Novogratz’s Galaxy Digital Pulls in $32 Million for Ethereum Funds

The $32 million comes from five institutional investors.

Bloomberg Terminal Adds Price Data for Chainlink and 5 Other Coins

Institutional investors can now track a wider variety of cryptocurrencies on the Bloomberg Terminal.

Thai bank's venture arm invests in institutional crypto custodian Anchorage

SCB 10X, the venture arm of Thailand's oldest bank, is participating in an $80 million Series C fundraising round for institutional crypto custodian and digital asset platform Anchorage. Just last month, SCB 10X — the venture arm of Siam Commercial Bank — had announced its new $50 million fund dedicated to investments in global blockchain, decentralized finance and digital asset startups.

Record GBTC discount may spark $100K Bitcoin price rise — analyst

History repeating itself have the potential to spark a 2-4X BTC price run, data covering the GBTC premium suggests. Bitcoin (BTC) could be in for a $100,000 bull run next if a classic signal from institutions repeats its historical trend. In a tweet on March 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that those seeking clues about what lies next for Bitcoin should look at the Grayscale Bitcoin Trust (GBTC). Negative premium "could signal march to $100,000" As Bitcoin fell to $43,000 and continued to linger below all-time highs thereafter, the so-called “premium” on GBTC flipped negative. This means that GBTC shares are trading below their so-called net asset price (NAV) — institutional buyers are able to buy at a discount.

BitGo receives trust license from New York regulators

Goldman Sachs-backed crypto custodian BitGo has acquired a New York Trust license to operate as an independent custodian in the state. Major American digital asset custody and security company BitGo has acquired a New York Trust license from the New York State Department of Financial Services. According to an announcement, the new charter enables BitGo to provide custodial services for institutional clients in New York seeking to make large investments in crypto in compliance with local regulations. With the new license, BitGo will provide Know Your Customer and Anti-Money Laundering controls and offer offline cold storage of cryptographic keys in bank-grade vaults, BitGo said. BitGo CEO Mike Belshe said that the new trust charter from NYDFS will help the company serve the world’s premier financial organizations based in the state of New York. Belshe said that the company has seen a significant surge in institutional customers:  “The past year has been exceptional for BitGo and the digital asset markets overall, primarily due to the influx of large financial services institutions that bring a new level of credibility, liquidity and stability to the crypto ecosystem.” BitGo applied for the New York trust charter in August 2020 in a move to start operating as an independent and regulated custodian in the state Founded in 2013 in Palo Alto, California, BitGo provides institutional-grade storage for cryptocurrencies like Bitcoin (BTC) as well as handling crypto transactions.

1 in 5 investors at firms that don't trade in crypto say they are 'likely' to in future

A poll has found 22% of institutional investors are likely to buy cryptocurrency in the future. A survey carried out by JPMorgan found that one in five institutional investors at firms that don't currently trade in cryptocurrency believe their companies are likely to do so in future. The survey of more than 3,400 investors representing 1,500 institutions, found that 11% of respondents work at firms that trade or invest in crypto, while 89% do not. Promisingly however, twice as many institutions appear likely to invest into crypto ashan those who have already taken the plunge, signalling institutional money may continue to flow into the markets over the near-term.

Bitcoin’s Bull Market Is Just Warming Up as Indicated by Large Outflows and Institutional Interest

Veteran on-chain analyst Willy Woo believes that BTC is getting ready for the next bull run as more users are trickling in.

Institutional Investors Continue to Buy Bitcoin as Price Tops $50K: Report

Institutional investors bought the dip last week and have withdrawn $630 million in BTC from Coinbase in one day, says on-chain data.

Colombia's Banco de Bogotá set to participate in Superfinanciera's crypto pilot

Over the past few months, thanks to its performance on the price charts and the institutional interest it is generating, the cryptocurrency market has well and truly become part of the mainstream.

Grayscale Bought 80% of All Litecoin Mined in February

The 'digital silver' has seemingly found its backers among Grayscale’s accredited and institutional investors.

