Fidelity Digital Assets (FDAS) has announced that its Bitcoin Custody Service is now live, offering its service to “a select group of clients.” Fidelity, the multinational financial services firm, with more than two trillion dollars’ worth of assets under its management announced today that its bitcoin custody service has gone live. It has initially been … Continue reading Fidelity: Bitcoin Custody Live, Institutions Coming?
During a recent interview with CNBC, Mike Novogratz argues that bitcoin will become gold. He also says that institutions will enter the market sooner rather than later. However, the market will build slowly and not enter the frenzy that occurred during 2017. Institutions will enter the market and buy bitcoin Bitcoin guru and industry expert … Continue reading Mike Novogratz: Institutions Will Enter the Market After Core Infrastructure Is In Place
For the first time in history, two public pension funds scratch the surface of cryptocurrencies. The pension funds anchor Morgan Creeks crypto-focused venture. Will pension funds invest in cryptocurrencies? Morgan Creek is an asset manager and advisor that mainly focuses on family offices and institutional clients. They have a crypto-focused fund with about $40 million … Continue reading Institutions Started Coming Into Crypto
The recent drop in price of bitcoin has coincided with record volume figures for the bitcoin ETP, launched by Swiss Exchange SIX last month. Institutional Investors are suspected to be behind this as they buy up bitcoin at rock-bottom prices. To the dismay of many, bitcoin has lost almost 50% of its volume over the … Continue reading Tanking Price + Record Volume = Institutions Buying Dip?