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CoinShares Launches a $75 Million Physically-Backed Ethereum (ETH) ETP

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A month after launching a Bitcoin ETP on Switzerland’s SIX Exchange, CoinShares has released a physically-backed exchange-traded product following the performance of the second-largest cryptocurrency – Ethereum.  Describing itself as “Europe’s largest digital asset investment house,” CoinShares is a cryptocurrency-oriented manager with over $4 billion in AUM. The company, headquartered in London, announced the launch … Read more

Report: Bitcoin Whales Sold At Least 140,000 BTC in February as Price Suffers

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Following weeks of accumulating substantial quantities of BTC, Bitcoin whales seem to have reversed the trend by disposing of some of their holdings in the past several days. Interestingly, this coincided with the massive market crash, which raises the question if whales are responsible for BTC’s decreasing price. Bitcoin Whale Spawning Season Over? The primary … Read more

Weekend Recovery: Bitcoin Rebounds $3K After Hitting 16-Day Low, ETH Eyes $1,500

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Following more adverse developments in which BTC dipped to $44,000 as of yesterday, the asset has reclaimed some ground by overtaking the $47,000 mark. Most altcoins have also taken a breather after the latest beating, with Cardano and Polkadot exploding with double-digit percentages. Bitcoin Recovers $3K After Hitting 2.5-Week Low The working week didn’t go … Read more

Cardano’s $35 Billion Market Cap Is Not Justified, Says Ethereum Proponent

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Cardano (ADA) is once again in the spotlight as its price fails to follow the current downtrend in the cryptocurrency market. In fact, ADA is currently up on almost all time frames, and it has managed to once again claim the third spot in terms of market capitalization. However, Anthony Sassano, one of Ethereum’s well-known … Read more

Cathie Wood’s ARK Innovation ETF bought 1.2 million shares of Twitter on Thursday following the social media company&#8217

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Cathie Wood is the creator, CEO, and CIO of ARK Investment Management. ARK Investment Management Cathie Wood’s ARK Innovation ETF included 1,268,926 shares of Twitter on Thursday. The relocation followed Twitter reported it plans to “at least” double profits by the end of 2023. The ARK Innovation ETF now owns some 3.1 million shares of … Read more

Wall Street Asset Manager Stone Ridge Files to Add Bitcoin to its Diversified Alternatives Fund

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New York City-based asset manager Stone Ridge has filed documents with the US Securities and Exchange Commission on behalf of its diversified alternatives fund to introduce BTC as the seventh investment strategy.  According to the filing with the SEC, the addition will become effective on April 26th, 2021. However, it doesn’t necessarily mean that the … Read more

Crypto Investment Fund to Sell $750M in Bitcoin for Cardano and Polkadot

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Dubai-based cryptocurrency investment fund currently sitting on $1 billion in AUM believes that the value of Cardano and Polkadot will be higher than that of BTC in the upcoming years. Consequently, the fund has announced plans to dispose of $750 million of its Bitcoin holdings and expand its exposure to ADA and DOT instead. Crypto … Read more

3 Possible Reasons Why Bitcoin Plunged Over 15% in 24 Hours

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The past few days have been rather tough in the cryptocurrency market. The total capitalization has dropped by around $360 billion since February 20th as the major coins take a beating. Bitcoin’s price declined by about $13,000 since its all-time high, and in the past 24 hours alone, it lost around 15% of its dollar … Read more

JP Morgan: Put 1% In Bitcoin as a Hedge as Demand is ‘Massively Outstripping’ Supply

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The narrative that investors should allocate 1% of their portfolio in bitcoin as a hedge has received support from strategists representing the giant US multinational investment bank – JPMorgan Chase & Co. The analysts also highlighted the evaporating liquid supply, as giant institutions and corporations are purchasing substantial quantities rather rapidly. JPM Suggest: Put 1% … Read more

Charlie Munger Compared Bitcoin to Gold But He Won’t Buy Either

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Charlie Munger, the longtime Warren Buffett partner, Vice Chairman of Berkshire Hathaway, and BTC critique, has lashed out against the cryptocurrency once again. During a recent interview, the executive dismissed bitcoin’s chances of becoming a medium of exchange but made a rather compelling comparison with gold. Munger Blasts BTC’s Price Fluctuations The 97-year-old billionaire investor … Read more