Bitcoin price 'very near bottom' with $30K dip, says bullish institutional report

Stack funds draws attention to this week's $2.3 billion Bitcoin options expiry, with a potential change in sentiment coming thereafter. Bitcoin (BTC) is “very close to the bottom” and still commands a bullish long-term view, institutional crypto firm Stack Funds believes.In its latest report issued on June 23, analyst Lennard Neo said that despite the price meltdown, there was no reason to flip bearish in BTC.Stack: BTC macro view "remains the same"The report came the day after BTC/USD plummeted below $30,000 for the first time in six months, only to rebound to current levels above $34,000.Volatility came thanks to a mining shake-up which, it now appears, will see hashing power transfer en masse from China to other countries.“Bitcoin, too, closed lower, diving down 28% after failing to break $42,000 late last week.

Institutional Exchange Bakk Launches Crypto Debit Card

US Institutional Exchange Bakkt launches a new virtual Visa debit card named “Bakkt Card” for retail purchases in terms of crypto transactions.

Institutional exchange launches crypto debit card

Touted for its ability to allow users to "leverage the digital assets in their day-to-day lives,” the Bakkt Visa debit card is now available for online and in-store purchases. Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases.In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending.

Bitcoin Bear Market Fears Sparked by Institutional Outflows and Whale Capitulation

With Bitcoin failing so far failing to recover from its 50% drawdown from the April all-time high, the bear market narrative for BTC and the crypto market continues to grow.

Institutional selling of crypto reaches longest streak since Feb 2018

CoinShares’ weekly report showed another large outflow from digital asset products, with much of the selloff concentrated in Bitcoin funds.

3 reasons why Ethereum may underperform Bitcoin in the short-term

Ether could take longer than 12 months to regain ground versus Bitcoin due to increased uncertainties surrounding the shift to ETH 2.0 and reservations from institutional investors.

Denmark’s Danske bank open to reviewing position on 'partially regulated' cryptos

While cryptocurrencies previously stood at the fringe of the payments space, 2021 saw institutional interest increase as governments and banks invested heavily in the space.

Institutional Money Moving to Cardano and Stellar As Bitcoin and Ethereum Take a Breather: CoinShares

Emerging blockchain platform Cardano (ADA) and open-source blockchain payment platform Stellar Lumens (XLM) are capturing the attention of institutional investors, according to digital asset investment firm CoinShares.

Are Solana, KAVA, Maker, Polkadot good bets in this timeframe?

One of the market's top institutional investors, Grayscale, has updated its list of investments in cryptocurrencies, adding 13 new altcoins to its portfolio.

A RUNE with a view: How smart crypto traders caught a 48% price pump

THORChain and Kyber provide the perfect examples of how quant analysis and breaking news can help cryptocurrency investors to capitalize on volatile markets. Disparities in information access and data analytics tech are what give institutional players an edge over regular retail investors in the digital asset space.The core idea behind Markets Pro, Cointelegraph’s crypto intelligence platform powered by data analytics firm The TIE, is to equalize the information asymmetries that permeate cryptocurrency markets.Markets Pro bridges the gap with two world-class functionalities: the quant-style VORTECS™ score, and breaking NewsQuake™ alerts.

DeFi focused: Grayscale exploring 13 more crypto assets for its trusts

Grayscale has added 13 new cryptocurrencies to its list of assets under consideration, again exhibiting significant interest in DeFi. Institutional asset manager Grayscale has announced 13 more crypto assets are currently under consideration for its suite of crypto investment trust products.Revealed on June 18, the prospective assets mainly represent the decentralized finance (DeFi) sector, including 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, and 0x.The native tokens of high-speed scalable blockchain networks Solana, Near, and Dfinity have also been added to Grayscale’s list of considered cryptocurrencies.We’re always exploring new assets that can help us grow our family of investment products.

19 Trillion-Dollar Firms Have Bought Bitcoin – Digital Asset Manager Reveals Why

As crypto adoption continues to establish itself in the mainstream, this digital asset management firm is showing where Bitcoin ownership is spreading among institutional investors.

AAX Reserves $10M To Bring Lucrative Opportunities to the Solana Community

June 16, 2021 – Singapore, Singapore AAX, an institutional-grade cryptocurrency exchange powered by the LSEG Millenium matching engine, is throwing its weight behind the Solana platform and its ecosystem projects to promote adoption of the rapidly growing blockchain ecosystem.

