Bitcoin ETF may come to US, but not all crypto investors think it’s needed

The United States Securities and Exchange Commission’s floor is littered with failed crypto fund filings, but this year, following Canada’s lead, the U.S. might actually have an exchange-traded fund that tracks digital assets.  After all, the price of Bitcoin (BTC) is booming, the SEC has a new crypto-savvy chairman, and Canada, which is sometimes viewed as a beta test site by U.S. regulators, debuted a Bitcoin ETF in late February that by most accounts has been stunningly popular. But does a crypto ETF really matter anymore? Clearly, a lot has…

1 in 5 investors at firms that don’t trade in crypto say they are ‘likely’ to in future

A survey carried out by JPMorgan found that one in five institutional investors at firms that don’t currently trade in cryptocurrency believe their companies are likely to do so in future. The survey of more than 3,400 investors representing 1,500 institutions, found that 11% of respondents work at firms that trade or invest in crypto, while 89% do not. Promisingly however, twice as many institutions appear likely to invest into crypto ashan those who have already taken the plunge, signalling institutional money may continue to flow into the markets over…

New York AG accuses Coinseed of defrauding investors

New York State Attorney General Letitia James has sued crypto investment platform Coinseed Inc for allegedly defrauding thousands of investors out of more than $1 million.  According to the Attorney General, Coinseed and its CEO Delgerdalai Davaasambu and former CFO Sukhbat Lkhagvadorj, traded unlawfully, defrauding investors between 2017 and May 2018: “Rather than selling stock, Coinseed sold digital tokens to raise funds to support the growth of its business. Defendants represented to investors that money raised in the ICO would be used to ‘accelerate [Coinseed’s] growth and global expansion.’” The…

Bitwise Launches DeFi Index Fund For Accredited Investors

Key Takeaways Accredited investors can buy shares of the new DeFi Index Fund launched by Bitwise. The fund consists of nine DeFi tokens and will be rebalanced on a monthly basis. Investors need to invest a minimum of $25,000. Share this article Bitwise has announced the launch of a DeFi Index Fund. Institutional investors can now participate in this fund and gain exposure to many bluechip DeFi tokens. Institutions Can Invest in DeFi via Bitwise’s New Crypto Index Fund The new Bitwise fund consists of nine DeFi tokens, namely AAVE,…

Bitcoin miners are hodling while long-term investors take profits

On-chain analytics provider, Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits. Despite January seeing heavy selling from miners, Glassnode’s report shows that miner outflows have dried up during February so far. Chart – Glassnode.com The report asserts that miners and longer-term investors are the two principal sellers of Bitcoin during bull markets. According to Glassnode, declining miner outflows can be inferred as bullish, with miners either having already covered their costs of operation or stockpiling coins in response to Tesla’s $1.5 billion…

Crypto investors should consider buying gold, Newcrest Mining CEO says

Sandeep Biswas, managing director and CEO at Newcrest Mining, believes crypto investors should consider buying some gold to protect themselves against highly unstable prices of cryptos like Bitcoin (BTC). “If you’re into cryptos, you want to consider having some gold,” Biswas said on Bloomberg TV Thursday, stressing that gold is less volatile than crypto. The exec emphasized that gold is a different class of investment. “It’s a tangible asset: you can see it, you can touch it, you can feel it, you can mold it, you can make it into…

Whales profit as high Ethereum gas fees sideline retail DeFi investors

Since early 2020 the decentralized finance sector has been recieved a lot of attention due to its cutting-edge innovation and the lucrative high yield opportunities offered to cryptocurrency holders.  Despite these features, this week’s record-high gas fees show that the sector is still having growing pains and the absence of a suitable layer 2 solution could be pushing smaller investors away from DeFi. Investors attempting to place a trade on Uniswap or simply approve a new token on their favorite DeFi platform will have noticed the dent these actions have…

wNews: Ethereum Hits All-Time High, Shutting Out Retail DeFi Investors

Key Takeaways Ethereum’s new highs pulled the rest of the DeFi space with it, but gas fees may hamper future growth. Bitcoin has traded sideways since hitting all-time highs last month, giving space for an alt season among various DeFi tokens. NFTs are back on the rise with Hashmasks taking center stage. Thankfully, an NFT index has just launched capturing several popular projects in one token. Share this article This week’s edition of wNews dives into why Ethereum and DeFi are currently surging. More importantly, though, the space was again…

Why investors say it’s still undervalued

SUSHI, the native token of SushiSwap, rallied by 73% in the past four days. However, some investors believe the DeFi token may still have a lot more room to run. SushiSwap is an automated market maker (AMM) that allows users to trade cryptocurrencies in a decentralized manner on the Ethereum blockchain. SUSHI/USDT 15-minute price chart (Binance). Source: TradingView.com Why is SUSHI undervalued at $2 billion? The market cap of SUSHI achieved $2 billion as its price surpassed $16. But, there are three key reasons why it could still be undervalued.…