Institutional investors still eye crypto despite the FTX collapse
The negative effects caused by the FTX debacle have put the crypto space in an unfavorable light. However, institutional investors continued to show interest in the industry even at the height of the FTX controversy. According to crypto exchange Bitstamp, compared to their data in October, institutional registrations within its digital asset trading platform is […]
Institutions ‘moving very, very fast’ into Crypto: Coinbase exec
Institutional adoption of digital assets is “moving very, very fast,” and much faster than the rate nascent industries ordinarily develop at, says Coinbase Senior Advisor John D’Agostino. In an Oct. 18 interview with SALT moderated by Anthony Scaramucci, D’Agostino said that new asset classes often take time to develop, as “institutional inertia is a very […]
Listed companies, trusts and ETPs now control almost 7% of the Bitcoin supply
More than $6.5 billion worth of BTC — or close to 1% of the crypto asset’s entire capitalization — is held by 19 publicly-listed companies. A further 5.75% of Bitcoin’s market cap is held by exchange-traded products and closed-ended trusts. The figures are contained in a new study by Nickel Digital Asset Management. The 19 […]
Investment bank Cowen set to offer institutional-grade crypto custody
Cowen Inc., an independent American investment bank established over a century ago is set to become the latest mainstream financial services company to enter the crypto custody business. According to Bloomberg, Cowen has inked a partnership with Standard Custody and Trust Co. The collaboration will also includes a $25 million investment in the Standard’s parent […]
Possible Bitcoin treasury adoption as more companies cite inflation concerns
No fewer than 47 companies have cited the term “inflation” in their earnings calls for Q1 2021. According to a report by financial market data provider FactSet on Monday, the figure represents the highest number of companies to do so in the last decade. Earlier in April, the United States Bureau of Labor Statistics released […]
Ether options open interest grows 80-fold amid rising institutional appetite
The massive growth of Ethereum’s futures and options arena is reportedly pointing towards significant institutional involvement in the second-largest cryptocurrency by market capitalization. According to a recent report by crypto investment advisory firm Two Prime Digital Assets, the 80-fold growth in Ether (ETH) options open interest goes beyond mere retail speculation. As part of its […]