3 reasons why Reef Finance, Bridge Mutual and Morpheus Network are rallying

Strong fundamentals and new partnerships back the strong rallies in Morpheus Network, Bridge Mutual and Reef Finance. As new institutional and retail investors enter the cryptocurrency space on a daily basis, large-cap top performers like Bitcoin (BTC) and Ether (ETH) attract the lion's share of investor's attention as they are the well-known 'secure' blockchain projects.  Once these new investors get a taste of the mainstay cryptocurrencies and how to navigate the volatile markets, their attention soon turns to smaller cap coins as they search for the up-and-coming projects that could be the next big thing.

Institutional Investors Pile Into Crypto Exchange-Traded Products: Managed Assets Rise to $44 Billion This Month

The total assets under management across all crypto exchange-traded products (ETPs) worldwide have risen 50% this month to nearly $44 billion.

What does a positive Coinbase premium mean for Bitcoin's price?

Bitcoin's price action on Coinbase has stood the test of time, especially since the crypto-exchange's user statistics have often highlighted institutional participation in the market.

Bitcoin Price Analysis: 27 February

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice According to data shared by CryptoQuant, US institutional inves The post Bitcoin Price Analysis: 27 February appeared first on AMBCrypto.

What DeFi needs to do next to keep institutional players interested

In order for DeFi to have access to institutional actors, it will need to adapt.

Galaxy Digital co-president explains two things deterring institutional crypto buying

With a number of mainstream entities buying into Bitcoin, what's holding some back? In recent months, companies such as MicroStrategy and Tesla have picked up sizable positions in Bitcoin.

Bitcoin price flies solo? Institutional crypto push may be overrated

Bitcoin’s market cap broke the $1 trillion barrier without a final push from institutions — could their influence be overrated? In the history of financial markets, there are only a few tradable assets that have conquered this frontier.

Bitcoin Rebound Fizzles Out As Retail Investors Exit the Market

But institutional investors appear to be propping up prices by buying the dip.

Bitcoin needs clear regulations to be less volatile, Bridgewater analyst says

Bitcoin will become more stable and liquid when regulatory certainty is in place, Bridgewater’s director of investment research argued. A senior analyst at asset management firm Bridgewater believes that regulation could potentially make Bitcoin (BTC) a good asset for institutional investors. Bridgewater director of investment research Rebecca Patterson claimed that regulatory certainty around Bitcoin would solve some of the cryptocurrency’s biggest problems associated with high volatility and low liquidity. In a Feb.

Simplex and Skrill Broaden Cryptocurrency Convenience by Launching New Onramp Solutions

As enthusiasm for cryptocurrency mounts amid strong demand from retail and institutional investors, financial service providers Simplex and Skrill are building more inroads into the ecosystem, focusing on improving transactability and convenience.

13,000 Bitcoins Withdrawn from Coinbase: Institutional Investors Still Buying at $48K?

BTC's price could be headed for a price recovery as data suggests that institutional investors have withdrawn more than $650M in BTC from Coinbase.

How has Bitcoin's recent price woes impacted institutional interest

Based on the Ecoinometrics report, last week AMBCrypto reported on the rising dependence of Institutions on Bitcoin and vice versa.

Blockstream CEO Says Institutional Investors Buying the Dip After Square’s $170,000,000 Bitcoin Purchase

Bitcoin pioneer and Blockstream CEO Adam Back says Square’s massive BTC purchase is a sign that institutions are scooping up the leading crypto asset amid the marketwide correction.

Square Invests another $170 Million in Bitcoin as Wave of Institutional Support Floods Crypto

Square has optimized on the temporary Bitcoin dip and scooped up more of the digital asset, buying approximately 3,318 Bitcoins when the cryptocurrency’s price was trading around $50,000.

M31 Capital is looking to launch a new Bitcoin hedge fund

The M31 Capital Bitcoin Access Fund could provide institutional investors with another avenue for investing in BTC.