AAX Reserves $10M to Bring Lucrative Opportunities to the Solana Community

[PRESS RELEASE – SINGAPORE, SINGAPORE, 16th June 2021] SINGAPORE, June 16, 2021 — AAX, an institutional-grade cryptocurrency exchange powered by the LSEG Millenium matching engine, is throwing its weight behind the Solana platform and its ecosystem projects to promote adoption of the rapidly growing blockchain ecosystem.

Bitwise secures $70M in Series B funding from major Wall Street investors

Bitwise has attracted significant investment from major American institutional investors to the tune of $70 million. Bitwise, a four-year-old crypto asset management firm has closed a Series B funding round, raising $70 million in fresh capital from investors.According to a report by CNBC on Tuesday major Wall Street figures like billionaire investor and Bitcoin (BTC) proponent Stanley Druckenmiller and David McCormick, CEO of asset management giant Bridgewater participated in the funding.Commenting on the stellar cast of investors, CNBC quoted Bitwise CEO Hunter Horsley stating that the company was keen to attract major Wall Street and crypto backers.Bitwise will reportedly utilize the newly raised funds to beef up its balance sheet as well double the size of its team.

Meet Blockster: the one-stop-shop social network for crypto enthusiasts

With a $1.7 trillion market cap and rising demand among institutional and retail investors, digital assets are on the right track to reach mainstream adoption. However, in terms of the social mediaThe post Meet Blockster: the one-stop-shop social network for crypto enthusiasts appeared first on AMBCrypto.

Sygnum to offer banking services to Aave, Uniswap, and other DeFi tokens 

Switzerland-based digital asset Bank, Sygnum has launched institutional-grade custody and trading services for Aave and Uniswap, among other decentralized finance [DeFi] tokens.

Bitcoin Looks Like a Bubble to Institutional Investor Hall of Famer Richard Bernstein

Cryptocurrencies have become a bubble, and people ignore other well-performing assets because of them, says Richard Bernstein.

Hedge Fund CFOs and Insurers Show a Growing Appetite for Crypto

There seems to be a rapidly growing appetite for cryptoassets among institutional investors, as nearly a 100% of surveyed hedge fund chief financial officers (CFOs) see their funds investing in crypto by 2026, and more insurers are seen buying shares of Grayscale Bitcoin Trust or Grayscale Ethereum Trust. As much as 98% of hedge fund CFOs expect their funds to invest in

Sygnum Adds Banking Services for DeFi Tokens Including Aave and Uniswap

The Swiss digital assets bank is launching institutional-grade custody and trading services for DeFi tokens, with yield-generating products to follow.

Algorand (ALGO) price strengthens as institutional investors back the project

Backing from institutional investors and a series of new partnerships could help ALGO break from its current range in the coming week.

What 'people misinterpreted on a massive scale' about Bitcoin!

Two of the hottest trends that drifted over the past couple of years include institutional investment moving to include bitcoin in their balance sheets and environmental, social, and governance factorThe post What 'people misinterpreted on a massive scale' about Bitcoin! appeared first on AMBCrypto.

Nexo in Miami: Crypto interest account giant talks DeFi, institutional adoption

Nexo believes that in the long run, regulation will help crypto more than hurt.

A New Era of Crypto: Digital Switchover 2.0

As cryptocurrencies begin to cement themselves into the wider financial system thanks to growing interest from previously wary institutional investors and blockchain technology’s increasing integration into our everyday lives, the way is being gradually paved for a world where all money and financial products are digital.

BarterTrade V2 Launches With Advanced Social Trading, Auto KYC and Institutional Grade Liquidity

BarterTrade, is a cryptocurrency trading ecosystem that upgraded to more advanced V2 on 6th May, 2021, implementing significant benefits and new features for traders.

Finance Redefined: The shadow DeFi conference in Miami! June 2-9

Talking with big brains about DeFi, regulation, CBDCs, and institutional adoption at the Bitcoin conference in Miami! Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami. While I managed to catch up with a handful of builders and big brains in the convention center, my time would have been better spent tracking down degens at the various satellite events, yacht parties, and nightclub meetups — the “shadow conference” for DeFi taking place while boomercoin maximalists talked over the same points they’ve been parroting for the better part of a decade.

