Bitcoin's Institutional Adoption


 “institutional adoption of crypto is growing rapidly.”

  • Kraken launches institutional arm aiming to cash in on Bitcoin ETFs
  • MicroStrategy a ‘timely play’ on Bitcoin halving, $990 target price: Benchmark


Kraken launches institutional arm aiming to cash in on Bitcoin ETFs

Kraken announced its new institutional brand on Feb. 27 that folds in its existing institutional offerings of spot and over-the-counter trading along with crypto staking — for those outside the United States — and is aiming it toward asset managers, hedge funds and high-net-worth individuals.

Coinbase is the custodian for eight of the 10 newly launched Bitcoin ETFs, leading some analysts to predict strong earnings for the firm in the year ahead.

Kraken Institutional competes directly with Coinbase Institutional and Coinbase Prime, which launched in 2021 to cater for institutional investors.

It also goes up against Binance Institutional, which launched in mid-2022 and offers customized solutions for institutional users such as asset managers, brokers, hedge funds, family offices, liquidity providers and proprietary trading firms.

https://cointelegraph.com/news/kraken-institutional-custody-service-aimed-at-etfs

https://www.kraken.com/institutions


MicroStrategy a ‘timely play’ on Bitcoin halving, $990 target price: Benchmark

MicroStrategy shares are a “buy” with a price target of $990 as the Bitcoin (BTC)-buying software firm is primed for major windfalls from institutional demand and April’s halving event, said investment banker Benchmark.

MicroStrategy (MSTR) offered investors a “timely play” on the upcoming Bitcoin halving. 

The firm’s Bitcoin holdings have swollen to over $11 billion.

“Our price target for MSTR is based on our assumption that the price of Bitcoin will reach $125,000 at the end of 2025.”

... be buoyed by the increased demand for Bitcoin spurred by the new United States spot Bitcoin exchange-traded funds (ETFs).

MicroStrategy employs a “levered operating strategy” — a tactic that utilizes debt financing and share sales to pay for its Bitcoin stores with no added fees — to increase its direct exposure to Bitcoin, something that Palmer believes will work in the firm’s favor assuming a continued gain in the price of Bitcoin.

https://cointelegraph.com/news/microstrategy-a-buy-on-bitcoin-halving-institutional-demand-benchmark


Shares Watch: MicroStrategy, Coinbase, Riot, Marathon Digital

此博客中的热门博文

迈克尔•戴尔与美国学生创业明星座谈笔录

郭春林:思维模式升级

How You Can Survive When The Oil Price & EVERYTHING Increase But Not Your Income!!!