U.S. asset management giant GoldenTree Asset Management, which has $45 billion in assets under management, said it had added Bitcoin, which it described as a leading crypto asset, to its balance sheet.
Wealthfront to Offer Cryptocurrency Investment Service to Customers Through Grayscale
Wealthfront, a California-based investment provider with more than $25 billion in assets under management, said its users can now diversify their portfolios by allocating Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE) funds.
German Institutional Funds Can Now Evaluate 20% of Portfolios with Crypto
Under a new law coming into force next week, some German mutual funds will be able to hold digital assets with a total of 20% of their portfolios. This is described as indicative of the growing demand for the sector from various institutions.
Mastercard's CEO Says Mastercard Should Be in Cryptocurrency Space
Last week, Mastercard's CEO Michael Miebach announced that the company is developing a new venture and a virtual testing platform for central banks to help with new ventures.
Global Cryptocurrency Adoption Has Doubled Since January to 221 Million Users
The report found that the rise of the DeFi movement was a Tesla says the adoption of cryptocurrency by the likes of Visa, Mastercard and Microstrategy, and El Salvador's acceptance of Bitcoin as a legal tender, are important events that help make cryptocurrency even more popular.
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