US Bank State Street to Set Up a Digital Unit Focused on Cryptocurrencies

After citing surging demand from institutional clients, State Street has decided to release a digital unit focused on cryptocurrency investments.

One River Digital sees spike in demand for carbon neutral Bitcoin

After introducing a new carbon-neutral system for Bitcoin investment in April, One River Digital has already applied for a carbon-neutral BTC ETF. Institutional investors have been showing a stronger appetite for a carbon-neutral Bitcoin (BTC) investment solution by One River Digital Asset Management.One River Digital, a crypto-focused hedge fund offering exposure to Bitcoin and Ether (ETH), announced Wednesday that an “overwhelming majority of assets” in its institutional Bitcoin fund have chosen to switch to One River’s new carbon-neutrality share class.In April, the company introduced a new system that calculates the carbon cost of Bitcoin mining and buys tokenized carbon credits in order to offset the environmental impact.

Bitcoin miner Luxor eyes North American expansion with $5M funding round

Luxor and NYDIG have teamed up to foster growth for the North American crypto mining industry. Seattle-based mining software company Luxor has closed a Series A funding round led by institutional Bitcoin technology and financial services firm NYDIG.Luxor announced the $5 million funding round on June 9, adding that NYDIG will collaborate with Luxor on a number of mining-related ventures and hashrate-based products.Also participating in the equity round were mining companies Blockware Solutions, Celsius Network, DPO, Navier, and Supplybit.

Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift

Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami.

Coinbase Says Interest From Pension Funds and Hedge Funds Has Skyrocketed, Institutional Holdings Soar 170%

The Nasdaq-listed cryptocurrency exchange Coinbase has revealed record growth in its institutional business.

Why this institution is 'going to stick to Bitcoin'

Investors, mostly the institutional ones, continue to solve the mega puzzle.

US Institutional Bitcoin Demand Has Dried Up, says On-Chain Analyst

On-chain analyst William Clemente III noted that Bitcoin demand by US institutional investors had slowed down.

MicroStrategy Plans to Raise $400M Of Debt to Add More Bitcoins on Its Balance Sheet

MicroStrategy Inc. plans to borrow $400 million through senior secured notes from qualified institutional buyers.

21shares to Launch Bitcoin ETP for Institutional Investors in the UK

Switzerland-based 21shares announced it’s going to offer its crypto exchange-traded product (ETP) to institutional investors in Britain.

Record $141M outflow from Bitcoin products signals institutions are bearish on BTC: CoinShares

Institutional investors withdrew a record $141 million from Bitcoin investment products this past week.

Kevin O’Leary: Nothing Will Replace Bitcoin (Exclusive Interview)

Kevin O'Leary, a.k.a Mr. Wonderful, discussing the recent bitcoin's volatility, the pressure on Elon Musk, institutional adoption, Bitcoin ETF, ESG concerns, and more.

Trillions of Dollars Could Descend on Bitcoin Once It Clears This Hurdle, According to Kevin O’Leary

Business tycoon and Shark Tank star Kevin O’Leary is betting on a wave of institutional money flooding into Bitcoin once it solves a controversial issue.  In an interview with Kitco News, O’Leary explains that although he’s very bullish on Bitcoin, big money won’t be entering the space until Bitcoin miners can address environmental, social and […] The post Trillions of Dollars Could Descend on Bitcoin Once It Clears This Hurdle, According to Kevin O’Leary appeared first on The Daily Hodl.

Ruffer made a profit of $1.1 billion from its recent BTC sale

The largest cryptocurrency, Bitcoin in the market has seen a lot of institutional investors the past year, but some institutions don't seem to be in it for the long term, i.e.

Bitcoin Sell-Offs Are Deliberate, Hallmarks of Institutional Buying, Says PlanB

The first analyst to apply the stock-to-flow model to Bitcoin says that institutions are deliberately pushing the price of Bitcoin down in an effort to accumulate cheap BTC.

Digital bank Anchorage offers Ethereum-backed loans to institutions

Institutional investors can get USD on credit without liquidating their ETH. Crypto custody bank Anchorage Digital is expanding its services into crypto-backed loans for institutional investors.Clients at Anchorage can now access a line of USD credit backed by Ethereum through its partnership with US commercial bank BankProv.Anchorage Financing will introduce a simple way for investors to put their Ethereum holdings to work, enabling them to access USD to meet their needs without liquidating their holdings according to the announcement.

