Goldman Sachs and Morgan Stanley (MS.N) together bought more than $600 million of spot bitcoin exchange-traded funds (ETFs) in the second quarter, regulatory filings showed on Wednesday.
JinseFinanceIn the re-staking space, EigenLayer faces competitive challenges from Symbiotic, a new protocol backed by Lido.
JinseFinanceBitwise's chief information officer called the trend "a historic level of professional investor stockholding."
JinseFinanceAccording to the data disclosed by JPMorgan Chase to the SEC, it did not wait foolishly for the so-called 42k, but increased its holdings of Bitcoin spot ETF early on.
JinseFinanceOne indicator shows that Bitcoin has become more popular than gold in investors' portfolios, as its price continues to reach new highs, according to a report released by JPMorgan Chase on Thursday.
JinseFinanceWith the rapid development of technology and the changing geopolitical landscape, the global financial system is at a crossroads.
JinseFinanceThe bank said that U.S. monetary policy coupled with economic sanctions has forced some countries to look for alternatives to the U.S. dollar, and the growth of stablecoins may have emphasized the need for fiat currencies.
JinseFinanceMorgan Stanley's Ellen Zentner forecasts a series of interest rate cuts by the FED, deviating from market expectations. Beginning in June, the predicted reductions may impact Bitcoin's trajectory, potentially influencing a return to previous highs.
Cheng YuanThe banking giant estimated that El Salvador wouldn’t face any issues with its debt payment for another year, despite the crisis it's facing currently.
CointelegraphMorgan Stanley’s report reads: “Ethereum demand is more closely tied to transactions. Therefore, similar scaling restrictions hurt demand for Ethereum more than it dampens demand for Bitcoin.”
Cointelegraph