‘Sustained institutional buying’ will hold Bitcoin above $50K: CrossTower

New research from CrossTower argues institutional buyers will hold BTC prices above $50,000. In a report shared with Cointelegraph, institutional crypto trading platform CrossTower asserts that large investors will not let Bitcoin (BTC) fall back below $50,000. According to the report, addresses holding over 1,000 BTC rose to record highs in January on the heels of sizable retracements — evidencing strong dip-buying from whales despite the relatively high price of Bitcoin. Combined with positive business developments in the industry, such as Mastercard’s decision to integrate certain cryptocurrencies and BNY Mellon’s newly launched custody services, CrossTower believes the outlook remains bullish for the digital asset markets.

Institutional Bitcoin Investors Briefly Lose $13 Billion in Biggest-ever Market Dip

Companies holding significant amounts of the currency today lost billions in a flash.

Bitcoin Clings to $57k All-Time High as Institutional Investors Pour In

Bitcoin retains its ATH amidst a serious surge in institutional interest.

Exchange tokens benefit as centralized exchanges battle with DeFi platforms

Exchange tokens catch a boost as governance and high yields attract fresh inflows and CeFi begins to merge with DeFi. Fresh institutional and retail investor inflows into the cryptocurrency market have led to bull market conditions for many top tokens from blue-chips like Bitcoin (BTC) and Ether (ETH) to more recently established DeFi projects like AAVE and Synthetix (SNX). Exchange tokens are another easily overlooked sub-sector of the market but they have been performing exceptionally well in 2021 as increases in trading volumes results in a larger pool of fees to collect when the exchange’s native token is used for settlement.

Bitcoin Is a Hedge Against US-China Trade War: FalconX CEO

The CEO of FalconX cites the inflationary hedge, geopolitical risk, and the mechanics of 24/7 as the reasons behind the recent institutional interest in Bitcoin.

Price analysis 2/19: BTC, ETH, BNB, DOT, ADA, XRP, LTC, LINK, BCH, XLM

Bitcoin’s rally to a $1 trillion market cap could attract more buyers to the crypto sector and boost the price of several altcoins. Bitcoin (BTC) price finally reached a $1 trillion market capitalization on Feb.19, which is an important milestone because as BTC gains size, the digital asset will continue to attract new institutional investors who will consider allocating a portion to their portfolios. Glassnode data suggests that high-net-worth individuals are continuing to pump money into Bitcoin.

Bitcoin: With hedge funds yielding 20% risk-free ROI, what's in it for traders?

When BTC's price crossed $50,000 and hit a new ATH on 17 February 2021, net positions on CME Bitcoin Futures showed that institutional investors or hedge funds were possibly short on Bitcoin.

Here's why institutional interest in Ethereum has hiked so rapidly

It is safe to say that Ethereum is no longer playing second fiddle to Bitcoin.

The social side of institutional push: Popular excitement drives crypto adoption

Corporate forces can spark a record-breaking price rally, but it’s up to consumers to solidify the momentum. The start of February has brought yet another batch of evidence supporting the notion that the ongoing surge of crypto prices has deep institutional roots.

JPMorgan, UBS, and Goldman Sachs Back Polkadot (DOT) with an ETP Investment

As institutional investors enter the cryptocurrency scene, investor appetite may not be limited to Bitcoin and Ethereum.

Exchange tokens BNB, HT, FTT and OKB are on fire in February — Here's why

Increased trading volumes, innovative products and strong DeFi integration have helped BNB, HT, FTT and OKB soar in February. Bitcoin’s (BTC) current bull run continues to attract institutional investors who are finally realizing its long-term potential.

Bitcoin: Is centralized, third-party exposure the way ahead?

Bitcoin receiving constructive institutional interest is becoming quite a norm these days.

MicroStrategy raising $600M…. no, $900M to buy more Bitcoin

Should the purchase go as planned, the business intelligence firm would hold more than $3.5 billion in Bitcoin as a reserve asset. Following a Tuesday announcement that MicroStrategy would be planning to buy $600 million in Bitcoin through a sale of convertible notes, the business intelligence firm has upped the ante by another $300 million. MicroStrategy said today it would be selling $900 million in convertible senior notes due in 2027 in a private offering to qualified institutional buyers.