Institutions Gobbling Up Cardano and Two Additional Altcoins During Crypto Market Plunge: CoinShares

Digital assets manager CoinShares says institutional investors are buying Cardano (ADA), XRP and Polkadot (DOT) as the crypto market struggles to recover from a massive correction.

Anchorage and Crypto-focused BankProv to Provide Ethereum-backed Loans

Institutional clients who use Anchorage Digital for custody will be able to use their ETH as collateral for USD loans.

New DeFi ‘passport’ could enable under-collateralized crypto loans

Arcx has launched a new version of its “DeFi Passport,” Sapphire, promising the pseudonymous on-chain credit check will enable new decentralized finance products. Decentralized finance (DeFi) protocol Arcx has announced the launch of Sapphire v3, a DeFi passport allowing crypto users to pseudonymously build and verify their reputation on-chain.Announced June 2, the DeFi passport will score users on a scale between 0 and 1,000, with Arcx advancing that the passport “incentivizes reputation-building and curates on-chain identity into DeFi.”In the absence of a DeFi passport, Arcx asserts that “protocols are left to treat every user the same, occasionally giving preferential consideration to wallet size, institutional backing, or restrictive KYC.”Arcx expects its passport will be integrated onto many DeFi protocols, predicting Sapphire will allow projects to offer “low-collateral loans and high-yield farms” targeting users with high credit scores.

Bitcoin Breakout Imminent: Chart Patterns Suggest Institutional Buying

Bitcoin has been consolidating for the best part of the past fortnight and as the range tightens analysts are eying a breakout, but which way will it go?

Standard Chartered's Venture Arm Builds Institutional Crypto Brokerage

SC Ventures has partnered with BC Technology Group to offer institutional clients access to crypto trading.

Standard Chartered plans European crypto exchange after HSBC says 'no' to industry

A new joint venture with the owner of the first licensed Hong Kong exchange will focus on institutional clients in the UK and Europe. United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say.According to Reuters on June 2, StanChart has partnered with Hong Kong exchange owner BC Technology Group to launch a platform for the UK and European institutional market.Standard Chartered: Crypto is "here to stay"The bank has long touted interest in the cryptocurrency sphere, and news of the launch follows various efforts to enter the crypto trading arena.The project will be handled by SC Ventures, the innovation arm of the bank, with no deadline for activities to begin yet named."We have a strong conviction that digital assets are here to stay and will be adopted by the institutional market as a highly relevant asset class," Alex Manson, head of SC Ventures, told Reuters.StanChart thus becomes the latest mainstream financial player to pledge an interest in crypto trading.

Institutional investors load up ETH, with its share of AUM hitting a new record

Institutional investors continue to exit BTC in favor of ETH, with Ether investment products now representing more than one-quarter of institutional crypto AUM. Institutional demand for Ethereum continues to surge, with Ether products now representing more than one quarter of the assets under management (AUM) of crypto investment products.According to CoinShares’ June 1 Digital Asset Fund Flows Weekly report, the past week saw significant institutional inflows of $74 million as investors sought to capitalize on the fall out from the recent crash in which many crypto assets lost more than 50% of their value.More than 63% of institutional inflows were injected into Ether products, or $46.8 million of the total.

Bitcoin price crash isn’t over, says JPMorgan strategist

JPMorgan analyst Nikolaos Panigirtzoglou said that a medium-term fair value for Bitcoin now stands between $24,000 and $36,000. Following the worst May for Bitcoin’s (BTC) price in the past 10 years, the largest cryptocurrency is likely to continue falling in the short term, according to JPMorgan analysts.Weakened institutional demand is likely to drag the Bitcoin price below $30,000, JPMorgan strategist and Bitcoin expert Nikolaos Panigirtzoglou wrote in the latest research note to clients.Based on Bitcoin’s volatility ratios to gold, the JPMorgan analyst forecasted that Bitcoin will continue to trade between $24,000 and $36,000 in the mid-term.

