Crypto Is a Nonexistent Asset Class for Most Large Institutional Investors – Featured Bitcoin News
Sponsored
Sponsored
A strategist at world funding financial institution JPMorgan says crypto is successfully nonexistent as an asset class for most massive institutional buyers. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,” he added. JPMorgan on Institutional Crypto Investing JPMorgan Asset Management’s head of institutional portfolio technique, Jared Gross, mentioned crypto and institutional buyers’ curiosity within the asset class on Bloomberg Friday. The senior funding strategist described: As an asset class, crypto is successfully nonexistent for most massive institutional buyers … The volatility is simply too excessive, the dearth of
Bitcoin Magazine Morgan Stanley Plans To Offer Bitcoin And Crypto Trading To E-Trade Clients Bloomberg reports that the Wall Street giant is in the early stages of planning to add spot Bitcoin and crypto trading capabilities to its ETrade brokerage platform. The project aims to allow ETrade’s retail clients to…
Bitcoin Magazine Russia Is Using Bitcoin and Crypto For Its Oil Trades with China and India Amid ongoing sanctions over the war in Ukraine, Russia has turned to bitcoin and other cryptocurrencies to facilitate some of its oil trade with major buyers China and India. According to a Reuters report,…