Fidelity, an American asset management company, surveyed 411 institutional investors in the United States, which include: pension funds, family offices, crypto and traditional hedge funds. This survey was conducted to understand the attitude of investors to a new class of assets
22% of institutional investors have added cryptocurrency to their investment portfolio. At the same time, 72% are ready to buy investment products related to cryptocurrencies. While 57% are ready to buy cryptocurrencies directly and as many are prepared to buy an investment product owned by companies that deal with digital assets.
The first major transaction of 3999 BTC was noticed on Thursday, April 25. According to Whale Alert, this transaction took place at 22:43:55 UTC, and in the morning, 13,337 BTC and 1,580 BTC were withdrawn from Bitfinex. In total,18,956 BTC (more than S100 million) were withdrawn in large transactions.
Over the same time, more than 0.5 million ETH, 7.13 million XRP, 1,500 MRK and 5 million USDT were withdrawn from the exchange. According to the data provided by Whale Alert, the total amount withdrawn from the Bitfinex exchange exceeds $ 320 million.
Analysts and experts associate the unusual outflow of funds from the Bitfinex exchange with a lawsuit filed by the New York prosecutor’s office against iFinex Inc., operator of Bitfinex and Tether.
deVere Group surveyed 700 wealthy people who own assets that worth more than £1 million ($ 1.3 million) and reside in the US, UK, Australia, Japan, Qatar, Switzerland, Mexico, Hong Kong, Spain, France, Germany, South Africa or UAE.
68% of the deVere clients surveyed are either already investing in cryptocurrency or are ready to do it by the end of 2022.
“The research shows that wealthy individuals are increasingly seeking exposure to cryptocurrencies,” said Nigel Green, founder and CEO of deVere Group. “There is growing, universal acceptance that cryptocurrencies are the future of money – and the future is now. High net worth individuals are not prepared to miss out on this and are rebalancing their investment portfolios towards these digital assets.”
Bitfinex is in the spotlight. Earlier, The New York Attorney General’s office has alleged that crypto exchange Bitfinex lost $850 million and used Tether’s reserves to cover the losses. According to law enforcement, iFinex Inc, the operator of the trading platform, borrowed at least $700 million to fill the gap without notifying users. There is information, not yet confirmed, about trying to attract $1B to Tether (USDT) through IEO. The exchange is likely to issue its token to attract the required amount.
According to Davi Van, a partner of Primitive Ventures, the information on the upcoming initial exchange offer was confirmed by one of the holders of the BFX securities.
Bakkt Institutional Bitcoin Futures Platform announced the acquisition of Digital Asset Custody Company (DACC) on April 29th. It also disclosed information about the partnership with BNY Mellon, a large American bank.
The acquisition of DACC will significantly accelerate the issue of improving security and scaling.
“We are exploring the possibility of scaling and supporting additional digital assets, and the native support of 13 blockchains and more than 100 assets offered by DACC will give us an important acceleration, ” wrote Adam White, one of the top managers of Coinbase in the past.