Crypto Asset Management: Nearly Half Of Institutions Embrace Digital Assets –...
A recent study has revealed that the cryptocurrency markets in the United States and Europe remain remarkably robust and are making significant progress, despite facing intense scrutiny and uncertainty in the US market. According to research conducted by Coalition Greenwich and Amberdata, asset managers and hedge funds are increasingly exuding optimism and fervor when it […]
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Most institutional investors look forward to adding digital assets to their portfolios, in spite of concerns over crypto market volatility. More than half of the respondents in a new survey conducted by Fidelity’s crypto subsidiary have revealed they already have digital asset investments. Poll Confirms Strong Institutional Interest in Digital Assets Despite the uncertain regulatory environment in the crypto space, 70% of institutional investors are likely to acquire digital assets in the near future, a study carried out for Fidelity Digital Assets has indicated. Price volatility....
Institutional asset managers have been slower to embrace cryptocurrencies than retail traders, but their adoption is growing rapidly. Fixed-income manager PIMCO is planning to increase its exposure to digital currencies such as Bitcoin (BTC) after dabbling in the asset class through crypto-linked securities, offering the latest evidence that major institutions are starting to embrace the emerging asset class. In an interview with CNBC on Wednesday, chief investment officer Daniel Ivascyn confirmed that PIMCO already has exposure to “crypto-linked securities” through various hedge fund....
Bitcoin and crypto ETPs have surged in market cap and volumes as institutions buy up BTC. Recent research has revealed that institutional grade exchange traded products surged in volume this month.A report by CryptoCompare delves into some metrics behind Bitcoin’s epic bull run to a new 2020 high of $17,800 and reveals that institutions have been a driver of momentum.The Digital Asset Management Review found that aggregate exchange traded products (ETP) volumes have surged 53% over the past 30 days. Average daily volumes now stand at $173.5 million compared to $113 million in October. ETPs....
After Kevin Zhou, the co-founder of the hedge fund Galois Capital, revealed half of the firm’s assets were held on FTX, another crypto asset management firm called Ikigai detailed that “a large majority of the hedge fund’s total assets” were stored on FTX. Ikigai chief investment officer, Travis Kling, told the public on Twitter and he said there’s “a lot of uncertainty about what’s going to happen next.” Ikigai Chief Investment Officer Shares ‘Some Pretty Bad News’ Another hedge fund has detailed it has lost money from the FTX scandal, according to a Twitter thread published....
Forbes ranks the top traditional asset managers, but who ranks the top regulated digital asset managers? Cointelegraph Consulting’s 2021 ranking of the top five United States-based regulated crypto asset management firms highlights that Bitcoin’s explosive growth in price has catapulted many digital asset managers past the half-billion-dollar mark. As more and more investors are turning to the digital asset market, these companies are on track to becoming important players in the U.S. financial industry. Grayscale InvestmentsGrayscale is one of the largest and well-known firms in the....