Invesco Partners with Mike Novogratz’s Galaxy Digital to Rollout Suite of Crypto ETFs

Investment management firm, Invesco, is preparing to make crypto ETFs available to investors.

One River Digital raises $41M from Goldman Sachs and Coinbase

One River Digital secures the first-ever raise to scale its crypto-focused institutional investment efforts. One River Digital, a cryptocurrency-focused hedge fund offering exposure to Bitcoin (BTC) and Ether (ETH), has closed its first funding round after launching last year.One River Digital president Sebastian Bea confirmed Wednesday that the company had raised $41 million in a Series A financing round from investors, including Goldman Sachs and Coinbase Ventures.Other investors included American diversified global insurer Liberty Mutual Insurance and an alternative investment management firm, Infinity Investment Partners, as One River Digital announced Sept.

Ray Dalio Warns This Is What Governments Will Do to Bitcoin if It Becomes ‘Really Successful’

Billionaire hedge fund titan Ray Dalio is warning investors that governments might employ draconian measures against Bitcoin (BTC) if the leading cryptocurrency becomes “really successful.” Dalio is the founder of one of the world’s largest investment management firms, Bridgewater Associates.

Ark Invest’s Cathie Wood Doubles Down on $500K Bitcoin Prediction, Discusses Crypto Regulation

Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today.

BlackRock CIO Says He Owns Bitcoin Even Though It’s ‘Not a Great Hedge’ – Here’s Why

A top executive at investment management firm BlackRock says he owns Bitcoin (BTC) despite the flagship cryptocurrency’s volatility.

ARK Invest’s Bitcoin Exposure Swells to Staggering 8,659,237 Shares Worth $338,000,000

Investment management firm ARK Invest has racked up more than a quarter of a billion dollars worth of exposure to Bitcoin.

County Treasurer in Illinois accepts crypto donation in reelection bid

The Lake County treasurer plans to HODL the crypto campaign donations in the hopes of a significant price rally for cryptocurrencies. Holly Kim, a treasurer in Lake County, Illinois, has reportedly become the first political candidate in the state to accept crypto campaign donations.According to the Chicago Tribune on Wednesday, Kim recently received a $3 Litecoin (LTC) donation from Mark Tan, founder of T Capital Coin, an investment management outfit based in Lake Forest.The Lake County Treasurer who is up for reelection in 2022 plans to accept Bitcoin (BTC) and many of the popular cryptocurrencies including Ether (ETH), Dogecoin (DOGE), and Dai (DAI).For Kim, accepting crypto donations opens up a “new frontier” for support from tech-savvy people, adding: “It seems to be how people want to give.”Kim, a Democrat is also a crypto enthusiast and has reportedly tried to use her position as a former trustee in Mundelein to encourage cryptocurrency adoption in the village.

Crypto ‘here to stay’ but its role is unclear, Columbia’s Kim Lew says

Columbia University isn't quite ready to jump headling into crypto, but those in charge of its endowment are definitely following the industry's development. Columbia Investment Management Company president and CEO Kim Lew thinks that cryptocurrencies are here to stay. “I think it will have profound effects,” she said in a recent interview, “There are many different avenues that it can go.”Lew explained that people could build many new things within the crypto ecosystem, such as stablecoins and nonfungible tokens.

Galaxy Digital backs $50M funding round for crypto staking outfit Figment

The crypto staking service platform is now worth over $500 million and could be looking to expand staff strength and business operations. Mike Novogratz’s investment management firm Galaxy Digital has reportedly participated in a $50 million funding round for Figment, a crypto staking startup.According to Bloomberg on Monday, Galaxy Digital joined investors like Anchorage and Bonfire Ventures in a Series B funding round led by Senator Investment Group and Liberty City Ventures.The company is now reportedly worth about $500 million following the fresh injection of investment capital.

Multi-Billion Dollar Wealth Manager Neuberger Berman Adds Exposure to Bitcoin, Ethereum

The private investment management firm with $402 billion in assets under management (AUM), Neuberger Berman Group LLC, has revealed the company now has active exposure to cryptocurrencies like bitcoin.