Singapore’s DBS Bank launches digital bond security token

Institutional or accredited investors signed up to the DBS Digital Exchange will be able to access secondary markets for DBS’s digital bond. Singapore-based multinational banking corporation, DBS Bank, has launched its first-ever security token offering, or STO, by issuing a digital bond.The DBS digital bond has been priced at $11.35 million and comes with a six-month tenor and coupon rate of 0.60% annually.

Crypto Market Finds Footing on Institutional Support – eToro Crypto Roundup

Bitcoin falls another 10% as DeFi coins show resilience.

Report: Amid pullback, Argentinian Bitcoin miners thriving

Institutional miners and hobbyists alike are taking advantage of energy subsidies to cash in.

Experts answer: How does Elon Musk affect crypto space?

Here’s what crypto and blockchain industry experts think about Elon Musk’s recent comments on cryptocurrency. Wes Levitt, the head of strategy at Theta Labs:“Musk’s tweets and the resulting effects certainly may have hurt crypto in the eyes of some institutional investors.

The remaining steps to mainstream institutional investment

The crypto space suffers from its checkered history and, to grow further, the ecosystem must become safer, more usable and more mature. It has been said that you only get one chance to make a first impression.

Bearish signals grow as Bitcoin price drops to $35K and traders ignore the dip

Bitcoin price hangs slightly above $35,000 while traders simply watch the dip from the sidelines. The cryptocurrency market faced a new wave of selling pressure on May 28 as Bitcoin (BTC) price dropped to $35,100 and traders seem generally disinterested in buy the dip ahead of the weekend.Despite the downside moves seen across the market over the past couple 2 weeks, institutional investors have for the most part held firm in their resolve to stay committed to cryptocurrencies but the absence of 'we bought the dip' announcements have retail traders wondering if Bitcoin price is in for further downside.BTC/USDT 4-hour chart.

For the long haul? When Bitcoin nosedived, institutions held fast

Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.” Mid-May’s price plunge was one of crypto’s wildest pullbacks in recent years, a tumble that eliminated nearly $1 trillion from crypto’s market value. The industry had soared to new heights a month earlier, with Bitcoin (BTC) reaching almost $64,000, driven in good part by institutional investors.

Decentraland Users Will Have More Power With New DAO

Decentraland (MANA) came into the spotlight when digital asset manager Grayscale included it in its array of products for institutional investment over 3 months ago.

Shark Tank's 'Mr. Wonderful': Bitcoin Institutional Investment Is 'BS'

Kevin O'Leary says most companies and funds aren't crowding into BTC due to sustainability concerns.

Andreessen Horowitz leads $40M investment round into crypto-trading platform

Talos seeks to accelerate institutional adoption of digital assets.

Lack of knowledge is main barrier to crypto adoption, new survey says

55% of survey respondents said that they were aware of crypto despite never owning or using cryptocurrencies. Among the many complications associated with cryptocurrencies like Bitcoin (BTC), a lack of knowledge and understanding of crypto is the biggest obstacle for wider adoption, according to a new survey.The Economist Intelligence Unit, the research and analysis division of the Economist Group, released a new report called “Digimentality 2021.”The study was commissioned by major payment and cryptocurrency platform Crypto.com and contains a consumer survey of 3,053 people conducted from February to March 2021.According to survey results, 51% of respondents said a lack of knowledge is the main barrier to the adoption of open-source cryptocurrencies like Bitcoin and Ether (ETH), while 34% of survey participants cited security concerns as the main obstacle, and 29% indicated difficulties in knowing where to buy crypto.In terms of crypto acceptance by institutional investors and corporate treasuries, 47% of respondents said that overall market trust or understanding of digital currencies was the biggest adoption obstacle.

Coinbase Goes After Institutional Customers Amid Investment Surge

US-based crypto exchange giant Coinbase is expanding its offer for institutional investors with a prime brokerage service, Coinbase Prime, building on its earlier success in attracting more than 8,000 customers in this market as of last March, the company said. “Today we are doubling down on our commitment to serving the growing Institutional market by launching the

Coinbase extends services to Institutional Users

Coinbase Global Inc said the exchange it is offering prime brokerage services for institutional customers, Bloomberg reported Tuesday.

Shark Tank’s Kevin O’Leary Expects Flood of Institutional Money Into Bitcoin When ESG Standards Are Met

Shark Tank star Kevin O’Leary, aka Mr.

