Assets under management for institutional funds have hit a record high of $59 billion.
Coinshares is teaming up with MintGreen to recycle heat waste from Bitcoin mining.
CoinShares has noted significant outflows from institutional products this past week, signaling some institutions have been realizing profits amid BTC’s recent pull-back.
CoinShares’ CSO says the firm is “starting 2021 off with a bang” by launching a $200 million physically-backed Bitcoin ETP on Switzerland’s SIX exchange.
It joins several other ETP providers on the exchange, including ETC Group, with its own physically backed bitcoin product.
CoinShares has reported “evidence of potential profit taking” among institutional investors, as weekly crypto fund inflows drop 97% in less than one month.
There could now be a career-risk for a portfolio manager to not have Bitcoin in their portfolio — the CoinShares chairman talks Bitcoin sentiment on CNBC
There was a time when Bitcoin seemed to be directly influenced by the daily news cycle.
CoinShares, Nomura Bank and crypto security firm Ledger have formally launched a digital asset custody business targeting institutional investors.