$400B investment manager Neuberger Berman will allow crypto exposure through commodity-focused fund

The firm reported the fund had more than $164 million in assets under management as of July 31, roughly 0.04% of its total AUM. New York-based investment management firm Neuberger Berman has filed for a commodity-focused fund to be able to gain indirect exposure to crypto investments. In a filing with the Securities and Exchange Commission today, the investment firm said its Commodity Strategy Fund would allow investors to have indirect exposure to cryptocurrencies and digital assets through Bitcoin (BTC) and Ether (ETH) futures, as well as Bitcoin trusts and exchange-traded funds.

Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin. The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC).

Vontobel's wealthy clients are interested in crypto, says CEO

The Swiss bank said some of the firm’s clients are allocating part of their portfolios to crypto. Zeno Staub, CEO of Swiss private banking and investment management giant Vontobel, has revealed that some of the company’s wealthy clients have crypto exposure.Speaking to Bloomberg on Tuesday, Staub stated that Vontobel's clients have an interest in cryptocurrencies.According to Staub, blockchain technology will have a profound impact on global finance.

Market Strategist Says Bitcoin’s Best Days Are Ahead, Won’t See Restrictive Fed Policy Anytime Soon

The founder of investment management firm Michael Lee Strategy says that “the best days of bitcoin are definitely ahead of it,” expecting the cryptocurrency to “make all-time new highs.” The strategist further says that it will be a long time “before we see any sort of taper or any sort of restrictive policy from the […]

Cathie Wood’s ARK Invest Adds 450,000 Shares of Grayscale’s Bitcoin Trust

Investment management firm ARK Invest is adding additional exposure to Bitcoin through the Grayscale Bitcoin Trust.

DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop 'pretty substantially'

According to Jeffrey Gundlach, the trading pattern for Bitcoin may suggest a price drop below $30,000. Jeffrey Gundlach, the CEO of investment management firm DoubleLine, implied that Bitcoin could see more favorable activity in the long term than that of the US dollar.In a Wednesday interview on CNBC’s Halftime Report, Gundlach said he believed people would be able to purchase Bitcoin (BTC) for under $23,000 soon given the likelihood of the crypto asset forming a head-and-shoulders trading pattern.

New Bitcoin exposure Index to track equities that perform like BTC

Melanion Bitcoin Exposure Index tracks an equities basket with the highest correlation and revenue exposure to Bitcoin. Institutional investors are looking for ways to participate in the crypto market without going out of the regulated space or mastering the advanced technology behind Bitcoin (BTC), and asset managers are finding alternative solutions to meet the need.Paris-based investment management company Melanion Capital partnered with index platform Bita to launch the Melanion Bitcoin Exposure Index, according to information shared with Cointelegraph.

Arca Debunks 10 Most Popular Crypto Bear Theses

The common digital assets bear market theses don't have "a lot of substance" and are "most likely inaccurate," according to Jeff Dorman, the Chief Investment Officer (CIO) of US-based investment management firm Arca. While many seem convinced that we are now in a bear market, given the drop in prices, as well as in sentiment - "here’s the problem

Cathie Wood's Ark Investment Has Partnered with 21Shares for a Joint Bitcoin ETF

Cathie Wood, a top wall street investor and founder and CEO of ARK Investment management firm, has cooperated with 21Shares to apply for the Bitcoin ETF-Ark21Shares ETF jointly.

VanEck files for a new Bitcoin futures mutual fund with US SEC

VanEck’s new “Bitcoin Strategy Fund” will invest in BTC futures, pooled investment vehicles and exchange-traded products providing exposure to Bitcoin. United States investment management firm VanEck has filed for a new Bitcoin (BTC) futures mutual fund with the Securities and Exchange Commission.According to a prospectus filed Monday, the new “Bitcoin Strategy Fund” will invest in Bitcoin futures contracts as well as pooled investment vehicles and exchange-traded products that provide exposure to Bitcoin.

