The US Core Consumer Price Index is set to be released today. This release is extremely significant, as it will determine whether the US Federal Reserve will move forward with its rate cut plan or not. Cryptocurrency enthusiasts are eagerly anticipating a rate cut, as it could lead to a…
Spot Ethereum ETFs have gotten off to a rocky start, but drawing direct comparisons to Bitcoin’s much-hyped Wall Street debut isn’t all helpful, according to JP Morgan analysts. After launching July 23, nine investment vehicles for crypto’s second largest coin weathered $476 million in cumulative net outflows through August. Meanwhile,…
As 2024 comes to a close, excitement in the crypto market is reaching a fever pitch. Investors are honing in on five altcoins with the potential for huge profits. Ready to discover which digital assets could turn investors into millionaires? Let’s take a closer look. Toncoin (TON): The Rising Star…
The second quarter of 2024 ended with major United States banks offering institutional exposure to spot Bitcoin exchange-traded funds (ETFs). Numerous second-quarter 13F filings with the U.S. Securities and Exchange Commission revealed that these Wall Street giants acquired substantial shares of different spot Bitcoin ETFs for their clients. In the…
Goldman Sachs (GS) is among the banking giants with certain exposure for its clients in a diverse range of Bitcoin (BTC) exchange-traded funds (ETFs). According to the quarterly report, the investment bank holds positions in 7 out of the 11 available BTC ETFs in the United States. Goldman Sachs Discloses…
Goldman Sachs, one of the biggest banking players, is taking serious moves into the cryptocurrency world. According to their latest filing with the SEC, Goldman Sachs now holds a massive $419 million in various Bitcoin ETFs. Let’s explore their motives and playout behind crypto investments. A Closer Look at Their…
Quick Take Recent research shared by Matthew Sigel, Head of Digital Assets Research at VanEck, J.P. Morgan, highlighted several reasons institutional investors remain optimistic about Bitcoin. The research begins with a positive outlook, stating, “One can find several reasons for institutional investors to remain optimistic.” Firstly, J.P. Morgan points to…
Investment behemoth Morgan Stanley on Friday said it will soon permit its financial advisors to actively promote Bitcoin ETFs to eligible clients, marking the first time a major Wall Street bank has taken such a step. Starting next Wednesday, the firm’s vast network of approximately 15,000 financial advisors will be…
Analysts expect Coinbase’s (COIN) earnings to take a hit in the second-quarter as trading volume slowed down from the prior months. Estimates collected by FactSet predict overall revenue dropped to $1.37 billion while earnings-per-share stood at $0.94. U.S. election shaping up to be an important catalyst for the stock, one…
What seemed impossible just three months ago is now a reality. The launch of the first-ever spot Ethereum exchange-traded funds has begun trading in the U.S. exchanges. Ethereum’s growing influence over traditional finance is evident as its flag symbolically flies over Wall Street, hinting at a significant shift in regulatory…