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Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil, and precious metals.
Also Read: US Copyright Office Responds to Craig Wright’s Bitcoin Registrations
The first quarter of 2019 was bullish for the digital asset management firm Grayscale Investments and the company is gearing up to have another run.
According to a first quarter “Digital Asset Investment Report” from the company, published on May 13, 2019, product inflows from Grayscale Investments grew by 42 percent over Q4 2018. The company revealed that its Bitcoin Investment Trust (BIT) saw the vast majority of investments in the quarter, as the trust secured an average weekly investment of $ 3.2 million out of the firm’s total weekly investment count of $ 3.3 million — leaving non-bitcoin investment products driving less than $ 1 million in average weekly investments.
A new study reveals surging investments in cryptocurrencies by institutional investors, with almost half of them viewing crypto assets as having a place in their portfolios. “Institutional investors are overwhelmingly favorable about the appealing characteristics of digital assets,” Fidelity Investments described.
Also read: Indian Supreme Court Postpones Crypto Case at Government’s Request
Fidelity Investments released the results of its new survey and study on institutional investors’ crypto asset investment strategies on Thursday. Noting a significant rise in interest among intermediaries and institutions, the company wrote:
The post A conversation with Jamie Burke, CEO & founder of Outlier Ventures, on state of blockchain investments, Big Tech’s future & way to build next Internet appeared first on CoinReport.
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Startups based in Switzerland have attracted a record amount of venture capital in 2018 and companies from the cryptocurrency industry have contributed to the notable increase. Zug, which is home to the country’s Crypto Valley, is among the cantons with the highest growth in investment volume, a new report reveals.
Also read: Crypto Mining Could Bring Russia $ 1B in Taxes, Report Suggests
Game company investments, into market leaders like Epic Games, doubled an already record figure for gaming investments in 2017. Epic Games, developer of Fortnite – the world’s most popular videogame – saw the greatest single investment in 2018 of $ 1.25 billion. Epic Games $ 1.25 Billion Funding Round is the Largest non-IPO Gaming Investment Ever A first-quarter 2019 report from Digi-Capital, as reported by VentureBeat confirmed the latest industry statistics. Gaming investments reached $ 5.7 billion in 2018. Double the record figure for 2017. Epic Games, riding on the global success of online-game Fortnite, led by raising $ 1.25 billion from investors. Epic’s huge
Increasingly frequent action taken by the SEC against initial coin offerings is expected to lead to more cryptocurrency projects being forced to refund investors. Among those expected to be affected is the first U.S.-based cryptocurrency investment firm, Pantera Capital, with the company bracing to receive refunds on a quarter of its ICO investments.
Also Read: BTI Claims Only Two of Top 25 Crypto Exchanges Accurately Report Volume
As initial coin offerings (ICOs) begin to face increasing regulatory scrutiny, blockchain and cryptocurrency startups are beginning to turn towards more traditional forms of funding. According to a recent report by Outlier Ventures, the total year over year growth of venture capital investments in the cryptocurrency industry surged a whopping 316% to $ 2.85 billion through […]
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The post Gorgona.io- The New Odyssey in Crypto Investments appeared first on CCN
In a space full of worthless altcoins, Lisk (LSK) continues to remain one of the most promising crypto investments. Correction hit it hard, as the cryptocurrency almost came close to $ 1 from its all time high near $ 50. Very few altcoins with promising fundamentals can yield similar returns as Lisk (LSK). Even if it rises back to $ 50 from here, that is a 16x return! Given the future potential of Lisk (LSK) it is very unlikely that it will stop at $ 50.
Continue reading Lisk (LSK) Remains One of The Most Promising Crypto Investments at Crypto Daily™.
Financial services giant Fidelity Investments recently detailed plans to pursue blockchain and cryptocurrency-related services, with a goal to release a product as soon as this year. During an event at the company’s Boston headquarters last Friday, Fidelity CEO Abigail Johnson specified, “We’ve got a few things underway, a few things that are partially done but […]
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Wall Street is realizing the power of crypto. Fidelity Investments CEO Abigail Johnson announced on Friday that the fourth-largest asset management firm in the world with $ 2.5 trillion in assets under management plans to roll out cryptocurrency and blockchain products and services by end of 2018.
