The Federal Insurance Deposit Corporation (FDIC) is unsealing hundreds of documents that expose how US institutions were instructed to be deprived of crypto-related services. In a new press release, the FDIC – the government agency that insures deposits in US banks – says it is unveiling 175 documents revealing how it supervised banks that participated […]
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Crypto asset manager CoinShares says institutional investors poured billions into digital asset investment vehicles last week following Trump’s executive orders directed at the industry. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment vehicles raked in nearly $2 billion last week alone. “Digital asset investment products saw inflows totaling US$1.9bn last […]
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South Korean regulators reportedly continue to discuss the approval of corporate crypto trading amid the country’s ongoing leadership crisis.
South Korean regulators are moving forward with plans to approve cryptocurrency investment by institutional investors, according to local media reports.
The South Korean Financial Services Commission (FSC) has announced plans to gradually roll out corporate investment in digital assets by allowing the issuance of real-name corporate trading accounts, the local news agency Yonhap reported on Jan. 8.
The regulator reportedly announced the initiative in conjunction with the FSC’s 2025 work plan to focus on financial stability and accelerate innovation.
Leading crypto manager CoinShares says institutional investors poured billions into crypto investment vehicles last year, obliterating previous inflow records. In its latest Digital Asset Fund Flows report, CoinShares says that 2024 saw a new record of over $44 billion in institutional digital asset inflows despite the final trading days of the year posting outflows. “Digital asset […]
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Digital assets manager CoinShares says institutional investors poured a record $3.85 billion into crypto investment vehicles last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a record in net inflows that brought yearly flows to $41 billion last week, also a new record. “Digital asset investment products […]
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Prominent asset manager and exchange-traded fund issuer Wisdom Tree is reportedly filing for an XRP ETF product. According to Eleanor Terret of Fox News, $100 billion asset manager Wisdom Tree has registered for an XRP ETF in the state of Delaware. “NEW: Global ETF provider WisdomTreeFunds has registered in the state of Delaware for an […]
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Bloomberg’s senior ETF analyst Eric Balchunas said that “$1.9 billion is unheard of for day one” as the debut day for options on BlackRock’s spot Bitcoin ETF saw huge volumes.
Options contracts on BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), saw nearly $2 billion in total exposure traded, which could have pushed Bitcoin to its new high of over $94,000.
“Final tally of IBIT’s first day of options is just shy of $1.9 billion in notional exposure traded via 354,000 contracts,” Bloomberg ETF analyst James Seyffart reported on Nov. 20.
“These options were almost certainly part of the move to the new Bitcoin all-time highs today,” he added. Bitcoin (BTC) hit a new peak of $94,105 on Coinbase on Nov. 19, per TradingView.
MicroStrategy acquired an additional 51,780 BTC worth $4.6 billion, boosting its total holdings to 331,200 Bitcoin as BTC prices hit record highs above $92,400.
MicroStrategy, one of the world’s largest public holders of Bitcoin, continued stacking BTC even as the cryptocurrency broke new highs.
On Nov. 18, MicroStrategy announced it purchased 51,780 Bitcoin (BTC) for about $4.6 billion at an average price of $88,627 per BTC.
With the latest acquisition, MicroStrategy’s total Bitcoin holdings have grown to 331,200 BTC, purchased at an aggregate cost of $16.5 billion. The average price per Bitcoin across all purchases is $49,874.
Digital assets manager CoinShares says that institutional investors dropped over two billion dollars into crypto products last week. In its latest Digital Asset Fund Flows report, CoinShares says that institutional crypto investment products saw a surge in inflows to the tune of $2.2 billion on net last week. “Digital asset investment products saw inflows of US$2.2bn last week, […]
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Thailand is shifting focus to a more mature institutional-focused crypto market, according to the chief executive of Binance Thailand.
Thailand’s digital assets market is undergoing a transition from retail to institutional as the country aims to become Southeast Asia’s fintech hub, the CEO of Binance Thailand said.
A recent regulatory move by Thailand’s Securities and Exchange Commission is a “vital step in the maturation of Thailand’s cryptocurrency landscape,” Binance Thailand CEO Nirun Fuwattananukul wrote in an opinion piece for the Bangkok Post on Oct. 25.
On Oct. 9, the Thai securities regulator proposed rules that would allow institutional-grade mutual and private funds to invest in crypto products such as United States-based spot crypto exchange-traded funds (ETFs).
