Institutional managers hold a record $72.3B of crypto — CoinShares

Bitcoin and the broader cryptocurrency market are bullish again; institutional investors have increased their allocation accordingly. Institutional inflows into cryptocurrency products rose last week, as investment managers increased their exposure to Bitcoin (BTC) and leading altcoins, according to the latest CoinShares report.  Total assets held by institutional managers reached $72.3 Read more…

Grayscale confirms Bitcoin ETF plans and adds exposure to Zcash, Stellar Lumens and Horizen to its trusts

Grayscale said it would proceed “once there’s official and verifiable evidence of the SEC’s comfort with the underlying Bitcoin market.” Institutional asset manager Grayscale has announced it will be converting its GBTC Trust into an exchange-traded fund (ETF) once the United States Securities and Exchange Commission (SEC) has “comfort” with Read more…

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