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Note: "This analysis is an adaptation of the work of Mati Greenspan, Senior Market Analyst at eToro
- Indicators show that institutional investors are definitely going ahead with cryptographic investments.
- Nasdaq plans to sue Bitcoin Futures despite falling prices
- First Crypto ETP on Swiss Exchange SIX becomes popular as traders go crazy
Institutions turn to cryptos
Comfortable and lucrative entry points and the availability of cryptographic products in which to invest were the good recipes for which institutional money had sought to enter cryptos. With the recent collapse of the markets, prices now seem lucrative enough for institutions to bet on cryptos. There is still very little option or product for an institution to invest money. Understanding this gap Nasdaq Inc. is putting forward a plan to list the future of Bitcoin. The New York stock trader, who, for the first time, was considering Bitcoin's future last year, wants to authorize transactions as of the first quarter of 2019, according to people close to the company. development. It is currently working to address the concerns of the leading US swap regulator, the Commodity Futures Trading Commission, prior to the launch of the contracts.
Another flow of information from Europe that shows signs of intrusion of cryptos into institutions is the popularity of cryptography-based ETP that has just been launched. and who found his entry on the SIX Swiss Exchange. According to data and information from Switzerland, traders seem to have gone crazy Amun Crypto Basket ETP, the world's first crypto ETP. The newly launched ETP Amun Crypto Basket ETP, which began trading on the Six Exchange in Switzerland, has already recorded the highest volume among another exchange-traded product traded on the Swiss stock exchange, SIX. Although the price of the investment product fell by 15% to 12.40 dollars per unit, reflecting the bearish sentiment of the cryptography market in general, its turnover of 425,000 CHF (425,000 USD) per day was enough to beat a number of silver products, crude oil and gold trading on SIX. Given that large volumes are usually associated with investor enthusiasm for a given stock or financial product, one can be sure that institutions are considering introducing this product into the cryptography markets.
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Article name
Expert Opinion: While the market remains gloomy, institutional investors are making their way into Cryptos
The description
The indicators show that institutional investors are definitely going ahead with cryptographic investments.
Nasdaq plans to sue Bitcoin Futures despite falling prices
First Crypto ETP on Swiss Exchange SIX becomes popular as traders go crazy
Author
Mati Greenspan
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Coingape
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The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrency. The author or publication assumes no responsibility for your personal financial loss.
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