More hedge funds buy Bitcoin ETFs on institutional demand

More hedge funds buy Bitcoin ETFs on institutional demand

Hedge funds, pensions and banks continued to lavish capital into exchange-traded funds that invest directly in Bitcoin, as more traditional investors embrace the asset class that US regulators begrudgingly helped push into the mainstream at the beginning of the year. Among the most well-known buyers that have emerged are hedge funds like Millennium Management, which … Read more

Bitcoin ETF price war is trickling down to crypto custodians

Bitcoin ETF price war is trickling down to crypto custodians

Less than a month after the debut of spot Bitcoin exchange-traded funds, the asset managers offering the investment vehicles appear to be seeking ways to bolster their own profitability. Valkyrie Investments said Thursday that it’s retaining BitGo as a second custodian to help safeguard customer assets. Coinbase currently dominates the custody role for Bitcoin ETFs, … Read more