The latest May report from Eurekahedge With Intelligence reveals that hedge fund managers were down 0.72 per cent in April, outperforming the tech-heavy NASDAQ and S&P 500 by 12.54 per cent and 8.08 per cent respectively.
After a rocky September and the crypto price crash wiping out hundreds of billions of dollars from the entire market, digital currencies quickly bounced back, driving the global crypto market cap to new record highs.
The growth of investment in digital assets could end up damaging traditional investment managers, according to speakers at an online event last week.
Investor sentiment toward digital asset investment products is seeing a turnaround, with bitcoin funds receiving their first weekly inflows in two months.
ProFunds, a provider of a diverse lineup of mutual funds, has launched the Bitcoin Strategy ProFund (BTCFX).
Quality of custodial services is seen as the most ‘significant’ hurdle to institutional investors investing in cryptocurrencies
A new survey of institutional investors and wealth managers from the US, UK, France, Germany, and the UAE who collectively have USD275 billion in assets under management, reveals that 76 per cent describe the concerns about security of digital assets and custodial services as a ‘significant’ hurdle preventing many from investing in cryptoassets for the first time.
Bitstocks has now joined the trade association, CryptoUK, as a community member. CryptoUK is a self-regulatory trade association for the UK cryptocurrency industry, established to promote higher standards of conduct.
Investors are confronting difficult questions over whether cryptocurrency investing is compatible with their ESG considerations, as surging bitcoin prices prompt many managers to consider allocating toward digital assets.
A survey of institutional investors and wealth managers who already engage with bitcoin reveals that 85 per cent plan to increase their investment in the cryptocurrency over the next two years.