Fecha Actual:April 20, 2021

The institutional advance in crypto investments

Crypto is once again in the news due to the interest of institutional investors in finding ways to invest in this type of asset. This Monday, following in Canada’s footsteps, it was announced in Brazil that a new investment fund made up of BTC will be launched.

In the United States, there are several companies that are awaiting their verdict to begin operating with this instrument, since several presentations have been made before the SEC to advance towards this objective.

The Latin American giant approved the launch of the fund made up of BTC to start operating shortly and will be managed by QR Asset Management.

This is attractive to institutional investors looking for the performance of cryptocurrencies. In the US case, there are already applications before the SEC, by WisdomTree, (5% of its portfolio would be made up of BTC futures), Morgan Stanley, associated with NYDIG, (investors with at least $ 2 million dollars), VanEck and this Friday a new company joined.

Leading SkyBridge Capital, with Anthony Scaramucci, the former White House communications director, is the new company seeking SEC approval.

SkyBridge Capital, in association with First Trust, requested in the last hours before the SEC, the opening of an investment fund composed of cryptocurrency. They will act as sub-advisor and advisor respectively to the fund, offering regulation to those who seek to operate in BTC.

The approval of the SEC, derived in a migration towards missing companies investments make up a percentage of its capital by cryptocurrencies. Still, if the SkyBridge ETF is approved, it is possible that companies that are on hold will be approved.

The price of Bitcoin, the cryptocurrency with the largest market capitalization, has volatile days. Although it continues to be an asset of these characteristics, in March we saw it break historical price records and fall back to previous values. The adjustments and imbalances suffered were caused by the impacts that decisions and measures have from the world economies, generating expectations in the short and medium term, which affect demand. A lawsuit that looks to cryptocurrencies as a safeguard asset.

This is how the Chairman of the United States Federal Reserve views cryptocurrencies and Bitcoin in particular. They are a safeguard asset, replacing the traditional gold and not the dollar. Seeking to strengthen the dollar with his words,

As long as the possibilities of investing in ETFs are not open in the US, it is likely that companies with an impact on cryptocurrencies, such as mining companies, will see an increase in their investor attractiveness.

Projected prices:

The BTCUSD is testing maximum prices. Buy scenario above $ 58,000 and $ 59,000 with buy pressure. Currently the value of BTCUSD is $ 57,137.

Leave a Reply

Translate »