According to Cointelegraph, Bitwise Chief Investment Officer Matt Hougan said that wealth advisors are adopting Bitcoin ETFs at an unprecedented rate. BlackRock's iShares Bitcoin Trust ETF attracted $1.45 billion in inflows.
Asset managers are also offering diversified exposure to blockchain technology. State Street and Galaxy recently launched three new funds to offer alternative strategies to institutional investors.
Anna Paglia, chief business officer at State Street, said the next step in the market’s evolution is the introduction of actively managed digital asset portfolios.
CleanSpark acquires seven mining farms in Tennessee, USA, increasing computing power by 22%. Bitfarms postpones special meeting in response to Riot's request for board changes.
Standard Chartered has launched custody services for Bitcoin and Ether in the UAE, with plans to expand to more crypto assets.
