Bullish. Bitcoin’s market cap is a mere $600 billion — A drop in the ocean compared to the $27 trillion held by asset managers that have been 'actively' eyeing the crypto space.
led to a wave of filings for similar products, boosting a narrative that suggests “institutions are coming” for Bitcoin.Demirors however noted that while"the institutions are coming,” it’s still more of a trickle than a wave."We're seeing the bridges being built in real-time," she added.
It should be noted that the $27 trillion figure is an estimation of the total assets under management across the eight institutions and only a tiny portion of this would likely be allocated to crypto investments.Demiror’s sentiment, pointing out that Bitcoin’s market capitalization is less than $600 billion.
“Between HSBC, Blackrock, Fidelity, and Schwab we are talking about $25 trillion in assets under management that will soon be enabled to buy Bitcoin.” Institutional investors are already showing more interest in Bitcoin-related funds. The ProShares Bitcoin Strategy ETF saw its largest weekly inflow for a year pushing AUM over $1 billion, as
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme – Bitcoin NewsA U.K. citizen has been sentenced by а New York court to five years in prison for his role in a Twitter hack and for cryptocurrency theft.
Leer más »
Bitcoin, Ethereum Technical Analysis: BTC Drops Below $31,000, After Becoming Overbought – Market Updates Bitcoin NewsBitcoin fell below $31,000 to start the week, as traders seemingly moved to secure gains, as the cryptocurrency became overbought.
Leer más »
Dormant Bitcoin Wallets From 2010 Resurface: 100 Bitcoins Transferred After More Than 12 Years – Bitcoin NewsTwo bitcoin block rewards from 2010, worth just over $3 million, were spent on Monday, June 26, 2023, after being dormant for more than 12 years.
Leer más »
WSJ News Exclusive | Scammers Target Stores With Bomb Threats, Seeking Bitcoin and Gift CardsLaw-enforcement officials and retailers are investigating a recent wave of bomb threats across the U.S. targeting grocery operators and other stores
Leer más »
Veteran Trader Peter Brandt Labels BTC a Legacy Coin to Outlast 'Make-Believe Cryptos Wannabees' – Featured Bitcoin NewsOne Twitter user Matthew Casterns insisted that proclaiming BTC 'will forever out-value everything' is misguided. breakout bullrun
Leer más »