U.S. pension fund buys $25 million worth of Bitcoin and Ether
Houston Firefighters’ Retirement Fund buys crypto, BITO reaches $1.1 billion AUM in two days, Paul Tudor Jones says he prefers crypto to gold, Tesla haven't sold or bought any more Bitcoin
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Houston Firefighters’ Retirement Fund buys crypto
BITO reaches $1.1 billion AUM in two days
Fixed-income giant Pimco has ‘dabbled in crypto’
PTJ says he prefers crypto to gold as an inflation hedge
Tesla haven't sold or bought any more Bitcoin
Crypto exchange FTX valued at $25 billion
Grayscale files to convert GBTC into a spot Bitcoin ETF
Houston pension fund buys $25 million worth of Bitcoin and Ether
The Houston Firefighters’ Relief and Retirement Fund, which has over $4 billion of assets, said it invested $25 million in Bitcoin and Ether through NYDIG, a Bitcoin-focused subsidiary of asset manager Stone Ridge.
“It became an asset class we could not ignore anymore,” Ajit Singh, the chief investment officer for fund told Bloomberg.
ProShares Bitcoin Strategy ETF reaches $1.1 billion AUM in just two days
The ProShares Bitcoin Strategy ETF reached $1.1 billion in assets under management in just two days since its launch, the shortest time that any ETF has taken to hit that mark.
The second-ever U.S. Bitcoin futures ETF, the Valkyrie Bitcoin Strategy fund, will also begin trading on the Nasdaq exchange on Friday, a spokesperson for the company said.
Fixed-income giant Pimco has dabbled in cryptocurrencies, plans to invest more
Fixed-income giant Pimco has dabbled in cryptocurrencies and plans to gradually invest more in digital assets that have the potential to disrupt the financial industry, according to chief investment officer Daniel Ivascyn.
”Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental side,” Ivascyn said in an interview with CNBC’s Leslie Picker for Delivering Alpha.
Paul Tudor Jones says he prefers crypto to gold as an inflation hedge
Billionaire investor Paul Tudor Jones told CNBC on Wednesday he views cryptocurrency right now as a better hedge against inflation than gold.
“It would be my preferred one over gold at the moment,” Jones said in a “Squawk Box” interview. “Clearly, there’s a place for crypto. Clearly, it’s winning the race against gold at the moment.”