Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. (Updated on January 16 with Exchanges news).
Bitcoin news
- German bitcoin exchange-traded product (ETP) from ETC Group has garnered volumes matching those of popular European funds, as BTCetc Bitcoin Exchange Traded Crypto (BTCE) has recorded average daily trading amounting to EUR 57m (USD 68.9m) in the first 11 days of January, according to the Financial Times, citing data from Deutsche Börse. The structure of the bitcoin ETP had “increased the appeal of cryptocurrency investments for institutional investors,” who can trade the asset without having to set up a specialized infrastructure or use an “unregulated” crypto platform, Stephan Kraus, head of Deutsche Börse’s ETF segment, is quoted as saying.
- Strategists at one of the world’s largest wealth managers, UBS Global Wealth Management, claim that “there is little in our view to stop a cryptocurrency’s price from going to zero when a better-designed version is launched or if regulatory changes stifle sentiment.” “Netscape and Myspace are examples of network applications that enjoyed widespread popularity but eventually disappeared,” according to the strategists. (
Source: Cryptonews