Here’s why one analyst says Bitcoin will outperform Ethereum in the short term

A potential bounce in the BTC/ETH pair suggests Bitcoin will sprint past Ether in the next market rally. In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term.So believes David Lifshitz, the chief investment officer at ExoAlpha, a Paris-based investment management service, who noted that Bitcoin's upside potential in the near-term is higher than that of Ethereum.

Invesco Plans to Launch Two Crypto-Based ETFs

Invesco, an investment management firm with over $1.5 trillion in AUM, has filed documents seeking approval to launch two cryptocurrency-based ETFs.

Bitcoin ‘of great concern,’ Ireland’s central bank official warns

Cryptocurrency investors should be ready to lose all their holdings, according to Ireland’s central bank financial conduct director. Ireland’s central bank director general for financial conduct is the latest official to point out issues of Bitcoin (BTC) and the cryptocurrency industry following a major market sell-off.The growing popularity of cryptocurrencies like Bitcoin is “of great concern,” the Central Bank of Ireland’s Derville Rowland warned, Bloomberg reports Monday.“Crypto assets are quite a speculative, unregulated investment,” and investors should be “really aware they could lose the whole of that investment,” Rowland stated after crypto markets shed nearly $1 trillion in a matter of days in one of the biggest historic crypto sell-offs.Rowland’s perspective on the crypto is set to contribute to the global regulation of the space as the official will take over as chairwoman of the European Securities and Markets Authority’s investment management standing committee in July.

Ark Invest CEO Says Impossible to Shut Down Bitcoin — Regulators Will Become More Friendly Over Time

The CEO of Ark Investment Management (Ark Invest), Cathie Wood, says regulators cannot shut down bitcoin.

Ark Invest CEO Reaffirms $500K BTC Price Prediction, Says Bitcoin Is in ‘Capitulation Phase’

The CEO of Ark Investment Management (Ark Invest), Cathie Wood, still predicts that the price of bitcoin will be $500K.

Ark Invest Defends Bitcoin's Environmental Impact Following Elon Musk Tweets

Investment management firm Ark Invest has released a research note claiming that Elon Musk’s view on Bitcoin is “misguided.”

Elon Musk’s Concerns Over Bitcoin's Energy Consumption Are Misguided, Says Ark Invest

Ark Investment Management company has commented on Elon Musk’s concerns over Bitcoin mining's impact on the environment.

Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC’s Energy Consumption Are Misguided

Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring to its research using real-world data, the investment firm emphasized that “the impact of bitcoin mining could become a net positive to the environment.” Bitcoin Mining Could Help the Environment […]

SEC Pours Cold Water on Bitcoin Futures Market

In a statement, the SEC’s Division of Investment Management called for investors to exercise caution in the Bitcoin futures market.

Analyst Explains Why Ethereum Is Rallying, Hitting All-Time Highs

Investment management firm Ark Invest has highlighted three reasons why the price of ethereum has been hitting record highs.

Galaxy Digital To Acquire BitGo In a USD 1.2B Deal

Mike Novogratz. Major financial services and investment management firm Galaxy Digital has agreed to acquire crypto services provider BitGo. "The acquisition will position Galaxy Digital as a leading global full-service platform for institutions seeking access to the crypto economy, offering an unparalleled breadth of industry-leading products and services at

Marlton Applauds Decision to Increase Digital Currency Group’s Authorized Purchase of GBTC Shares for $750 Million 

Investment management firm, Marlton, has applauded the recent decision to authorize the purchase by Digital Currency Group (DCG) of up to a total of $750 million worth of shares of Grayscale Bitcoin Trust (GBTC).

