We find the most important headlines in digital assets for the week and give you our take. This week’s themes were institutional adoption and regulation, here are your headlines for June 21st, 2021:
GOLDMAN SACHS EXPANTS CRYPTO TRADING
Synopsis: Goldman Sachs has expanded their offerings to clients to include Ether options and futures to go along with their Bitcoin offerings.
Theme: Institutional Adoption
Our Take: It’s a great signal that the institutions who have dipped their toes into digital assets have expanded their offerings to their clients.
SEC DELAYS RULING ON BITCOIN ETF AGAIN
Synopsis : The SEC, who has signaled that they may rule on regulations surrounding Crypto ETFs in the past few months, have announced they will not be releasing guidance this year.
Theme: Regulation
Our take: We believe any digital asset ETF will be a positive for the industry as it will allow a wider adoption via more traditional on-ramps for institutions and retail.
HEDGE FUNDS EXPECT ~10% OF THEIR ASSETS TO BE CRYPTO WITHIN FIVE YEARS
Synopsis: Hedge funds plan to ramp up their crypto holdings to more than 7% of assets by 2026, a survey showed.
Theme: Institutional adoption
Our take: Hedge funds love the volatility and opportunity for alpha that digital assets presents. We believe as the market continues to mature this number will be larger.
MANY MORE CALLS FOR REGULATION
Synopsis: Representatives from India, Italy, China, and even Mark Cuban have called for regulation amid a volatile few weeks in the crypto markets.
Theme: Regulation
Our take: The time for regulation is now. We must establish the rules of the road if the market is going to mature.
About Mainbloq
Mainbloq is a data, research, and technology company focusing on blockchain and digital assets. Mainbloq offers a suite of trading tools, including smart order routing and trading algorithms for hedge funds, traders, and some of the world’s largest banks. For more information visit https://mainbloq.io