Grayscale’s product is broken. The SEC clearly won’t let them fix it thanks to obstinance by the SEC’s leadership, writes Messari’s Ryan Selkis. Source
Messari Research: DCG’s Barry Silbert Wins from SEC ETF stalemate, but Investors Lose.
Tag: Investors
Anchorage launches Ethereum staking for institutional investors
Anchorage Digital, a San-Francisco-based digital platform that owns the first federally chartered crypto bank, will open an option to stake the Ethereum (ETH) for institutions. This move comes in anticipation of the Ethereum network’s long-promised shift from proof-of-work (PoW) to proof-of-stake (PoS) protocol. Anchorage announced on Tuesday its intention to introduce ETH staking — a practice of earning rewards for serving as a transaction validator in the Ethereum blockchain — for institutions. Diogo Mónica, co-founder and president of Anchorage Digital, called staking a win-win for institutional investors and the ecosystem:…
Outflows Rock Bitcoin As Institutional Investors Pull The Plug, More Downside Coming?
Outflows have been the order of the day since the price of cryptocurrencies such as Bitcoin had begun to crash. The same sentiment had spread through individual as well as institutional investors, leading to massive sell-offs in the space. Despite the price of bitcoin recovering in recent times, it seems that the sellers are not done just yet as outflows had ramped up over the last week. $453 Million Leaves Bitcoin Bitcoin had been seeing a reversal trend with inflows coming in for the prior week. However, this has only…
How crypto is attracting some institutional investors — Huobi Global sales head
James Hume, head of sales at Huobi Global, said that while some institutional investors have gotten “cold feet” over crypto, many with billions of dollars are exploring the space. Speaking to Cointelegraph at the European Blockchain Convention on Tuesday, Hume said that the crypto exchange had observed increasing interest from institutional investors within the last one to two years in entering the digital asset space. According to Hume, it took a long time for certain firms and hedge funds to “build teams, raise capital and understand the infrastructure” to participate…
Small-time investors achieve the 1 BTC dream as Bitcoin holds $20k range
Ever since early Bitcoin (BTC) investors woke up millionaires as the ecosystem gained tremendous popularity alongside the mainstreaming of the internet, investors across the globe have been in the rush to accumulate as many of the 21 million BTC — one Satoshi at a time. With BTC recently trading at the $20,000 range for the first time since 2020, small-time investors found a small window of opportunity to achieve their dream of owning at least 1 BTC. On June 20, Cointelegraph reported that the number of Bitcoin wallet addresses containing…
Binance Launches New Platform for VIP and Institutional Crypto Investors – Exchanges Bitcoin News
Crypto exchange Binance has launched a new platform for VIP and institutional investors. The VIP program allows Binance users to “get rewarded with more discounts and VIP privileges” as their trading volume climbs up VIP tiers. ‘Binance Institutional’ Launched Global cryptocurrency exchange Binance announced Thursday the launch of “Binance Institutional,” a new platform for VIP and institutional cryptocurrency investors. It is one of Binance’s efforts “to upgrade its institutional offerings and services,” the exchange said. Binance Institutional’s services are tailored for all types of institutions, its website describes. They include…
Bitcoin Hovers Near $21K as Investors Look to Avoid Another Weekend Slump
Bitcoin held steady at about $21K, but analysts say its hold above 20K is precarious. Source
Investors Pile Into Short Bitcoin ETF Betting on Prices to Fall
Investors have piled into a recently launched bitcoin exchange-traded fund (ETF) that’s designed to profit from price declines in the cryptocurrency – to the extent that the vehicle is now the second-largest bitcoin-focused ETF in the U.S. market after just a few trading days. Original
Binance Launches New Platform for VIP and Institutional Investors
The exchange’s release of Binance Institutional aligns with CEO Changpeng Zhao’s commitment to hire and expand during the bear market. Source
Swiss Regulator Urges Financial Watchdogs to Protect Crypto Investors – Regulation Bitcoin News
Crypto trading is increasingly similar to the U.S. stock market of the late 1920s, the head of the Swiss financial watchdog has remarked. The high-ranking official believes that regulatory agencies around the world should do more to ensure investor protection. Swiss Financial Watchdog Executive Calls for More Regulations for ‘Abusive’ Crypto Market Governments are still trying to find the best approach to overseeing the $900-billion crypto asset market, which in many jurisdictions is only partially regulated, Euronews noted in a report on Wednesday. Officials have issued numerous warnings about the…