Clients Increasingly Pushing Advisors to Invest in Crypto + More News
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
- 94% of surveyed 600 financial advisors in the US received questions from clients about crypto in 2021, up from 81% the year before, according to the Bitwise/ETF Trends 2022 Benchmark Survey. Also, the percentage of advisors allocating to crypto in client accounts grew sharply, from 9% last year to 15% this year. An additional 17% of advisors said they will "probably" or "definitely" allocate in 2022. 53% (15% a year ago) of respondents say that the price of bitcoin (BTC) will top USD 100,000 within five years.
Some other findings:
Source: The Bitwise/ETF Trends 2022 Benchmark Survey
Source: The Bitwise/ETF Trends 2022 Benchmark Survey
Source: The Bitwise/ETF Trends 2022 Benchmark Survey
Source: The Bitwise/ETF Trends 2022 Benchmark Survey
The survey took place in December 2021. Source: The Bitwise/ETF Trends 2022 Benchmark Survey
- The US Securities and Exchange Commission (SEC) has disapproved the application for First Trust SkyBridge’s spot BTC exchange-traded fund (ETF) after several deferments. They said any rule change in favor of approving the ETF would not be “designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.”
- JavaScript-native smart contract platform Agoric said it raised USD 50m through their BLD token sale which closed in less than two hours and added more than 48,000 new account holders to their project. Proceeds from the sale will be used for the growth and development of the Agoric network, the team added.
- Blockchain indexing protocol The Graph (GRT) said it has raised USD 50m in a new funding round led by Tiger Global. Over the next two years, The Graph Foundation should allocate funds toward acquiring core developers (or development teams) to focus on solving key centralization, security, and scalability challenges in Web 3.
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