Auto Added by WPeMatico

JPMorgan: Inflation Hedge Narrative Propelled Bitcoin’s Price to ATH

Strategists at the financial institution JPMorgan Chase & Co. argued that the reason behind BTC’s all-time high price is not the launch of the ProShares Bitcoin Strategy ETF. Instead, concerns…

Continue ReadingJPMorgan: Inflation Hedge Narrative Propelled Bitcoin’s Price to ATH

$2.2T Asset Manager Pimco Is Starting to Trade in Cryptocurrencies, Said CIO

Pimco – a global investment management firm – recently confirmed that it is slowly increasing its cryptocurrency exposure. Chief Investment Officer Daniel Ivascyn said some of the company’s hedge funds…

Continue Reading$2.2T Asset Manager Pimco Is Starting to Trade in Cryptocurrencies, Said CIO

VanEck Receives SEC Approval: Will Launch Its Bitcoin Futures ETF Next Week

Global investment manager VanEck is set to launch a bitcoin futures exchange-traded fund (ETF) next week, shortly after ProShares got the SEC’s green light to launch the first BTC ETF.…

Continue ReadingVanEck Receives SEC Approval: Will Launch Its Bitcoin Futures ETF Next Week

Digital Currency Group Authorizes the Purchase of $1 Billion Worth of GBTC Shares

Digital Currency Group, the organization behind the world’s largest cryptocurrency asset manager, has decided to enhance its Bitcoin position by authorizing the acquisition of $1 billion more worth of shares…

Continue ReadingDigital Currency Group Authorizes the Purchase of $1 Billion Worth of GBTC Shares