Skip to content

Weekly News Roundup 9.13.2021

Top stories from last week include: Institutional investors continue to explore digital assets, a look at what crypto wallets, and four things that happened in crypto.

This week's top stories

Half of traditional hedge funds considering crypto investments, report finds

Just under half of traditional hedge fund managers are investing or considering investing in cryptocurrencies, a report by the Alternative Investment Management Association (AIMA) has found. The research, conducted in partnership with PWC and Elwood Asset Management, surveyed 39 hedge funds in the first quarter this year with a total of $180 billion in assets under management. It found that 47% of traditional hedge funds have entered or plan to enter the crypto market, with 21% currently investing in digital assets and 26% in the late-stage planning of investing. Of the hedge funds already invested, 86% also intend to deploy more capital into the asset class by the end of this year. The report also found that the total assets under management for crypto-based hedge funds had almost doubled from $2 billion in 2019 to nearly $3.8 billion in 2020. Read More

Crypto wallets: An important battlefront to gain wallet share and mind share

The definition of a crypto wallet should be broadened and applicable to Web 3.0 and the entire decentralized technology industry. Digital wallets are software constructs that mimic physical wallets and provide the functionality of storing, using, and categorizing payment instruments. The journey of digital wallets started with payments and morphed to other forms of stubs such as digital passes, tickets, and boarding passes. However, crypto wallets attempt to redefine the digital wallet landscape as something more than safe storage of payment and crypto instruments. Read More

Why Institutional Investors Are Buying Bitcoin - Again

After taking profits earlier this year, large investors began rebuying bitcoin in May and haven’t quit yet. Many are holding the cryptocurrency as a hedge against inflation. The attention and excitement around bitcoin over the last two years has generated far more questions than answers for institutional investors. Are hedge funds and other large investors really buying significant numbers of bitcoins? What purpose is it serving in their portfolio? Does this young and volatile asset class really deserve a strong place in long-term institutional portfolios? Read More

Opinion: Crypto for Advisors: Why Are Digital Assets Different?

In the journey to decide if you should even learn about digital assets and then how to make the asset class part of your practice, one of the first questions you might ask is what makes them so different. Digital assets, cryptocurrency, decentralized finance (DeFi), non-fungible tokens (NFTs) – they have all been the subject of intense media hype.No doubt you’ve heard of at least a few people who have become wealthy through their investment in digital assets, as well as a few who have lost all or part of their investment. What started with bitcoin has ballooned into a huge array of digital assets, which come with their own technologies, lexicon, risks, and loyal followings. Read More

In other news

 Why investors should consider bitcoin as portfolio insurance

4 things that happened in crypto this week

JPMorgan sounds alarm over ‘frothy’ crypto markets after August boom

SEC boss tells EU Parliament crypto and fintech could be as disruptive ‘as the internet’

Altcoins Continue to Rise While Ethereum and Bitcoin Fall

British Post Office ID App to Sell Bitcoin Vouchers Next Week

SIX receives approval from Swiss regulator to operate digital securities market

Ukraine passes legislation to recognize and regulate crypto

Institutional investors dominated the DeFi scene in Q2: Chainalysis report

 

Connect with Us 3