Wall Street firms want Ether ETFs more than crypto natives due to the ETF management fees, Bill Qian told Cointelegraph in an exclusive interview.
Wall Street News
Wall Street is a street in a lower Manhattan, New York, that houses crucial financial companies, banks and exchanges. The Wall Street stock market is one of the most famous places of trade and includes the NYSE – the world’s largest stock exchange in terms of market capitalization. The significance of Wall Street and its impact is hard to overestimate, as the most influential financial companies from all over the world are gathered there.
More and more, large trading firms are becoming interested in Bitcoin due to the possibility of earning fast money. It is no wonder that the attitude toward cryptocurrency in the financial community has been becoming warmer due to the rise of interest among prestigious trading and investments companies on Wall Street. By 2018, some companies trading on the NYSE have included Bitcoin into their list of assets. Their involvement might help lessen the volatility of digital currencies, which is now one of the main factors that frightens off individual investors.
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The memecoin project wants to follow in the footsteps of the Wall Street Memes token, but it has allegedly yet to send coins to investors who have already paid.
5030While other spot Bitcoin ETF issuers use pop-culture references and flashy imagery, BlackRock has seemingly taken a more mature approach.
24868Grayscale Investments is reportedly in talks with JPMorgan and Goldman Sachs about being authorized participants for its proposed spot Bitcoin ETF.
5671Wall Street giants will only serve to “vacuum up” Bitcoin and store it in a “metaphorical vault”; if too successful, the number of Bitcoin transactions would dry up, says the BitMEX co-founder.
22446Cryptocurrency analyst Will Clemente believes Coinbase stock will be the viable option for many TradFi investors to choose after Bitcoin.
10496The MicroStrategy co-founder said Bitcoin ETFs could be the biggest thing to happen to traditional finance since the introduction of the S&P 500 index fund.
11115Cantor Fitzgerald has been managing Tether’s now $90 billion Treasury portfolio since late 2021.
2804Veteran investor Stanley Druckenmiller praised Bitcoin for establishing its own “brand” during an interview with hedge fund manager Paul Tudor Jones.
6214Elliptic, the firm which The Wall Street Journal sourced the data from, said it was pleased to see the news outlet acknowledge its mistakes.
8296Several prominent financial institutions have filed for spot Bitcoin products in recent months.
14445The appeals court judge said Robinhood had the right to impose restrictions on meme trade purchases.
23641Crypto doesn’t need BlackRock’s Bitcoin ETF. It undermines the basic tenets of cryptocurrency — from banking the unbanked to reducing global oppression.
5605Are regulators trying to disarm crypto-native companies in order to pave the way for Blackrock to steamroll the industry?
20252With spot Bitcoin ETFs filings helping boost the price of Bitcoin, some suggest the “window to front-run institutional demand is closing.”
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