Goldman Sachs, JPMorgan, UBS Are Trading an ETP Tied to Polkadot’s Crypto

The purchases suggest institutional investors’ appetite for crypto exposure in the bull market goes far beyond bitcoin, or even ether.

Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells

On Wednesday, as the leading crypto asset bitcoin has been riding above the $50k handle, the well known firm Blockchain.com announced the company has raised $120 million in a strategic financing round.

Blockchain.com raises $120M funding round to grow institutional business

Blockchain.com is continuing its institutional pivot with the new cash injection. Several notable macro investment funds joined the round, including Moore Strategic Ventures, Access Ventures, Rovida Advisors, Lightspeed Venture Partners, Google’s investment spin-off GV, Lakestar, Eldridge, Hayman Capital’s Kyle Bass and others.

Crypto Wallet Startup Blockchain.com Raises $120M From Investors Including Google Ventures

Blockchain.com said the institutional backing will power an increasingly institutional-minded business.

Gold Bull Peter Schiff Changes Bitcoin Price Prediction as BTC Smashes New Record of $50,000

Bitcoin has achieved a new record high of $50,000 as institutional support has continued to pile onto the cryptocurrency.

A Second Bitcoin ETF Gets Approved in Canada

Evolve Funds Group’s ETF will offer institutional investors in Canada another way to get exposure to Bitcoin.

New Bitcoin ETF Attempt, Diem's Move, Ripple vs. SEC + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, aims to launch a Bitcoin exchange-traded fund (ETF), per a filing with the US Securities and

Litecoin Attempts to Redeem Charlie Lee’s ‘Original Sin’ as LTC Markets Gain Momentum

Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021.

MicroStrategy intends to buy more Bitcoin; BTC rallies to $50K

Publicly traded company MicroStrategy intends to offer $600 million worth of convertible senior notes in a private offering to qualified institutional buyers.

Bitcoin hits $50,000 a new historic milestone for BTC price

Bitcoin has achieved $50,000 amid bullish news, institutional adoption and major companies like MicroStrategy adding to their BTC allocations. Bitcoin (BTC) surged to new all-time highs on Feb.

Price analysis 2/15: BTC, ETH, ADA, XRP, DOT, BNB, LTC, BCH, LINK, XLM

The sharp recovery in major altcoins and Bitcoin suggests the uptrend remains intact. A large part of the current crypto bull run has been driven by institutional demand.

CoinShares CSO Reports Institutional FOMO for Ethereum, $175,000,000 Entering ETH-Related Products in Just One Week

Meltem Demirors, the chief strategy officer of investment firm CoinShares, says institutional investors are starting to stampede into Ethereum (ETH) as FOMO surrounding the second-largest crypto asset erupts.

SEC’s Hester Peirce Urges for Crypto Regulations as Institutional Interest Piles

Institutional interest in Bitcoin and cryptocurrencies is a serious sign that the digital assets market needs regulationс, said SEC Commissioner Hester Peirce.

Ripple Reveals Push To Expand Institutional XRP Liquidity in Asia, Launches Hiring Spree for RippleX

A new job opening at Ripple is highlighting the payments startup’s efforts to expand XRP liquidity for institutions across the world’s largest continent.

Institutional adoption underscores urgency of clear crypto rules, says Hester Pierce

Regulatory clarity in the crypto industry is needed now more than ever, per one official. As institutions move into the cryptocurrency space, the need for clear rules regarding digital assets is critical, an official at the Securities and Exchange Commission said. SEC commissioner Hester Peirce believes that clear cryptocurrency rules are needed now more than ever due to firms like Tesla and Mastercard actively embracing the alternative asset class.

Bitcoin's Coinbase premium turned negative. Here's what it means for BTC price

Coinbase Pro is a major bellwether for institutional demand.

