currency trading space”. […]