Asset Manager Who Predicted Ethereum Outperforming Bitcoin: The Trend Is “Done”
Bitcoin has done well for itself in 2020, making it the top mainstream investment of the year so far. But deeper in the crypto market, Bitcoin’s gains look meager next to even its next closest asset in line, Ethereum. Ethereum and DeFi tokens outperformed Bitcoin easily this year so far, but that trend is “done” […]
Related News
Ethereum spent most of 2020 outperforming Bitcoin by a large margin, thanks to the burning hot DeFi trend and the related tokens’ reliance on the second-ranked crypto asset. But since things have reversed and Bitcoin has gone on its own individual run, on the ETHBTC trading pair, Ethereum has reached a point of “do or […]
Ethereum has been lagging behind Bitcoin as of late, not being able to match the immense gains seen by the benchmark cryptocurrency This trend has come about due to Bitcoin sucking the oxygen out of the room, with the benchmark crypto outperforming just about every major altcoin as of late If this trend persists, Ethereum could continue posting relative weakness on its BTC trading pair, hampering the growth it sees against the dollar as well […]
Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin The asset manager had gradually increased its ETH holdings over time, adding almost 20,000 ETH to its portfolio back in February. The recent filings show that the New York-based asset manager has....
One of the biggest asset managers in Brazil, Kinea, disclosed it made an exploratory investment in Ethereum. The announcement was made by Marco Aurélio Freire, manager of funds for Kinea, who stated the company had invested a small amount of its holdings in ethereum starting two months ago. Kinea, the investment arm of Banco Itau, has more than R$56 billion (about $10.2B) in assets under management.
Kinea Looks Into Crypto Investments
Kinea, one of the leading asset managers in Brazil, has made an exploratory investment in the cryptocurrency world. The company, which has a....
ETH has gained 48% over the past week, leaving most of its crypto brethren behind — though it's still risky days ahead given the macroeconomic factors still at play. Ethereum is outperforming the broader cryptocurrency market as the highly anticipated Merge approaches, but the bigger picture is still largely bearish.Ethereum (ETH) has gained a whopping 48% over the past seven days, outperforming its big brother Bitcoin, which has only managed to achieve 19% in the same period. It's also up 66% from its market cycle bottom of $918 on June 19, reaching its current price of $1549.However, the....