Bitcoin Sets New All-Time High of $49.7K, Putting $50K Within Striking Distance

The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.”

Bitcoin goes mainstream as institutions hold 3% of BTC’s circulating supply

The growing appetite of institutional investors means companies now hold more than 460,000 BTC, which is 3% of the total supply in circulation. Institutional investors are rapidly gobbling up Bitcoin, and at the time of writing, nearly 3% of the Bitcoin (BTC) in circulation are locked up in long-term holdings by these investors. Data shows that 24 entities have amassed more than 460,500 BTC, which is equivalent to $22 billion at Bitcoin's current price. According to Michael Novogratz, this figure excludes the 3 million BTC forever lost, who estimates that a supply shortage could occur shortly if institutions keep up their current buying spree. The current list of holders includes MtGox K K, which has close to 141,690 BTC ($6.6 billion).

Can banks be their own bank? Deutsche Bank, BNY Mellon plan custody services

Experts say building custody solutions is tricky, but will become crucially important as crypto grows more valuable. As multiple banks prepare crypto custody services, holders now have to flip an old Bitcoin saying on its head: are the banks prepared to be their own (and others') bank?  Last week BNY Mellon, the oldest bank in the United States, announced they would be providing custody solutions, ceding to pressure from institutional investors.

Morgan Stanley to consider Bitcoin for $150 billion investment wing

Another domino falls in crypto’s institutional takeover According to a report from Bloomberg news this morning, Morgan Stanley is the latest major financial institution to consider an investment in Bitcoin.  Citing “people with knowledge of the matter,” the report says that Cointerpoint Global, a subsidiary of Morgan Stanley Investment Management with $150 billion in assets under management, “is exploring whether the cryptocurrency would be a suitable option for its investors.” Morgan Stanley’s website describes Counterpoint Global as a fund specializing in investments “whose market value can increase significantly for underlying fundamental reasons.” The fund is up 72.7% on the year, significantly outperforming the MSCI All Country World Net Index returns of 16.25%.

Bitcoin: Why China and US traders see institutional investments differently

For Bitcoin, 2020 was a monumental year, with its block reward halving followed by greater institutional investment culminating in the bull run which Bitcoin has managed to sustain to date.

Oldest American Bank BNY Mellon to Custody Bitcoin for Its Institutional Clients

Another bullish news for Bitcoin and the entire crypto industry comes as New York's oldest bank revealed today that it is planning to offer cryptocurrency services to its clients.

Tesla's $1.5B Bitcoin buy throws the cat amongst institutional pigeons

Elon Musk is either the hero or the villian of the year after Tesla's Bitcoin purchase polarized opinion among institutional investors. Not all analysts are convinced that Tesla’s recent acquisition of $1.5 billion worth of Bitcoin (BTC) will prove to be as beneficial for the tech giant as it was for the BTC coin price. Head of equity strategy at Saxo Bank, Peter Garnry, wrote in a research note that Elon Musk had exposed Tesla and its investors to “immense risk”, as reported by Reuters on Feb.

America's oldest bank, BNY Mellon, will custody Bitcoin

The chief executive of the bank's asset-servicing business says digital assets are becoming "part of the mainstream." Bank of New York Mellon, America’s oldest bank, has announced plans to hold, transfer and issue Bitcoin (BTC) and other cryptocurrencies as an asset manager on behalf of its clients. The impetus for the decision reportedly came from institutional investors — the top brass of BNY Mellon’s clientele — amid the 2021 bull season for the asset class.  As the Wall Street Journal notes, BNY Mellon is hardly the first household name in traditional finance to embrace digital assets, the likes of Fidelity Investments have long been in the game.

Avalanche (AVAX), Matic and Celo rally while Bitcoin price pulls back

Ethereum network competitors like Avalanche, Matic and Celo are seeing substantial gains as high gas fees push users to search for cheaper alternatives. Bitcoin’s (BTC) recent institutional investor-driven rally has steadily pushed its price to new all-time highs and while investors are intensely focused on BTC’s price action, a number of altcoins have also secured new multi-year highs. On.

