The U.S. Southern District Courtβs ruling in partial favor of payments network Ripple represents a landmark win for the crypto industry and provides clarity as to what does and doesnβt represent a security, banking giant J.P. Morgan wrote in a research note Friday.
PBN Research
Crypto Demand from Gold Investors
The CEO of $8.5 trillion asset manager BlackRock (BLK) said "more and more" gold investors have been asking about the role of crypto over the last five years, highlighting the role exchange-traded funds (ETFs) have had in democratizing access to gold, as they could do in crypto.
"If you look at the value of our dollar, how it depreciated in the last two months and how much it appreciated over the last five years ... an international crypto product can really transcend that,"
Europe BTC ETF
https://bitcoinist.com/europes-first-bitcoin-etf-set-to-begin-trading/
Bitcoin ETFs have been making waves in the United States since the first ETF was approved by the Securities and Exchange Commission (SEC) in 2021. However, across the pond, these digital assets exchange-traded funds have not had much luck. That is, until now, when the first Bitcoin ETF is set to start trading in Europe, two years after the first BTC ETF started trading in the United States.
Report Shows Positive Outlook from Hedge Funds
According to the report, crypto-native hedge funds are actively working towards rebuilding confidence and ensuring their needs are heard.
An overwhelming majority of these funds (93%) expect the market cap to rise over the course of the year.