Nearly 40% expect to invest a portion of it in stocks or Bitcoin. The respondents also showed a preference for Bitcoin over stocks. Saying that Bitcoin could swallow as much as 60% of those investments, Dolan noting, "We calculate it could add as much as 2-3% to Bitcoin's current $1.1 trillion market value.”
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WisdomTree joins Bitcoin ETF race
The exchange-traded fund provider is the fifth firm this year to file for U.S. Securities and Exchange Commission permission to launch a Bitcoin ETF
WisdomTree has joined a competitive race to be the first United States company to launch such a product on the local market. Other contenders include VanEck, which filed on Dec. 30, Valkyrie on Jan. 22, and Bitwise Asset Management and New York Digital Investment Group (NYDIG) in February. Recent rumors say investment bank giant Goldman Sachs could soon join them.
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U.S. ETF firm looks to circumvent SEC restrictions
Simplify Exchange Traded Funds’ proposed ETF would hold up to 15% Grayscale Bitcoin Trust, with the rest being invested in the U.S. stock market
The filing shows how desperate United States financial firms are to launch a Bitcoin ETF despite the SEC’s longstanding opposition, which is based on market volatility, alleged manipulation, and the purported lack of liquidity. A number of straight Bitcoin ETF proposals are pending before the SEC, including projects by Valkyrie, Bitwise, VanEck, and even Goldman Sachs. Appetites have been whetted by the success of Canada’s Purpose Bitcoin ETF, which attracted more than a half billion dollars in its first few days.
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A 222-year-old Hamburg-based bank is jumping into crypto headfirst, starting with custody and looking to tokenize assets (Photo: Pixabay)200-year-old German bank launching crypto services
No fusty old institution, Donner & Reuschel announced that it will start with crypt custody and purchases and hopes to move into asset tokenization
The reason given by the bank for the launch of the new products is simple: high market demand. “We have been observing the digital assets market for quite some time and are convinced of the potential of blockchain technology with regard to classic securities transactions,” said a spokesperson.
