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Markets Update: Cryptocurrencies Are Still Blood Red

As 2018 nears an end, cryptocurrency prices are dipping once again, having seen significant losses since the start of the year. This Wednesday, Dec. 5, the entire digital asset economy is valued at roughly $120 billion and most of the top 10 coins have lost…

Abra Joins in Crypto’s Hottest Product Trend, Launches Index Token

As cryptocurrency companies seek alternative methods to bring new money into the market, a new trend in crypto products has emerged: cryptocurrency index funds. Popular mobile Bitcoin and cryptocurrency wallet Abra has become the latest to hop on the bandwagon, and has announced a new…

Prominent Investor: The SEC’s Approval Of a Bitcoin ETF Will Change Everything

Despite the dismal performance of crypto assets, this space continues to receive attention from prominent thought leaders in traditional capital markets, making it evident that this industry shows promise and is much more than a well-thought-out fad or trend. “Clearly, Crypto Is Here To Stay” The…

Morgan Creek Launches Digital Asset Index Fund for Institutional Investors

Morgan Creek Digital, an asset management firm backed by multi-billion dollar investment advisor Morgan Creek Capital Management, has announced the launch of the Digital Asset Index Fund in partnership with Bitwise Asset Management. Also Read: The Daily: Chinese Crackdown Continues, ICO Head Faces 15 Years…

BitMEX Maintenance Break Coincides with 6% Market Jump

The ever-declining price of Bitcoin (BTC) unexpectedly surged Tuesday evening, jumping from 6,450 to $6,900 almost instantly. The reason for the sudden spike up seems to be BitMEX maintenance. BitMEX Goes Down, Bitcoin Jumps Up An unexpected change hit the crypto market yesterday evening when…

Crypto Execs Remains Bullish, Even Amidst Bearish Setbacks

The cryptocurrency market has had its fair share of fluctuation in the past year or two, with the price of crypto assets reaching all-time highs, just to crash by over 70% subsequently. While this near-unpredictable price action has irked some shorter-term investors (speculative traders), two…

Bitwise Launches Three New Cryptocurrency Market Index Funds

Why wait for an ETF? Bitwise Index Services, a subsidiary of Bitwise Asset Management, has announced the launch of three new indexes covering the mid-cap, small-cap, and total-market segments of the crypto market, as well as the renaming of its HOLD 10 Index as the…

Bitwise CEO Still Hopeful For New Multi-Faceted Crypto ETF

Despite the disappointing verdict for the proposal of the Winklevoss Twins’ Bitcoin-centric ETF, crypto experts still hope that regulators will begin to change their outlook on this emerging industry. BitWise Enters Crypto ETF Race With A Crypto Index Proposal Last week, Bitwise, a San Francisco-based asset…

Index ETF Tracking 10 Cryptocurrencies Filed With SEC

Bitwise Asset Management has announced its plan to launch “the first publicly-offered cryptocurrency index exchange-traded fund (ETF).” A registration statement has been filed with the U.S. Securities and Exchange Commission. The fund will track the returns of the company’s Hold 10 Index which aims to…

Bitcoin ETF Coming ‘Sooner Rather Than Later,’ Says Bitwise

While the price of Bitcoin continues its downtrend, it’s safe to assume that institutional investors are waiting for the holy grail of all catalysts: a Bitcoin exchange-traded fund. According to one expert, you can see the prized ETF on the horizon — if you squint…