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Are retail investment trends impacting institutional investors?

Are retail investment trends impacting institutional investors?
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Dogecoin, NFTs taking centre stage while institutional investors wait in the wings

Michael McKiernan If you needed any evidence that cryptocurrency investments are having a mainstream moment, look no further than last weekend’s episode of  Saturday Night Live. In the week leading up to Tesla co-founder and cryptocurrency enthusiast Elon Musk’s May 8 appearance as host of the long-running comedy sketch show, Dogecoin hit an all-time high of around US$0.73, having never traded above $0.01 before the start of 2021. However, Dogecoin’s value then plunged by around a third in the days after Musk’s SNL appearance, following his description of it as a “hustle.” It’s that kind of volatility that scares off many institutional investors from cryptocurrencies, says Arthur Salzer, the chief executive officer of Markham, Ont.-based Northland Wealth Management. “It’s still a nascent asset class for institutional investors. What’s been built so far is really the plumbing and some on ramps for institutions to be able to invest. Most cryptocurrencies are

Digital Assets Ecosystem Surpasses $1 5T Market Cap, $60B in BTC held by Public Firms, as First Bitcoin ETF to Launch in Canada

Search Digital Assets Ecosystem Surpasses $1.5T Market Cap, $60B in BTC held by Public Firms, as First Bitcoin ETF to Launch in Canada Researchers at Bloqport have confirmed that publicly-traded firms and fund managers now hold approximately $60 billion worth of Bitcoin (BTC), which is around 6% of the digital asset’s circulating supply. Publicly-traded companies and fund managers now hold around $60 billion worth of #Bitcoin, roughly 6% of the circulating supply. PayPal CEO Visa CEO Al Kelly had argued back then that Bitcoin is “speculative” and that they would not be handling BTC transactions. Meanwhile, JPMorgan CEO Jamie Dimon had said that Bitcoin is “a fraud.” But now in 2021, every one of these companies has been “forced to recognize” Bitcoin, Bloqport adds.

Canadian regulator clears world s first bitcoin exchange traded fund launch

Read more about Canadian regulator clears world s first bitcoin exchange traded fund launch on Business Standard. The Ontario Securities Commission has approved the launch of Purpose Bitcoin ETF, Toronto-based asset management company Purpose Investments Inc. said in a statement

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