Institutional Investors and Whales

ForkLog 14 12.01.2021

Glassnode: Bitcoin whales capitalised on a sharp pullback to build positions

Major holders of the first cryptocurrency on January 11 did not give in to panic amid the recent price drop and increased their positions, according to Glassnode.

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ForkLog 23 12.01.2021

Institutions bought more than 1 million BTC, worth about $40 billion at current prices

Last year, institutions bought more than 1 million BTC (5.57% of the cryptocurrency's circulating supply) worth about $40 billion, according to Bitcoin Treasuries.

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ForkLog 28 12.01.2021

Bakkt CEO rules out adding XRP to new products

The Ripple XRP token is not a candidate for future listings on Bakkt's institutional platform for trading Bitcoin derivatives. In the Axios Re podcast, Gavin Michael, the new chief executive, said.

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ForkLog 16 11.01.2021

Opinion: Ethereum to Rise Thanks to Institutional Investors

Ethereum is poised for further growth, as evidenced by interest from institutional clients of custodian Northern Trust, according to Dan Tapiero, founder of DTAP Capital, in the Breakdown episode.

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ForkLog 35 09.01.2021

Coinbase acquires Routefire, an institutional-investor–focused startup

The largest U.S.-based bitcoin exchange Coinbase has acquired Routefire, a service specialising in executing large cryptocurrency trades.

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ForkLog 23 06.01.2021

SkyBridge Capital launches Bitcoin fund with $310 million in assets

SkyBridge Capital has launched a Bitcoin-based fund with $310 million in assets, Reuters reports.

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ForkLog 20 31.12.2020

Bitcoin custodian Xapo to cease operations in the United States

The Xapo custody service will cease serving US clients as of March 1, CoinDesk reports.

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ForkLog 25 30.12.2020

Hong Kong’s GreenPro Capital to Invest $100 Million in Bitcoin

The price of GreenPro Capital stock on NASDAQ rose from $1.27 to $3.09 after the Hong Kong company's announcement of plans to invest $100 million in Bitcoin in 2021.

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ForkLog 19 30.12.2020

SkyBridge Capital’s Bitcoin investment reaches $182 million

The investment firm SkyBridge Capital has invested $182 million in Bitcoin, according to an investor brochure cited by CoinDesk.

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ForkLog 20 29.12.2020

Opinion: Institutional investors push Bitcoin to new highs

Institutional investors are set to push Bitcoin to new highs. This will be aided by a reduction in selling pressure from miners and other major players, according to Ki Young Ju, head of the CryptoQuant analytics service.

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ForkLog 15 28.12.2020

Messari: Institutional investors to flock to Ethereum in 2021

In 2021, institutional investors' preferences will extend to Ethereum. The Chicago Mercantile Exchange's (CME) announcement to launch futures on the second-largest cryptocurrency signals strong demand from major investors, according to Messari analyst Ryan Watkins.

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ForkLog 7 26.12.2020

Binance CEO reports surge in institutional clients

In the third quarter of 2020, Binance's bitcoin exchange reported a 60% increase in corporate clients from the previous period. CEO Changpeng 'CZ' Zhao said. Since the start of the year, institutional investors on the platform grew by 46%, he noted in the article 'Industry Trends and Forecasts for 2021'. Contrary to expectations, the past year did not see a strong rise in the use of Bitcoin and other cryptocurrencies as a means of payment.

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