Asset managers and companies accumulate 1.2M Bitcoin worth $57 billion
While asset managers have accumulated 4% of Bitcoin’s supply, private and public companies have also amassed 1% each. Around 6% of Bitcoin’s circulating supply has been accumulated by asset managers and companies, signaling ever increasing mainstream and institutional adoption of crypto assets.According to Buy Bitcoin Worldwide, 816,379 BTC worth $40.1 billion is currently held by 14 Bitcoin fund issuers and asset managers — representing 4% of the cryptocurrency’s supply. Industry leader, the Grayscale Bitcoin Trust, represents more than 3% of the Bitcoin supply, managing 654,600 BTC....
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A new report suggests that 4% of the total Bitcoin supply — 816,379 BTC — is owned by 14 Bitcoin fund issuers and asset managers. English billionaire and Moneysupermarket.com founder Simon Nixon has plans to increase his crypto investments through his London-based venture capital firm.According to a Bloomberg report on Thursday, Adam Proctor, managing director for Nixon’s investment firm Seek Ventures, said that the company intends to increase the “allocation to crypto as we feel it is an important area for the future.”Furthermore, Proctor said that Seek Ventures is currently on the....
The biggest Spanish asset managers are still not convinced of cryptocurrencies as an asset class, and therefore have no plans to invest in the space yet. The declarations of several spokespeople linked to these companies state that, while there is a significant opportunity in the nascent cryptocurrency sector, it is still too young and volatile to put significant investments behind it. Spanish Asset Managers Still Skeptical About Crypto Spain’s largest asset managers are still not convinced crypto is a good investment vehicle, at least for now, according to statements from several....
A professor of finance and business economics at the University of Southern California says that asset managers focusing on growth strategy could violate their fiduciary duty if they do not consider bitcoin in their portfolios. Asset Managers With Growth Focus Need to Consider Bitcoin Financial researcher Nik Bhatia said last week that asset managers seeking growth returns on behalf of their clients need to consider bitcoin, the Insider reported. Bhatia is also an adjunct professor of finance and business economics at the University of Southern California Marshall School of Business. In....
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....
More than 1.1 million bitcoin or over $30 billion worth of the crypto asset is held by a myriad of companies, according to the web portal bitcointreasuries.org. The massive stash of bitcoin reserves held by well known companies started swelling after the billion-dollar firm Microstrategy purchased $250 million worth of bitcoin in August. Now there are 29 firms that are holding the cryptocurrency in place of traditional reserves like stocks and cash. There’s been a new trend lately, as a great number of prominent companies have decided to leverage bitcoin (BTC) for reserves rather....