Bitcoin Institutional Demand Accelerates in 2021 Says Grayscale CEO

Institutional interest to buy Bitcoin is accelerating in 2021 according to Grayscale's CEO.

Tether Now Has a $30 Billion Market Cap

Tether, the most popular stablecoin, has topped $30 billion in market cap amid a surge of growing institutional interest in Bitcoin.

Coincidence? Company stocks rise after they buy Bitcoin as a reserve

The market caps of most companies that bought Bitcoin have increased recently, but is that solely thanks to BTC? It seems to be the season of giving, and Bitcoin is doing just that, at least for its institutional backers, such as MicroStrategy, Galaxy Digital, Square and Marathon Patent Group, which got in somewhat early on the BTC gravy train. In this regard, PayPal revealed on Feb.

The Grayscale Bitcoin Trust: What It Is and How It Works

The Grayscale Bitcoin Trust is a traditional financial product that allows institutional investors to gain exposure to bitcoin.

Grayscale CEO: Firms race to buy Bitcoin as mood shifts from ‘why’ to ‘why not?’

Grayscale CEO Michael Sonnenshein told CNBC that more tech leaders and institutional investors could follow Elon Musk into Bitcoin after Tesla's $1.5 billion purchase. Grayscale CEO Michael Sonnnenshein says institutional demand for Bitcoin (BTC) has only increased, moving into 2021, following a record-breaking year that saw Grayscale’s assets under management soar to new heights.

Tesla’s Bitcoin Investment is Revolutionary for Crypto but Other Firms May Not Do The Same Just Yet - JPMorgan

Tesla, the latest institutional giant to make a BTC purchase, has reignited the crypto bull market and propelled BTC to a new all-time high with its $1.5 billion endorsement.

Altcoins move higher as Bitcoin bull flag points toward $50K BTC price

Select altcoins continue to hit new yearly highs, while a bull flag on Bitcoin suggests traders are preparing for a run at $50,000. Growing institutional interest in Bitcoin (BTC) helped elevate the top cryptocurrency to a new record high on Feb.

Record $584M Litecoin futures open interest signals institutional inflow

Open interest on Litecoin futures hit a record $584 million, a signal that institutional investors like Bitwise and Grayscale Investments are interested in the altcoin. Litecoin (LTC) might be 60% below its December 2017 all-time high at $420, but that hasn't stopped its futures contracts open interest from reaching a record $584 million.

Winklevoss Explains Why Bitcoin Is a Key Investment for Companies, Will Apple Add BTC Eventually?

A major factor that has been contributing to Bitcoin’s price rallies has been the wave of institutional inflow that has served to fuel its price momentum.

ETH Price Set to Rally as Institutional Capital Flows into Ethereum

Ether price rallied after GME Ethereum futures contracts launched, posting a new all-time high of $1,780.

ETH represented 80% of last week's institutional crypto inflows

Institutions were aggressively accumulating ETH in the lead up to the launch of CME futures, with Ether products representing 80% of last week’s institutional crypto inflows.

Grayscale acquires 1.5 times of total Bitcoin mined in January

After purchasing 16,244 BTC ($607 million at the time) on 18 January, Grayscale remains as one of the biggest institutional buyers in the Bitcoin market.

Price analysis 2/8: BTC, ETH, ADA, XRP, DOT, BNB, LTC, DOGE, LINK, BCH

Strong institutional demand has propelled Bitcoin and many altcoins to new all-time highs. Bitcoin (BTC) broke out to a new all-time high today, buoyed by the news that Tesla has purchased $1.5 billion worth of Bitcoin, according to a filing with the Securities and Exchange Commission. In addition to the Bitcoin purchase, Tesla also plans to offer its customers the option of buying products with BTC. Instead of converting BTC payments to fiat upon receipt, Tesla may decide to add it to its reserves. Daily cryptocurrency market performance.

