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Three more cryptocurrency exchange-traded funds are launching on the Toronto Stock Exchange. Evolve Funds Group Inc. is launching the world’s first Ether exchange-traded fund, according to a press release, which noted the ETF will invest directly in the cryptocurrency used to pay for transaction fees and computational services on the Ethereum network. The ETF will provide investors […]

  • By: Staff
  • April 27, 2021 April 27, 2021
  • 09:00

Coinbase made a rousing debut on Wall Street last week, with shares of the digital currency exchange rising as high as US$429, briefly giving it a market value over $100 billion. Coinbase Global Inc.’s initial public offering happened with cryptocurrency chatter seemingly everywhere, even at the U.S. Federal Reserve. Digital currencies are being incorporated into business plans […]

The vast majority (85 per cent) of institutional investors who already engage with Bitcoin plan to increase their investment in the cryptocurrency over the next two years, according to a survey commissioned by Nickel Digital Asset Management. Additionally between now and 2023, 72 per cent of those surveyed expect professional investors in general to invest […]

  • By: Staff
  • March 15, 2021 March 16, 2021
  • 15:00
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A third Bitcoin exchange-traded fund is now trading on the Toronto Stock Exchange. The CI Galaxy Bitcoin ETF, developed by CI Global Asset Management, invests directly in the cryptocurrency with holdings priced according to the performance of a single Bitcoin traded in U.S. dollars, according to a press release. Read: Bitcoin ETFs begin trading in […]

  • By: Staff
  • March 11, 2021 March 11, 2021
  • 09:00

North America’s first Bitcoin exchange-traded funds began trading on the Toronto Stock Exchange recently. The Purpose Bitcoin ETF, developed by Toronto-based Purpose Investments, was approved for trading last week by the Ontario Securities Commission. As of Feb. 18, units of the ETF were at $10.19 in late afternoon trading on the S&P/TSX composite index, up […]

The term cryptocurrency may evoke a number of different images, from lightning-fast computers fuelling get-rich-quick schemes to shady rooms where hackers plot multi-million dollar digital heists. And while there may be some truth to those perceptions, cryptocurrency is a growing sector that many institutional investors are eyeing with increasing interest. Indeed, in mid-December 2020 Bitcoin’s […]

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As crypto currency gains further traction in the global marketplace, do institutional investors have a fiduciary responsibility to examine its potential? Perhaps the answer lies in Bitcoin’s performance relative to other, more traditional asset classes, suggested Elisabeth Préfontaine, founder of Octonomics, at an event hosted by the Global Risk Institute in Toronto on Wednesday. “When […]

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Almost half (47 per cent) of institutional investors are interested in including digital assets in their investment portfolios, according to a survey by Fidelity Investments Inc. The study, which surveyed more than 400 U.S. institutional investors, including pension plans, family offices, crypto and traditional hedge funds, found 22 per cent of respondents said they already have some exposure to […]

  • By: Staff
  • May 6, 2019 January 10, 2021
  • 07:11
Institutional investors interested in digital assets: survey

Almost half (47 per cent) of institutional investors are interested in including digital assets in their investment portfolios, according to a survey by Fidelity Investments Inc. The study, which surveyed more than 400 U.S. institutional investors, including pension plans, family offices, crypto and traditional hedge funds, found 22 per cent of respondents said they already have some exposure to […]

  • By: Staff
  • May 3, 2019 January 9, 2021
  • 16:00
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Institutional investors appear to be making some tentative forays into the world of cryptocurrencies. A research note published by investment firm Cambridge Associates said it may be time for institutional investors to begin exploring and familiarizing themselves with the asset class, stating, “we see an industry that’s developing, not faltering.” As well, a survey of institutional investors […]