Institutional investors bought the dip as China FUD broke
While institutional Bitcoin products have experienced outflows for 13 of the past 17 weeks, the sector has now seen three straight weeks of inflows. Institutional investors were buying the dip on the back of China’s latest FUD, with digital asset investment products generating $95 million worth of inflows last week. According to CoinShares’ Sept. 27 Digital Asset Fund Flows Weekly report, a surge in dip buying helped drive a sixth consecutive week of inflows for institutional crypto investment products broadly.The $95 million worth of inflows between Sept. 20 and Sept. 24 marks a 126%....
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Institutional investors bought more Bitcoin, Ethereum, and XRP last week, with crypto funds recording another week of net inflows. This provides a bullish outlook for these crypto assets, especially as they look to bounce from last week’s crash. Institutional Investors Accumulate Bitcoin, Ethereum, and XRP CoinShares’ report revealed that Bitcoin, Ethereum, and XRP saw net […]
The collaboration aims to give institutions access to digital assets with new innovative product designed specifically for their needs. Fidelity Digital Assets — the crypto wing of Fidelity Investments — and crypto borrowing and exchange platform Nexo have announced a partnership to offer crypto custodial services, products and lending services for institutional investors. The two firms will create a comprehensive product line and legal infrastructure for institutional investors looking to get exposure to cryptocurrencies.The partnership with Fidelity Digital Assets will allow Nexo to....
UPDATE (14 January 2015 13:00 BST): Article has been updated to reflect crowdfunding breakdown. Bitreserve has closed its crowdfunding campaign after raising over $9m. The final total of $9,620,802 (£6,363,024) was reached after 157 investors bought 11.27% of the equity offered. Crowdcube investors raised $739,219 (£489,744) whilst the remaining $8,911,645 (£5,873,280) was contributed by a combination of Venovate and institutional investors. The crowdfunding activity on Venovate amounted to $126,000 (£83,020) whilst the remaining balance of $8.7m (£5.7m) came from institutional investors.....
Bitcoin’s break above $20,000 boosted investor sentiment and triggered strong rallies from several altcoins. Crypto traders and investors received an early Christmas gift today as Bitcoin (BTC) price cleared the $20,000 psychological milestone for the first time in history. Today's breakout is equally significant as it serves to heal the scars of the traders who may have bought right at the top in 2017 and held their positions until now.The current uptrend in Bitcoin has been all about institutional adoption. The latest institutional investor to have announced a position in Bitcoin is the....