AAVE Off to Reclaim Previous Record High after Institutional Endorsement

AAVE has emerged as one of the most profitable cryptocurrencies entering the new week as Bitcoin’s bullish momentum pauses after a weekend sell-off.

Bitcoin Miner Bitfarms to Raise $31M in Sale of Shares to Institutional Investors

The additional funding will go towards the acquisition of more miners, expanding infrastructure and boosting working capital.

CME Launches Ethereum Futures, ETH Price Stays Steady

The launch of Ethereum futures on institutional exchange CME shows that it’s “clearly bullish” on crypto, experts say.

It’s Now Risky for Institutions To Not Allocate to Bitcoin, Says CoinShares CSO Meltem Demirors

CoinShares chief strategy officer Meltem Demirors is warning that it is now risky for institutional investors to not have Bitcoin in their portfolio.

Top 5 cryptocurrencies to watch this week: BTC, DOT, LINK, XLM, THETA

Bitcoin is facing rejection above $40,000, but if the bulls do not give up much ground, several altcoins could resume their uptrend. Bitcoin (BTC) has attracted several institutional investors in the past few months, but with the market capitalization sustaining above $700 billion, many more institutions are likely to contemplate buying Bitcoin.

Analysts Explain Why Bitcoin Futures Open Interest Just Topped $14 Billion

Analysts say the recent wave of institutional investors is behind the recent spike.

Why Plan B's target for Bitcoin is still $288,000

Bitcoin, at the time of writing, was trading above $39,000 on the charts, with there being evidence of institutional buying even at the said price level.

The institutionalization of BTC: Mining may be more profitable than buying

Regardless of Bitcoin’s price or future economic scenarios, Bitcoin mining will be a profitable activity. For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation.

Price analysis 2/5: BTC, ETH, XRP, DOT, ADA, LINK, LTC, BNB, BCH, XLM

Altcoins are reaching multi-year highs while Bitcoin price builds momentum for the next run at the $40,000 level. Bitcoin’s (BTC) correction from its January high has not shaken the confidence of institutional investors.

Travis Kling: In the Fed Era, There’s No Such Thing as Market Fundamentals

The Ikigai Asset Management investor discusses WallStreetBets, institutional investors and recent bitcoin critiques.

Crypto custodian Protego gets national charter from the OCC

Protego joins Anchorage as the first string of digital asset firms to get national trust bank licensing. The Office of the Comptroller of the Currency has granted another crypto firm a national charter. Per an announcement shared with Cointelegraph today, Washington-based institutional crypto custodian Protego is the second crypto-native firm to get national licensing from the OCC.  The new charter is conditional, and Protego is authorized as a national trust bank rather than a traditional bank, meaning that it will not handle deposits.

Crypto Giant Grayscale Just Bought $38,000,000 in Ethereum on Behalf of Institutional Investors

The digital asset manager Grayscale just bought $38 million worth of Ethereum (ETH) on behalf of its investors.

Institutional Buyers the Likely Suspect Behind Latest Bitcoin Rally; What’s Next?

Bitcoin has seen some turbulent price action throughout the past couple of days, but it has primarily favored bulls The cryptocurrency was able to rally from the lower-$30,000 region to highs of $39,000 before it once again faced some intense selling pressure that sent it reeling lower The benchmark crypto has been able to find […]

Crypto Giant Grayscale Just Bought $38,000,000 in Ethereum on Behalf of Institutional Investors

The digital asset manager Grayscale just bought $38 million worth of Ethereum (ETH) on behalf of its investors.