Goldman Sachs Says FOMO Is Driving Institutional Investors to Bitcoin

Investment bank Goldman Sachs says institutional investors and asset managers are driven to bitcoin by “fear of missing out” (FOMO).

South Africa's central bank begins preliminary study for retail CBDC

The South African Reserve Bank has begun exploratory studies on central bank digital currencies. South Africa is the latest country to begin exploring the possibility of creating its own sovereign digital currency.According to a release issued on Tuesday, the South African Reserve Bank has begun preliminary feasibility studies about the “desirability and appropriateness” of a retail central bank digital currency.As part of its announcement, the SARB defined a retail CBDC as a cash-complimentary sovereign digital currency issued by the central bank suitable for electronic payments.“The objective of the feasibility study is to consider how the issuance of a general-purpose CBDC will feed into the SARB’s policy position and mandate,” South Africa’s central bank stated in its announcement.According to the SARB, the preliminary study will focus on issues surrounding a potential CBDC issuance for retail use in South Africa:“The feasibility study will include practical experimentation across different emerging technology platforms, taking into account a variety of factors, including policy, regulatory, security and risk management implications.”South Africa’s CBDC study is expected to last until 2022 and will potentially align with the existing institutional digital payments pilot under the aegis of “Project Khokha.”Like other central banks currently studying CBDCs, the SARB also stated that its current exploratory studies were in no way an indication of plans to issue a digital rand in the future.Back in June 2018, the SARB launched a pilot test for Project Khokha — the country’s tokenized fiat interbank payment system.

Coinbase Launches New Version of Prime Brokerage in Bid to Diversify Revenue

Coinbase's revamped Prime offering could let it tap new revenue from corporate and institutional clients.

IT Firm Globant Purchases Bitcoin for $500K as the Latest Institutional Investor in BTC market

Globant becomes the latest major company to invest a total of $500,000 in Bitcoin in the first quarter of 2021.

Retail Traders Catalyzed Latest Bitcoin ‘Panic Sale:’ Chainalysis

Institutional investors didn’t sell much of their crypto holdings on “Black Wednesday”—but retail traders did, according to a new report.

Institutional Ethereum Inflows Outpace Bitcoin for the First Time: CoinShares

Digital asset manager CoinShares says inflows into its Ethereum products vastly outpaced inflows into Bitcoin (BTC) for the first time ever.

If Bitcoin Was Dependent on the Likes of Elon Musk – it Would Have Failed (Opinion)

Bitcoin was here before Elon Musk and Tesla got involved and before many other institutional players.

JP Morgan: Institutions May Replace Bitcoin for Gold As BTC Plummets Below $40K

JP Morgan experts believe that institutional investors might replace bitcoin with gold since the price of the digital asset collapsed.

Swiss Sygnum bank to offer custody for Internet Computer token

Major Swiss crypto bank Sygnum is planning to launch options trading for the ICP token at a later date. Switzerland-based cryptocurrency bank Sygnum is launching custody and banking services for Internet Computer (ICP) utility tokens.Sygnum announced Tuesday that ICP holders will be able to deposit their tokens with the bank’s institutional-grade segregated wallets.

Coinbase to raise $1.25B via debt securities for institutional investors

With shares in the Nasdaq-listed cryptocurrency exchange continuing to underperform, Coinbase is seeking a $1.25 billion cash injection from institutional investors. United States-based cryptocurrency exchange Coinbase seeks to raise $1.25 billion in funds through a proposed private offering for institutional buyers. According to an announcement on May 17, the offering will be in the form of convertible senior notes due 2026, available only for institutional investors who manage a minimum of $100 million in securities issued by other companies.

Institutions dump BTC as volume soars for Ether funds

Institutional investors appear to have offloaded nearly $100 million worth of Bitcoin exposure this past week while Ether investment product volumes surged. CoinShares’ weekly Digital Asset Fund Flows report has revealed last week saw the largest Bitcoin in the report’s history as Elon Musk’s Twitter account again wreaked havoc in the crypto markets.The May 17 report notes $98 million exited Bitcoin investment products last week, equating to 0.2% of total assets under management, or AUM.

