nomadic_m
08-19
*Crypto Market Update*

The latest 13F filings show significant institutional investment in cryptocurrency assets. Key takeaways:

- *Pension Funds*: Harvard Management Company invested $116.7 mil in $iShares Bitcoin Trust(IBIT)$ , a Bitcoin ETF. Utah Retirement Systems increased its $MicroStrategy(MSTR)$ holdings to $9.56 mil.
- *Wall Street Giants*: Goldman Sachs increased its IBIT holdings to $1.7 bil and invested FBTC and $iShares Ethereum Trust ETF(ETHA)$ . Morgan Stanley increased its IBIT holdings by 59.21% and invested in ARKB.
- *Cryptocurrency Stocks*: $Circle Internet Corp.(CRCL)$ , $Coinbase Global, Inc.(COIN)$ , and Robinhood saw increased holdings by major firms.

This trend suggests a shift towards mainstream acceptance of cryptocurrencies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1