Crypto Ecosystem Matures, But There Are Fewer New Entrants

The growth of business models outside crypto exchanges demonstrates the maturation of the crypto market’s infrastructure, while a noticeable decline in pre-seed deals shows a lack of new entrepreneurial entrants to the cryptospace, according to Mike Novogratz-led crypto-focused financial services and investment management firm Galaxy Digital. Alex Thorn, the company’s

Bitcoin 'Fake-Selloff' Was Driven by Dealers With Short Inventory - Arca

What we saw last week in the crypto market wasn't actually a selloff, but the price being artificially driven down by dealers with short inventory, according to Jeff Dorman, the Chief Investment Officer (CIO) of US-based investment management firm Arca.

Cathie Wood’s ARK Invest Purchased Coinbase Stock on Its First Day of Trading

Ark Investment management LLC, led by widely popular portfolio manager Cathie Wood, purchased $246 million worth of Coinbase stock on April 14, the first day when the US crypto exchange was listed on Nasdaq stock market.

Another Hedge Fund Gets Crypto Exposure via Grayscale’s GBTC

Millennium, the US-based alternative investment management firm, has become the latest hedge fund to get exposed to cryptocurrencies via Grayscale Investments’ bitcoin trust.

SEC likely to approve Bitcoin ETF in 1-2 years, says analyst

"We think we're likely to see one in the coming year or two, but we don't have a firm timeframe as to when the answer would be yes," said Todd Rosenbluth. According to an analyst at CFRA Research, VanEck, Fidelity Investments, and Valkyrie Digital Assets may not see their Bitcoin exchange-traded funds, or ETFs, approved by US regulators for up to two years. In an interview on CNBC’s ETF Edge Monday, Todd Rosenbluth, head of ETF and mutual fund research at CFRA, told host Bob Pisani that he believed the US Securities and Exchange Commission, or SEC, would extend the timeline for considering the Bitcoin ETF first pitched by investment management firm VanEck in January.

Next up, Bitcoin ETF by Fidelity: Crypto funds batting .000 against SEC

The SEC is pitching a shutout against Bitcoin-based ETFs, and not even Fidelity’s storied name may be enough to overcome the obstacles. With more than 35 million customers, $21 billion in revenues and $3.8 trillion in discretionary managed assets, Fidelity Investments is one of the largest investment management companies in the world.

World Largest Asset Manager BlackRock Reveals $360K Bitcoin Gains Through CME Futures

US multinational investment management giant, BlackRock, had made its first BTC steps by acquiring futures contracts through the Chicago Mercantile Exchange. 

Don’t Transact With Bitcoin Until Changes are Made to Tax Code: Ark Investment Founder

The founder of Ark Investment Management, Cathie Wood, advised people against transacting with their BTC until further clarity comes on tax regulations.

Bitcoin demand from Goldman Sachs clients 'is rising,' says COO

John Waldron said the investment management firm would “continue to evaluate” and “engage on” crypto for customers. US banking giant Goldman Sachs recently decided to restart its cryptocurrency trading desk.

Galaxy Digital Bitcoin ETF to launch this week as exec eyes 'compelling opportunities'

The latest Bitcoin ETF to hit the market comes as the United States is yet to approve any homegrown competitors. Bitcoin (BTC) exchange-traded funds (ETFs) continue to multiply as a new entrant hits the Canadian market on March 9. In a press release on Monday, Galaxy Digital Capital Management, a subsidiary of financial services and investment management company Galaxy Digital, confirmed that the CI Galaxy Bitcoin ETF would likely start trading this week. Purpose ETF gets major competitor The launch will see Galaxy join the TSX Purpose Bitcoin ETF as one of the pioneering ETF products in North America, with United States regulators yet to approve a single application.

Stone Ridge’s Open-End Mutual Fund to Invest in Bitcoin — SEC Filing Opens the Door for Other Mutual Funds to Add BTC

Asset management firm Stone Ridge has filed with the US Securities and Exchange Commission (SEC) for its open-end mutual fund to invest in bitcoin.