Spanish Regulator Issues Guidelines for Fund Managers Planning to Invest in Cryptocurrencies

The Spanish financial regulator is easing the entity’s tough stance towards cryptocurrencies by announcing an unprecedented measure that green lights institutional investors to enter into such business decisions.

DeFi growth helps push crypto’s share of the global money supply above 2%

The cryptocurrency market now accounts for 2% of the global money supply as DeFi and stablecoin growth point to steady increases in adoption. This year decentralized finance (DeFi) has proven to be a transformative sector for the cryptocurrency ecosystem and it is also making waves in among global financial markets as institutional investors become entranced with the potential to earn high yields on stablecoins, altcoins and Bitcoin. While the price action from Dogecoin (DOGE) has dominated the headlines in recent weeks, Delphi Digital has been chronicling the growth of the DeFi ecosystem on the Ethereum (ETH) network which has steadily been gaining strength over the past month.

Spanish Regulator Green-lights Institutional Crypto Investment

Spain’s market regulator has announced that it will allow firms operating funds to make crypto investments – but only under certain conditions. Per El Economista, the National Securities Market Commission (known locally as the CNMV) has published a new set of guidelines for institutional investors.

Diginex's crypto custody arm receives green light from UK financial watchdog

The firm said clearing the regulatory hurdle had the potential to drive more institutional investors towards crypto custody solutions. Financial regulators in the UK have approved Digivault, the security token custody arm of digital assets group Diginex, to register as a custodian wallet provider.In an announcement from Diginex today, the firm said the Financial Conduct Authority, or FCA, had given the green light to Digivault to register as a stand-alone digital asset custodian in the United Kingdom.

Investment bank Cowen set to offer institutional-grade crypto custody

The 103-year-old bank wants to hold crypto for asset managers and hedge funds as Wall Street begins offering cryptocurrency products to institutional clients. 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 Company.

Gemini's crypto custody tops $30B as analyst predicts Coinbase shares will fall to $100

Gemini's crypto assets in custody have trebled this year which the exchange attributes to surging interest from institutions and asset managers, The Winklevoss twins’ Gemini exchange now has $30 billion worth of cryptocurrencies under custody as competition heats up among top US exchanges.In a May 11 announcement, the exchange attributed much of the growth this year to strong demand from institutional clients: “Tracking with the impressive growth of the crypto market this year and increased participation from institutional investors, we have more than tripled our crypto under custody since the beginning of 2021.”Gemini works with large asset managers including BlockFi, Blockchange, CoinList, CI Global Asset Management, DAiM, BTG Pactual, Caruso, Eaglebrook Advisors, and WealthSimple.The New York-based company was founded in 2014 by Cameron and Tyler Winklevoss.

DeFi lending platform Aave reveals 'permissioned pool' for institutions

Designed for institutional investors, the lending pool will feature KYC and AML restrictions.

Babel Finance raises $40M to expand crypto offerings

The Series A round underscores growing investor appetite for crypto-focused institutional offerings.

Institutional Investors Are Behind Ethereum’s Surge Above $4,000: Analyst

Although numerous factors are going in Ethereum's way, the latest surge above $4,000 could be largely attributed to institutional investors, says CryptoQuant.

Here's what has contributed to institutions taking Bitcoin, Ethereum, and other cryptos

Over the past year, Grayscale has become synonymous of sorts with Bitcoin and cryptocurrencies, at least from a mainstream, institutional investor perspective.

Ethereum, Dogecoin, Cardano, BTC ETFs, MATIC: Know these coins' path to Altseason

Bitcoin’s dominance is one of the biggest drivers of institutional interest and mainstream adoption.

Institutions Bought Another $620M Worth of Bitcoin as Miners Refuse to Sell: Analysis

Institutional investors have bought another $620M worth of bitcoin, while miners refuse to sell their coins - is the asset preparing for lift-off?

Dogecoin Needs 3 Conditions Fulfilled to Move Beyond USD 1

The rallying dogecoin (DOGE) could grow to be a “true” payment token, and to be widely accepted by retailers - but for its price to grow, three relevant conditions need to be met, according to El Lee, the Co-Founder and Chief Operating Officer (COO) of the Singapore-headquartered Onchain Custodian (ONC), a provider of institutional-grade digital asset custody services.