Bitcoin will likely reach $60K in 2021, says Investing.com analyst

63%of 800 respondents in the UK are planning to buy Bitcoin in 2021, according to a new survey by Investing.com. Bitcoin (BTC) is likely to hit $60,000 in 2021 amid the growing mainstream adoption, according to an analyst at major financial publication Investing.com. Jesse Cohen, a senior financial analyst at Investing.com, predicted that Bitcoin will likely reach a $60,000 level in the first half of 2021. According to Cohen, Bitcoin’s growth in 2021 will be fueled by support from institutional investors combined with the “flush of ultra-cheap money being pumped into the global financial system” by global central banks like the United States’ Federal Reserve: “After a record-breaking year in 2020 that saw it jump more than 300%, Bitcoin looks to stay strong in 2021 as more retail — and big-name institutional buyers — enter the market [...] For those already in, the strategy in place remains to HODL [...] First-time novice investors have found their way into many risk-perceived assets, including Bitcoin.” Cohen’s remarks come in conjunction with a new crypto-related survey by Investing.com, according to which 63% of respondents in the United Kingdom are planning to purchase some Bitcoin in 2021.

Bloomberg's Mike McGlone says BTC could be headed to $50K as gold loses appeal

The Bitcoin-to-gold price ratio could shoot to 100x with the digital asset’s volatility possibly dropping to gold levels by 2024. Bitcoin will continue its bullish push towards $50,000 as investors move funds out of gold and into the digital asset, according to Bloomberg senior commodity strategist Mike McGlone.  By 2024, he believes its volatility could even reach gold levels, driving the price much further. In a report published on Wednesday, McGlone explained that BTC is showing strong support at $30,000, and “increasing institutional adoption and the potential for the benchmark to become a global reserve asset” could drive the price to $50,000 or higher. The report cited evidence of funds moving to Bitcoin from gold, highlighting accelerating flows into Grayscale Bitcoin Trust (GBTC) and decline in total known ETF holdings of gold.

NYDIG Expects to Hold $25B in Bitcoin for Institutional Clients This Year

CEO Stevens said NYDIG's institutional order books are looking bullish for the year.

Blockchain Bites: MicroStrategy’s Macro Strategy for Bitcoin Treasuries

Bitcoin is being hoovered up faster than it's mined, as Guggenheim predicts increased institutional inflows and Ruffer takes profits.

Late on crypto? Institutions still at early stage of Bitcoin adoption

Institutional investors are rushing to acquire and add Bitcoin to their portfolio — but is it too late? Institutional investors are seen to be rushing toward Bitcoin (BTC) at high speed, with more companies emerging that look to adopt Bitcoin as a way to store their reserves.

Visa to Pilot Crypto API Enabling Institutions and Banks to Buy Bitcoin This Year

Visa has teamed up with a digital neobank First Boulevard to pilot a crypto API to allow institutional clients and partners to buy, custody, and trade bitcoin and other cryptocurrencies.

Ethereum Gathers Momentum as Grayscale Picks Up $38 Million in ETH

In a single day, Ethereum broke its all-time high, saw a record in open interest, and attracted a big amount of institutional capital.

Guggenheim CIO Says Bitcoin Could Eventually Climb to $600,000

While bitcoin has potential to support a huge valuation long-term, currently there isn't enough institutional involvement, Said Scott Minerd.

US Bitcoin exchange traffic explodes as analyst says flows hint at new BTC bull run

With Coinbase firmly within the top 500 US websites by popularity, it seems that all publicity is good publicity as mainstream consumers come on board. Bitcoin (BTC) exchanges in the United States are seeing unprecedented popularity as a wave of adoption sweeps the market.  Data from statistics resources Alexa and Similarweb shows that major exchange Coinbase now ranks within the top 1,000 most popular websites around the world. Coinbase in top 400 US sites As BTC/USD circles all-time highs, its run to $42,000 in January appears to have sparked a tsunami of new user engagement with some of the most popular cryptocurrency trading platforms. In the US, the focal point of institutional inflows into Bitcoin in recent months, exchanges Gemini, Kraken and Binance US are all part of the top 10,000 global sites.  While Binance just beats Coinbase in terms of worldwide visits, the latter reigns supreme among its domestic market, ranking 386th among US internet users.

Asset Manager Values Bitcoin at $500K, Expects BTC to Be Worth More Than Gold, Sees Massive Institutional Interest

One River Asset Management’s CEO says his firm now holds bitcoin worth “well over” $1 billion.