ETF

US Bank Launches Cryptocurrency Custody Services Amid Strong Demand From Institutional Clients

US Bank has launched its cryptocurrency custody services. “Investor interest in cryptocurrency and demand from our fund services clients have grown strongly over the last few years,” the bank said. US Bank’s Crypto Custody Services Now Live U.S. Bank announced Tuesday that its cryptocurrency custody services are now live and available to its Global Fund Services clients. U.S. Bancorp, with nearly 70,000 employees and $559 billion in assets as of June 30, is the parent company of U.S. Bank, the fifth-largest bank in the country. The Minneapolis-based company serves millions

Bitcoin worth surge to $49K prompts a number of altcoins to hit new all-time highs

On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) worth above the $49,000 degree, a transfer that prompted many merchants on crypto Twitter to name for the top-ranked digital asset to knock down the psychological resistance at $50,000. Data from Cointelegraph Markets Pro and TradingView exhibits that after trading in a spread with an higher restrict close to $48,200 for a number of days, bulls managed to interrupt larger and climb to an intraday excessive at $49,242, capping a 20% rally since trading at a low of

Mike Novogratz Has Big Bitcoin Plans Despite Recent String of Losses

Despite a string of heavy financial losses, Mike Novogratz – the head of Galaxy Digital Holdings Ltd – is remaining positive about bitcoin and the growing digital finance space. Mike Novogratz Is Looking to Start a Bitcoin ETF In a recent interview, Novogratz has revealed that his company has applied with the Securities and Exchange Commission (SEC) to begin a bitcoin-based exchange-traded fund (ETF), which has arguably been the object of many crypto companies’ affection over the past four years. While no company has ever come close to getting a

‘Wolf of All Streets’ Trader Expects Bitcoin to Surpass $100K Within 6 to 12 Months

Crypto trader and investor Scott Melker, also known as “The Wolf of All Streets,” expects the price of bitcoin to hit new all-time highs by the end of the year. “I would not be surprised at all to see bitcoin trading in six figures within the next six to 12 months, or ethereum even pushing towards $10,000 in that time,” he said. The trader also sees the Senate’s $1.2 trillion infrastructure bill as the biggest advertisement in history for bitcoin. ‘Wolf of All Streets’ Trader Sees Many Upsides to Bitcoin

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now”

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now” Guest: George Davis serves as CEO and is responsible for setting the firm’s strategic direction. Mr. Davis also serves as a portfolio manager on the Large Cap Fundamental Value and Large Cap Diversified Value portfolios. Date Recorded: 7/21/2021     |     Run-Time: 49:27 Summary: In today’s episode, we’re talking long term value investing. We start with George’s investment philosophy and then walk through how he views the market today, seeing value in both financials and energy stocks. We talk

Bambu’s acquisition takes it into new wealthtech turf

Bambu, a Singapore-based robo-advisor wealthtech company, announced the acquisition of a Dubai-based fintech called TradeSocio on July 13. The move sets Bambu on a path to better service advisory-led wealth markets such as the U.S. – and sets it up for a planned Series C funding round. Ned Philips, CEO and co-founder at Bambu, says the company wants to close on a new $25 million raise in the fourth quarter this year. Its lead investors are Franklin Templeton (also a client) and Chicago-based Peak6 Investments. Bambu has raised a total

FTX Exchange: a Guide to FTT

A lot of people enter the cryptocurrency space looking for ways to expand the ability of their idle assets to generate further profit. This exact same motivation has moved people to entertain the option of participating in derivatives exchanges today. FTX is one of these projects providing that service. Right now, FTX shows a promising future with the backing of a lot of crypto and trading personalities and consistently high daily trading volume. FTX is a novel addition to the derivatives exchanges space and is still unavailable to traders in

Stocks and Digital Assets Recover from Recent Pullback

Don’t you just love these markets? The Nasdaq Composite is down about 10% from her peak last week. The dip on ether is more like 30% from tip to trough.Further down the ladder we have DeFi, which is a world that exists under Ethereum within the sphere of FinTech, a subset of technology that hasn’t really penetrated the NASDAQ too much to date. The total amount of money currently deployed in DeFi contracts almost hit $10 billion at the beginning of the month, before the slide. What’s most awesome about

Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum

The Vienna Stock Exchange, or Wiener Börse, has become just the third “official regulated market” worldwide to list a Bitcoin (BTC) product. The exchange listed 21 Shares AG’s Bitcoin and Ethereum (ETH) exchange-traded products (ETPs), ‘ABTC’ and ‘AETH’, on September 1.Exciting news today, our #Bitcoin and #Ethereum ETPs — ABTC and AETH are the first crypto-centric ETPs admitted on @wiener_boerse, the Vienna Stock Exchange, one of the most established exchanges in Central, Eastern, and Southeastern Europe! https://t.co/jX3UOnsytA— 21Shares (@21Shares_) September 1, 2020Thomas Rainer, Wiener Börse’s head of development, emphasized that