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 July 26th, 2021:
Fidelity: 70% Of Institutional Investors Want ‘Digital Assets’
Synopsis: A survey from Fidelity Digital Assets has revealed that seven in ten institutional investors from around the world, including advisors, family offices, pensions, hedge funds, and endowments, plan to buy or invest in digital assets within the next five years.
Theme: Institutional Adoption
Our Take: While this survey was conducted during the height of the bull market we strongly believe that very few portfolios will not have some sort of crypto exposure in the years to come.
JPMorgan Opens Crypto Trading To All Clients
Synopsis: JPMorgan has become the first major US bank to provide all wealth-management clients with access to bitcoin and other cryptocurrency funds.
Theme: Cryptocurrency Adoption, Institutional Adoption
Our take: While JPMorgan’s relationship with cryptocurrency has been a roller coaster ride, having one of the world’s largest banks broaden the availability of cryptocurrency to their clients is a good thing for the industry.
BNY Mellon joins State Street in backing Pure Digital
Synopsis: Bank of New York Mellon has joined State Street and a group of banks backing crypto exchange Pure Digital.
Theme: Institutional Adoption
Our take: Every institution is taking a different approach to researching, getting exposure, and investing in digital assets.
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