Wheelhouse Dev

Wheelhouse Dev

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Following two straight weeks of outflows, cryptocurrency fund inflows are back to December 2020 levels. Inflows resumed last week with $359 million flooding into crypto products, according to data compiled by CoinShares.  Digital investment firm Grayscale, known for the Grayscale Bitcoin […]

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Bitcoin’s relative immaturity and high volatility have historically made it a popular arbitrage trade, but a maturing market and decreased inefficiencies pose a threat to the once profitable practice.  Because each exchange offers its own price for a given cryptocurrency, traders […]

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Crypto enthusiasts are calling for sky-high prices in the coming months, but this rally has some skeptics recalling Bitcoin’s last historic run. The 2017 rally ended with the coin falling nearly 85% in December 2018, but Pantera Capital is certain that […]

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Pantera Capital predicts the largest digital asset will rise more than 200% in the next eight months to reach $115,00 by August 2021, insisting that Bitcoin’s latest run will not end the same way as its 2017 rally.  “The picture for […]

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SkyBridge Capital, the $9.2 billion fund founded by Anthony Scaramucci, poured $310 million into its first bitcoin fund earlier this month, claiming the product will serve as the essential middleman between high-stakes investors and Bitcoin.  Scaramucci encouraged investors to look at […]

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The Grayscale Bitcoin Trust (ticker GBTC) and the Bitwise 10 Crypto Index Fund (ticker BITW) are exchange-traded products that allow investors to trade shares of trusts with large holdings of crypto assets.  With shares priced close enough to the price of […]

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With Bitcoin expected to extend its record 2020 rally, investors want in, putting pressure on registered investment advisors to expand client portfolios into digital assets. But without the approval of a cryptocurrency exchange-traded fund, RIA’s are having a hard time getting […]