Investment

Morgan Stanley invested $269.9 million in Grayscale’s GBTC, as disclosed in their first quarter 13F filing. This makes Morgan Stanley one of the top holders of GBTC, second only to Susquehanna International Group, with a $1.0 billion investment. Morgan Stanley Becomes a Major Player in Bitcoin ETFs The allocations were reported during the first-quarter 13F filing deadline, marking the end of the initial period for investors to buy most spot Bitcoin ETFs. Bitwise CIO Matt Hougan highlighted the importance of…

An unidentified trader who purchased 4.9 trillion PEPE for $3000 has reportedly made $56 million profit, representing a 15,718 fold return on his initial investment.  Analysts have linked the recent surge of Pepe to the GameStop craze, claiming both assets are relatable.  An unknown Trader makes a remarkable achievement as he records an astronomical return of 15,718 times on his initial investment of $3000 on Pepe (PEPE). According to the report, the savvy trader purchased 4.9 trillion PEPE for $3000…

Investment management giant Millennium Management has officially disclosed holdings of nearly $2 billion in spot Bitcoin ETFs, highlighting the growing interest and investment in Bitcoin ETFs by major institutional players. Holdings Breakdown According to the 12F-HR institutional investment manager holdings report filed by Millennium Management with the SEC, the firm owns a combined total of $1,942,591,163 in spot Bitcoin ETFs. This investment constitutes approximately 3% of its $64 billion fund as of the first quarter of this year. Specifically, Millennium…

The post Pine Ridge’s $205M Crypto Investment: FBTC, IBIT, and BITB Lead the Way appeared first on Coinpedia Fintech News Pine Ridge Investors, a New York-based Registered Investment Advisor (RIA), has invested over $205 million in IBIT, BITB, and FBTC, which accounts for 23% of their total assets under management. This move underscores the increasing involvement of traditional financial institutions and RIAs in the crypto markets. FBTC attracted the largest stake, with an investment worth $93.38 million. BlackRock’s IBIT accounted…

Ripple has invested $1 million in the National Fintech Center at Morgan State University to fund education, research and tech advancements as part of the company’s University Blockchain Research Initiative. Morgan State joins over 50 other institutions in 26 countries funded by Ripple to push blockchain innovation and education. Ripple has invested $1 million in the National Fintech Center at Morgan State University as part of its initiative to promote blockchain research and development at leading universities globally. The California…

In the rapidly changing world of cryptocurrency, new players keep appearing to challenge the older ones. In this ever-changing environment, Algotech, as a new player, has notched up huge successes, garnering over $4.6 million in presale fundraising, thereby positioning itself as a worthy adversary to behemoths such as Ripple and Near Protocol.  Ripple and Near Protocols’ Facing Hurdles As Algotech debuts on the market, other well-established players, including Ripple and Near Protocol, are facing their own troubles. The blockchain giant…

XRP holdings by top banking firms have grown and have topped $200 million. The crypto is growing in a lot of ways including through the XRP Ledger and NFT integration. According to reports, XRP, the cryptocurrency associated with Ripple Labs Inc now stands out as a popular investment option. The Basel Committee on Banking Supervision (BCBS) revealed that 19 banks from various jurisdictions across the globe reported crypto exposures of $10.27 billion, with XRP among those taking the lead. This…

With a bit of strategic planning and picking, altcoins have the power to turn modest investments into vast wealth.  The evolving crypto landscape forces established giants such as Bitcoin and Ethereum to share the spotlight with emerging altcoins. Newcomer projects, such as PawFury, are setting new standards in the digital asset landscape.  A New Era for Altcoins The rise in popularity of altcoins is forcing Bitcoin and Ethereum to share investor attention with emerging altcoins. New and dynamic projects such…

Early-stage investment firm Metaplanet announced on Monday that it’s adopting Bitcoin (BTC) as its sole “strategic treasury reserve asset.” This audacious decision signals a growing confidence in the controversial cryptocurrency as a legitimate store of value and hedge against traditional economic woes. Yen Under Pressure, Bitcoin On The Rise Metaplanet’s decision comes amidst a backdrop of sustained economic pressures in Japan. A weakening yen, coupled with high government debt levels and persistently low-interest rates, seems to have pushed the firm…