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Banks Reduce Crypto Holdings, Shift to ETPs: Latest Data Shows Trend
Global banks are significantly reducing their direct cryptocurrency holdings and increasingly favoring exchange-traded products (ETPs), according to recent data. The Basel Committee on Banking Supervision (BCBS) reported that banks held €341.5 billion ($368.3 billion) in crypto assets under custody during the second quarter of 2024. However, direct, or ‘spot’ crypto assets now represent less than…
Banks Reduce Crypto Holdings: Shift Towards ETPs Continues
Global banks significantly decreased their direct exposure to cryptocurrencies in the second quarter of 2024, according to data released by the Basel Committee on Banking Supervision (BCBS). While banks held a total of 341.5 billion euros ($368.3 billion) in crypto assets under custody, spot crypto assets now constitute less than 3% of their total holdings. This represents a substantial decline…
Crypto Investing for Advisors: Debunking Common Myths
This week, we’re addressing some common misconceptions about investing in digital assets. We aim to clarify some widespread misunderstandings in the crypto space. Later, our expert provides insights into staking rewards, explaining how they function and why they’re important for blockchain security. Here’s a breakdown of some key myths: Debunking Myths: What Investors Misunderstand About…
Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November
Report Shows Ethereum, Litecoin, Solana ETPs Outperformed Bitcoin Investment Products in November
Cryptocompare, the firm that provides institutional and retail investors with real-time and historical cryptocurrency data, has published the firm’s November 2021 Digital Asset Management Review. The report covers crypto exchange-traded products (ETPs), and recent findings show alternative crypto asset investment products are outperforming Bitcoin ETPs. Ethereum-Based Investment Product Trade…
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Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum The Vienna Stock Exchange and the Singapore Exchange are warming up to cryptocurrency.
