Experts say that Bitcoin’s attraction for institutional investors may increase correlation, with crypto market hitting $1 trillion this year. As Bitcoin’s correlation with stocks jumps to 2-year high, the currency becomes like everything else on Wall Street.
The bank joins its rival Goldman Sachs and becomes the second major Wall Street firm to launch clearing crypto contracts.
By bringing mature financial technologies to cryptocurrency markets, Blockchain-based startup XTRADE.IO wants to create a platform that will serve as an onramp for institutional investors.
NYSE Arca has recently filed a proposal with the SEC to list two Bitcoin Exchange Traded Funds (ETFs) on its platform.
World’s second largest exchange – Nasdaq Inc – is reportedly planning an entry into the Bitcoin futures space by the second quarter of 2018.
According to bitcoin investor Michael Novogratz Bitcoin could ‘easily’ hit $40,000 by the end of 2018
Bitcoin now surges past the $9700 mark coming close to its targets of $10,000. The overall crypto markets turn bullish with a total cap of over $300 billion.
By offering advanced security measures, the service is expected to encourage big investors, like hedge funds and sovereign wealth funds, to embrace the virtual currency.
Bill Miller, a legendary Investor, mints millions by investing 30% of his total hedge fund assets into Bitcoins.
Bitcoin continues to boom, with at least two digital currency hedge funds appearing every week and total value of all cryptocurrencies growing to more than $170 billion this year.
Boost VC is looking for talented developers aiming to build the next protocols of the internet and entrepreneurs creating the future of decentralized companies.
The Logos Fund,registered with the U.S. Securities and Exchange Commission, will allow avoiding investing into mining by purchasing and managing own hardware.