Osprey Fund, a digital asset investing solutions provider, has started offering retail investors access to its Bitcoin Trust. A press release disclosed this news on February 16, noting that the Osprey Bitcoin Trust (OBTC) is now publicly tradeable via the firm’s over-the-counter (OTC) desk. Through this move, Osprey has granted all US investors access to […]
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BlockFi’s annual fee falls 0.25% below what industry leader Grayscale Bitcoin Trust (GBTC) charges investors as BlockFi aims to compete with GBTC for the top spot.
BlockFi, the crypto lender and financial services firm, announced on February 9 it has launched a Bitcoin trust managed by BlockFi Management LLC, a wholly-owned subsidiary of BlockFi.
BlockFi Management LLC as a sponsor will charge a fee of 1.75% and BTC held in BlockFi’s trust will be custodied by Fidelity Digital Assets Services LLC via an enterprise-grade custody solution purpose-built for institutional investments.
According to the announcement, the company Grant Thornton LLP will be the BlockFi Bitcoin Trust’s financial auditor with Davis Polk & Wardwell LLP set to be the legal counsel to BlockFi in connection with the Trust. The crypto lending firm will also use Coin Metrics Inc. in providing index and pricing data.
The list includes several household names including Coinbase, PayPal, Square, and Walmart.
It includes 21 new additions this year.
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Forbes has published its Blockchain 50 list, outlining some of the most notable blockchain companies in operation today.
Who Is On the List?
The list includes several notable crypto exchanges, such as Binance and Coinbase, alongside derivatives exchanges such as CME Group and the Intercontinental Exchange (via Bakkt).
A number of payments companies are also on the list, including Square (which supports Bitcoin payments and is led by Twitter founder Jack Dorsey), PayPal (which recently added crypto sales) and Visa (which has just announced support for Bitcoin banking).
As Bitcoinâs Price Surges, Affluent Investors Start to Take a Look
Cryptocurrencies, originally a way to conduct business outside the financial system, are increasingly seen as an asset akin to private equity or venture capital.
“They want transparency and they want to be able to plan around it,” Joel Revill, chief executive of Two Ocean Trust, said of wealthy adopters of cryptocurrencies.Credit.Sofia Jaramillo for The New York Times
Published Jan. 29, 2021Updated Jan. 31, 2021
Cryptocurrencies have soared in value. In a decade, theyâve gone from a fringe obsession that allowed coin holders to conduct business outside the financial system to an alternative investment managed as if it were any other investment. It hasnât hurt that the price of a single Bitcoin has gone from zero to over $30,000 in that time.
Home / Bitcoin News Wire / 4 investing heavyweight firms answer the 5 most burning bitcoin questions facing investors as the cryptocurrency sees unprecedented volatility
4 investing heavyweight firms answer the 5 most burning bitcoin questions facing investors as the cryptocurrency sees unprecedented volatility
Barclays, Rathbones, Fidelity Digital Assets and Mirabaud strategists break down 5 key bitcoin investing questions, including if it’s the ‘new gold’.
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