“We’ve got a few things underway, a few things that are partially done … We hope to have some things to announce by the end of the year,” said Johnson at Boston Fintech Week 2018.
Fidelity Investments CEO Abigail Johnson has revealed that the company is working on a number of cryptocurrency and blockchain-related products and offerings, with their release tentatively fixed for sometime before the end of the year. Speaking on Friday at the Boston Fintech Week conference, Johnson declined to go into any specifics regarding what exactly Fidelity … Continued
The post Fidelity Investments Aims to Release Crypto Products by Year End appeared first on CCN
Due to stagnation on the ICO market and doubts around the existing investment model, investors prefer to abstain from major moves while waiting for a more favorable climate in the industry. The previous investment boom led to the collapse of the ICO bubble with Venture Capital traditions wrongly projected on the emerging ICO market. Ivan Aleksandrov, the CEO of Memorandum Capital, an investment company focused on ICOs and investing in blockchain-based assets, outlines the most problematic aspects of the existential crisis of the industry and makes predictions about further trends on the market based on his significant professional experience and personal observations.
Grayscale Investments, a crypto-focused investment fund, published its monthly holdings update this week, showing roughly $ 1.497 billion AUM, which is down slightly from the over $ 1.5 billion held on August 7. 08/30/18 UPDATE: Holdings per share and net assets under management for our investment products$ BTC $ BCH $ ETH $ ETC $ LTC $ XRP $ ZEC pic.twitter.com/OjIaG8209D — Grayscale (@GrayscaleInvest) August […]
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U.S. Rep. Tulsi Gabbard (D-HI) has become the second congressperson to disclose cryptocurrency investments, reporting holdings of both ethereum and litecoin. Virginia Republican Robert Goodlatte became the first lawmaker to disclose cryptocurrency holdings in May. Gabbard reported purchasing between $ 1,000 and $ 15,000 of both ETH and LTC in a financial disclosure report filed with the clerk of
The post U.S. Lawmaker Tulsi Gabbard Discloses Ethereum And Litecoin Investments appeared first on CCN
Asset diversification has long been touted as a critical strategy for wealth building. This method of portfolio management, which traditionally involves a mix of stocks, fixed assets and commodities allows for maximum return at the least amount of risk — an important element for retirement savings.
One company with a strong foothold in this investment space is Equity Trust, a financial services company that allows individual investors to diversify their retirement investment portfolios through asset class options like private equity, precious metals, tax liens and real estate among others. With over $ 25 billion in assets under custody and administration as of the end of 2017, Equity Trust’s self-directed retirement accounts have become a viable option for entrepreneurial investors seeking control over their wealth building activities.
The United States Securities and Exchange Commission (SEC) has postponed its decision on the Direxion Bitcoin exchange-traded fund (ETF) filing until September 2018. The SEC is yet to approve any of the Bitcoin ETF applications it has received despite the sustained clamor from various stakeholders.
Arca Inc., submitted a rule change filing to the SEC in January 2018 seeking approval to list and trade shares of five Direxion BTC ETFs. Direxion Asset Management LLC announced plans to list their Bitcoin ETFs on Intercontinental Exchange Inc’s NYSE Arca pending the approval of the SEC.
Barry Silbert’s Grayscale Investments has released an income report which defies the theory that lower Bitcoin prices mean less cash flowing into cryptocurrency.
In its Digital Asset Investment Report, Grayscale revealed the highest rate of investment in its history — $ 250 million since January.
The rate of investment, especially in Bitcoin, actively increased throughout Q1 and Q2 — despite Bitcoin prices decreasing by over 50 percent during the same period. “As the investment community knows, over the last six months, the digital asset market experienced one of the largest price drawdowns since the inception of Bitcoin in 2009,” the report summarizes, continuing:
