Crypto Futures News 

CME Asks CFTC to Double Bitcoin Futures Capacity as Interest Soars

“The Chicago Mercantile Exchange (CME) Group is petitioning United States regulators to allow its clients to double their open Bitcoin futures positions” writes William Suberg for cointelegraph.com. The move comes on the back of constant growth in demand for Bitcoin futures, with CME’s volumes setting new records on a regular basis.CME was one of the first Bitcoin futures operators, launching its product in December 2017.Later in September, Bakkt, the regulated trading ecosystem for institutional investors, will launch physical Bitcoin futures, which pay out returns in BTC instead of fiat currency. Source:…

Read More
Crypto News 

VanEck Now Offering Bitcoin Financial Product for Institutional Investors

“The CEO of investment management firm VanEck Associates, Jan Van Eck, said that the company is now offering a type financial product with exposure to Bitcoin (BTC)” writes Ana Alexandre for cointelegraph.com. In an interview with CNBC on Sept. 11, Van Eck said that the product offered by the firm is a broker-traded fund and is currently not available to the public, but to institutional investors only. Source: cointelegraph.com

Read More
News 

China’s SAFE says it’s loosening foreign investment rules

“China’s State Administration of Foreign Exchange said it’s decided to cancel the investment quota limitations of qualified foreign institutional investors and RMB qualified foreign institutional investors” writes European Markets Editor for marketwatch.com. Foreign institutional investors will still need to go through registration, SAFE said. More than 400 institutional investors from 31 countries and regions have invested in China’s financial markets through these channels, SAFE said. Source: marketwatch.com

Read More
Crypto News 

VanEck, SolidX to Offer Limited Bitcoin ETF for Institutions Via Exemption

“Following another delay on Bitcoin exchange-traded funds (ETFs), asset managers VanEck and SolidX plan to offer a limited version of their Bitcoin ETF to institutional investors” writes Spy Gadget Rentals for cointelegraph.com. VanEck Securities and SolidX Management want to start selling shares in a limited version of a Bitcoin ETF, using a rule that exempts the shares from securities registration, under which shares can be sold only to certain institutional investors, The Wall Street Journal reported on Sept. 3.According to the report, the investment management firms are planning to start…

Read More
Crypto News 

Alan Howard’s Elwood Eying to Launch a $1 Billion Crypto Venture

“Elwood Asset Management, an investment firm owned by British billionaire Alan Howard, is planning to launch a $1 billion venture to invest into crypto hedge funds” writes Arnab Shome for financemagnates.com. In March, Elwood along with investment management firm Invesco launched an exchange-traded fund (ETF) backed by 48 companies with investment in the development of blockchain technology at the London Stock Exchange.Ren also revealed that the Elwood has already shortlisted 50 crypto hedge funds which. according to him, would “probably satisfy [the company’s] due diligence.” The details of the new…

Read More
Crypto Markets News 

Bakkt Readies Bitcoin Custody Launch with All Eyes on Big Investors

“But that could all be about to change starting next week when Bakkt starts storing bitcoin for big investors” reports ccn.com. Now more than ever big investors are looking for a place to park their capital, and bitcoin is offering returns that are like no other asset class in the world.Bakkt for a year now has been viewed as a future catalyst for bitcoin adoption on Wall Street given its regulated nature and physically settled BTC contracts.So investors could just be waiting until the season changes until they come back…

Read More
Markets News 

IS Prime Onboards Claudia Lucas to Institutional Sales Team

“IS Prime, part of the ISAM Capital Markets Group, is a prime of prime business owned by the London-based hedge fund International Standard Asset Management” writes Aziz Abdel-qader for financemagnates.com. Prior to landing at the institutional-client focused broker, Claudia worked at Formax Prime Capital (UK) Ltd as a senior business development executive for nearly 14 months.She joins the company with several years of experience in order to enhance its institutional sales team in Latam and Europe markets, with the group eyeing a broader focus and growth in the region. Source: financemagnates.com

Read More
Markets News Platforms 

Fidelity’s Digital Asset Platform Goes Live With Select Clients

“Fidelity Digital Assets, the digital currency wing of United States financial services giant Fidelity, is now live with a select group of clients, the firm announced on March 8” writes Aaron Wood for cointelegraph.com. Fidelity had previously announced at the end of January that the platform was in its final testing stages of its new digital asset service.According to Jessop, institutional interest in cryptocurrencies has continued to grow in spite of the bear market.Speaking to CNBC this week, Fidelity Digital Assets head Tom Jessop said that the company is now…

Read More
News 

$18 billion hedge fund CQS is targeting America’s largest investors with specialized strategies as part of a US push

“As the hedge fund industry moves towards maturity, it is certainly expected to grow but not at the same torrid pace that we have seen,” he wrote” writes Bradley Saacks for businessinsider.com. With overall industry asset growth slowing, the way hedge funds have been run “doesn’t indicate a growing industry,” he said.CQS, an $18 billion hedge fund manager founded by a billionaire who was knighted by the Queen, named a new CEO, Xavier Rolet, at the end of last year.It shows how the hedge fund game has fundamentally changed.This level…

Read More
Crypto News 

Lack of Insurance in Crypto is Keeping Institutional Capital Away

“However, despite crypto companies having greater access to crypto companies, they still struggle to find exactly what they might need” writes Rachel Mcintosh for financemagnates.com. And indeed, a growing number of insurance companies seem to be slowly creeping towards offering cryptocurrency insurance policies.However, Reuters reported in December of last year that for most crypto companies, obtaining insurance on digital assets is extremely difficult.The result of the insurance companies’ hesitance is that crypto companies that want to truly be fully insured often have to take out multiple policies.Indeed, even though BitGo…

Read More