Goldman Sachs Trades First Bitcoin Derivatives As Wall Street Eyes $2.4 Trillion Crypto Market

In yet another sign of institutional adoption, investment banking giant Goldman Sachs is expanding its role in the cryptosphere with new offerings for its clients.

Goldman Sachs launches limited BTC derivatives trading desk

After years of anticipation, Goldman is finally offering institutional partners trading services. One of the largest investment banks in the world just launched a cryptocurrency trading desk — though executives made sure to specify they would only be trading derivatives, and will not have actual digital assets on the books.  A CNBC report this morning revealed a internal Goldman Sachs memo announcing the launch of a cryptocurrency trading desk.

Goldman Sachs Clients Trade Bitcoin Derivatives as Citi Discusses Crypto Services

Institutional adoption comes from different US banks as both Goldman Sachs and Citibank have or are currently exploring ways to enter the cryptocurrency space.

‘Blood Coins’ Big Problem for Institutional Investors, Says Shark Tank Veteran Kevin O’Leary

The chairman of exchange-traded fund (ETF) provider O’Shares Investments and Shark Tank star Kevin O’Leary believes unsustainably mined cryptocurrencies pose a challenge to institutional investors.

BakerySwap, Syscoin and Utrust rally as altcoin season kicks into high gear

BAKE, SYS and UTC have secured triple-digit gains as large and small-cap altcoins capitalize on Bitcoin’s range-bound price action. Bitcoin’s (BTC) institutional adoption shows no signs of slowing down.

OKEx Insights-CryptoCompare Report: Institutional Investors Exhibit Increased Interest in Ethereum

The second-largest cryptocurrency in terms of market cap, Ethereum is creating history as its value hovers around the recently found all-time high.

Osprey Polkadot Trust Arrives as Institutional Interest in Altcoins Swells

The newest investment trust tracking polkadot echoes other moves by the fund manager to make cryptos accessible via traditional equity markets and satisfy growing investor demand as interest in ETPs mounts.

VanEck and BetaShares apply for Aussie crypto ETFs as family offices snap up BTC

Numerous institutional crypto product applications have been lodged as Australians buy more Bitcoin.

When Can We Expect Bitcoin's Biggest Loss in 2021?

Disclaimer: The text below is a press release that was not written by Cryptonews.com. One of the biggest changes in the crypto community in 2020 is the keen adoption of Bitcoin by institutional investors.

Galaxy Digital to acquire crypto custodian and services provider BitGo

Under the acquisition’s terms, BitGo shareholders will get 33.8 million in newly issued shares of Galaxy Digital, in addition to $265 million in cash. Galaxy Digital, a crypto and blockchain-focused financial services and investment manager founded by Mike Novogratz, is set to acquire institutional crypto custodian service and wallet operator BitGo. According to an announcement on Wednesday, Galaxy Digital Holdings will pay $1.2 billon in stock and cash to settle the deal.

Original Ethereum Outperforms ETH Despite Its 'Institutional Evolution'

The native token of the original Ethereum blockchain, Ethereum Classic (ETC), is rallying, rising nearly 50% in a day, outperforming Ethereum (ETH) despite its 'institutional evolution'.

Institutional managers hold a record $13.9B worth of Ethereum

Weekly inflows into Ethereum investment products continue to grow, according to the latest CoinShares report.

Singapore’s largest bank posts tenfold crypto volume growth in Q1 2021

DBS Bank CEO Piyush Gupta said the bank's exchange has scheduled a token offering for quarter two. DBS Bank, Singapore’s largest retail and commercial bank, has announced its first-quarter financial results following the launch of its institutional cryptocurrency exchange in December 2020. DBS chief financial officer Chng Sok Hui said that the bank saw record performance as quarterly net profit surpassed $2 billion for the first time in history, doubling from the previous quarter. DBS’ newly launched crypto platform, DBS Digital Exchange, apparently played a significant role in the bank’s latest milestone, as the platform saw a tenfold increase in daily trading volumes, reaching $30 million to $40 million, DBS CEO Piyush Gupta said.  The CEO announced further plans for the newly launched crypto exchange, including the company’s first security token offering scheduled for the second quarter of 2021. Gupta also mentioned the company’s collaboration with United States investment bank JPMorgan Chase and Singapore state investment firm Temasek to create a new blockchain venture focused on global interbank transactions.  “Blockchain can change the paradigm.