“I would say, broadly, it’s a lot of retail,” said Kyle DaCruz, director of digital assets products at VanEck. But there’s a lack of transparency into who invests in ETFs in the early days of launch as many of the trades are executed by authorized participants, market makers and brokers, who all invest on behalf of an entity, he added. Source
In 2023, investors in China’s cryptocurrency market saw impressive gains, accumulating approximately $1.15 billion, according to Chainalysis. This achievement placed them fourth globally, trailing behind the U.S., the United Kingdom, and Vietnam. Here’s a sneak peek of our country-based estimates for 2023 crypto investor gains. 1. USA at $9.36B 🇺🇲2. UK at $1.39B 🇬🇧3. Vietnam at $1.18B 🇻🇳4. China at $1.15B 🇨🇳5. Indonesia at $1.06B 🇮🇩 Read the full blog here to see the entire list. https://t.co/HfD1MuGiA7 — Chainalysis (@chainalysis) March 14, 2024 Chainalysis, a blockchain research firm in New…
Outflows from gold exchange-traded funds and a surge in bitcoin ETF inflows fueled speculation investors were shifting from the precious metal into the cryptocurrency. Original
With the approval of spot Bitcoin ETFs, traditional investors seem no longer relying on crypto-friendly mining stocks as a proxy to gain access to BTC. Publicly traded Bitcoin (BTC) mining companies have traditionally served as a gateway for investors to gain exposure to the largest cryptocurrency by market capitalization without directly owning it. However, the recent approval of spot Bitcoin exchange-traded funds (ETFs) has dramatically changed this dynamic. In a statement to crypto.news, Alessandro Cecere, marketing specials at Bitcoin mining services firm Luxor Technologie said that the market “may now…
The crypto clearing house plans to start preliminary settlement services in the U.K. this year, subject to regulatory approval. Source
Issuers use these hedges with convertible debt to prevent dilution to existing shareholders, even when their share price rises above the conversion price, though they have to pay a fee. During its breakneck rally, fitness company Peloton famously raised $1 billion in convertible debts in 2021, including a capped call option. “The capped call transactions will cover, subject to customary adjustments, the number of shares of Coinbase’s Class A common stock that will initially underlie the notes,” Coinbase said. Source
Crypto investment products continue to shine in the middle of a strong bullish market sentiment. New data has shown institutional investors and traders are now going full speed on crypto investment products, allowing inflows to attain a new inflow record. According to CoinShares, a digital asset investment firm, digital investment products registered a record weekly inflow of $2.7 billion last week, pushing the year-to-date inflow near a new record. Crypto Institutional Investors Continue To Aim Higher The crypto market has attracted its fair share of rich visionaries and institutional traders…
Mudrex, a California-based crypto investment platform with Y-Combinator backing, has announced plans to make U.S. spot bitcoin exchange-traded funds (ETFs) available to both institutional and retail investors in India. CEO and co-founder Edul Patel highlighted the significance of this move, in an exclusive statement, particularly for institutional clients, stating, “this is much more valuable to institutions, as this was already available to retailers.” The platform will introduce four spot ETFs in its initial phase, featuring offerings from BlackRock, Fidelity, Franklin Templeton, and Vanguard. Operating with a subsidiary registered with the…
“This is much more valuable to institutions, as this was already available to retailers,” Patel said in an interview with CoinDesk. Retail clients in the country could access spot-bitcoin ETFs through U.S. stock investing companies, but “as far as we know” we are the first in India to offer this service to institutions, Patel said. “We are certainly the first Indian crypto platform to offer this service.” Source
The U.K.’s Financial Conduct Authority (FCA) said it will not object to requests from Recognised Investment Exchanges (RIEs) to build a listed market segment for crypto asset-backed exchange-traded notes (ETNs), the regulator said in a press release on Monday, a further sign of the increased institutionalization of cryptocurrency markets. The products would be available to professional investors, including investment firms and credit institutions, the FCA said.ETNs are a type of exchange-traded product, often issued by a bank or an investment manager, that tracks an underlying index or assets. Source