Today news
About the same in other media
Are Bitcoin Whales Back?
Reading now: 183
investopedia.comBitcoin whales are making a comeback. One River Asset Management, a hedge fund specializing in volatility bets, has amassed substantial holdings and commitments, worth about $1 billion by 2021, in Bitcoin (BTCUSD) and Ether (ETHUSD), according to a report by Bloomberg.
Eric Peters, the firm's founder, told the publication that he intends to set up a «blue-chip fiduciary» for cryptocurrencies targeted at institutional investors. The hedge fund has partnered with Northern Trust Corporation (NTRS), which recently announced a partnership with Standard Chartered PLC (SCBFF), for custody and with San Francisco-based exchange Coinbase for trade execution.
Peters is not the only one building holdings in Bitcoin. One of his investors, London-based
Read more on investopedia.comAbout this in other media
Whales may have helped Bitcoin stay afloat this month ambcrypto.com /3 years ago
Immersive cooling tech could help Bitcoin mining go green by 2030 cointelegraph.com /3 years ago
Bitcoin slips below $60,000 on profit-taking economictimes.indiatimes.com /3 years ago
Show more
The website gocryptonft.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