Gold Bull Jeffrey Gundlach Says ‘BTC Maybe the Stimulus Asset’ Ahead of the Precious Metal

Renowned gold bull and CEO of investment management firm Doubleline, Jeffrey Gundlach says bitcoin may be the “stimulus asset” while adding it “doesn’t look like gold is.” Gundlach, a self-professed long-term dollar bear, had preceded his comments about bitcoin by remarking that “lots of liquid poured into a funnel creates a torrent.” BTC Outperforming Gold […]

$8.7 Trillion Asset Titan BlackRock Has Officially Entered Bitcoin Market

Investment management giant BlackRock is the latest major financial player to venture into the Bitcoin market.

Bitcoin ETF approval more likely under new SEC leadership, says Ark Invest CEO

"I think the probability of an ETF has gone up," said Cathie Wood Ark Investment Management founder and CEO Cathie Wood said the likelihood that US regulators will approve a Bitcoin exchange-traded fund has gone up under the Biden administration. In an interview with CNBC’s Bob Pisani today, Wood said there were two signs that the Securities and Exchange Commission might be more open to greenlighting a Bitcoin (BTC) exchange-traded fund, or ETF.

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%.

Tesla's $1.5B Bitcoin purchase leaves treasury experts scratching heads

Some treasury experts are finding it difficult to understand why Tesla recently bought $1.5 billion worth of Bitcoin — the best performing asset of the last decade. Corporate treasury commentators are criticizing Tesla's $1.5 billion Bitcoin splurge, echoing the well-worn rhetoric of BTC’s volatility. Speaking to Financial Times, Jerry Klein, managing director at New York-based investment management firm Treasury Partners said that there was no use case for plowing corporate cash into Bitcoin. Another critic quoted by FT, Campbell Harvey of Duke University in Durham North Carolina, called Tesla’s Bitcoin acquisition “unusual” and “risky” adding that it will not serve as a hedge against market uncertainties. Critics of Tesla’s Bitcoin purchase say the move potentially puts shareholders at risk given the volatility of Bitcoin.

UK investment manager sells off half BTC holdings after $750M win

"The economic environment for Bitcoin right now could not be better," said Duncan MacInnes. United Kingdom-based Ruffer Investment Management has made more than $750 million from its Bitcoin investment in less than two months, but it has decreased the size of its holdings. According to a report from British news outlet The Telegraph, Ruffer saw “immediate fireworks” after investing roughly 2.5% of its assets into Bitcoin (BTC) in November 2020, resulting in millions of dollars in gains as the price of the crypto asset rose past $20,000 and on to a new all-time high of more than $42,000 in January.

Ark Investment Study Suggests BTC Value Will Rise by $40,000 if All S&P 500 Companies ‘Allocate 1% of Their Cash to Bitcoin’

According to the findings of a study by Ark Investment Management (AIM), the value of bitcoin can potentially increase by $40,000 if all S&P 500 companies allocate 1% of their cash holdings to the crypto. Sim

$180 Million Bitcoin Investment Fund IPOs on Canadian Stock Exchange

Canadian investment management firm Ninepoint has completed an initial public offering (IPO) of its bitcoin fund on the Toronto stock exchange.

VanEck Seeks SEC Approval To Launch An ETF Tracking Crypto Companies Performance

US investment management company VanEck has filed a document with the SEC to launch an ETF tracking the performance of the top crypto companies.

VanEck files for a 'Digital Asset ETF' with the SEC

According to a filing published today by the United States' Securities and Exchange Commission, New York-based investment management firm VanEck intends to launch a Digital Assets ETF, one that will t The post VanEck files for a 'Digital Asset ETF' with the SEC appeared first on AMBCrypto.

BlackRock Filings Signal the Giant Asset Management Firm Could Start Bitcoin Futures Trading

Blackrock investment management giant has filed documents with the SEC suggesting that the firm is set to dive into the crypto futures trading.

Multibillion Dollar Fund Manager Ruffer Sees Long Trend of Institutional Bitcoin Adoption

British investment management firm Ruffer has revealed that its bitcoin holdings now account for about 3% of its entire portfolio of approximately $29 billion.