Institutional bullishness continues as Ark Invest carries on their bitcoin-related buying spree and JP Morgan’s Erdoes hints clients interested in bitcoin, and more…


Ark invest continues bitcoin-related buying spree

Cathie Wood, founder and the driving force behind Ark Invest, continues the long lasting bitcoin-related buying spree. On Friday, Ark invest added another 225,937 shares of Square Inc, worth around $54 million, to its holdings. The purchase was made after Square and Twitter CEO, Jack Dorsey, announced that Square is developing a new business unit, which will further build out the Bitcoin DeFi ecosystem. The trade should also be seen in the context of getting back into Square, after having sold some of the stake a little over a month ago.

Suggested Read: Square Announces New Bitcoin DeFi Business

Yet, the spree just continued on Monday with Ark Invest’s Next Generation Internet ETF (ARKW) adding 310,067 shares of the Grayscale Bitcoin Trust (GBTC) worth somewhere around $8 million and 48,977 shares of Coinbase Global Inc roughly worth $10,8 million. Their Fintech Innovation ETF (ARKF), also trading on the New York Stock Exchange, joined in the fun allocating another $5 million into Coinbase (22,900 shares).

Ark Invest currently holds (across all ETF’s):

These are significant investments into the bitcoin and crypto space.

JP Morgan clients want bitcoin

“A lot of our client say: that’s an asset class and I want to invest – and our job is to help them put their money where they want to invest” – JPM Wealth Management CEO Mary C. Edroes

JP Morgan Wealth Management CEO, Mary Callahan Edroes, stated that more and more JP Morgan clients view bitcoin as an asset class and want to invest in it. The statement was made in today’s episode of ‘Bloomberg Wealth with David Rubenstein’, the interview is said to have been recorded on June 7. Although she was a little careful when talking about bitcoin, she did mention that “blockchain technology, which is the underlying piece of all this, is very real and is changing all the ways that we did digitally interact with the financial markets”.

It’s to be expected that JP Morgan is hesitant to acknowledge bitcoin and other cryptocurrencies too much, as it is still heavily working on its own settlement blockchain JPM Coin, through its blockchain division Onyx. According to reporting by The Block, JP Morgan is on an aggressive “blockchain hiring spree”, adding over a dozen new job posting on LinkedIn.

Mastercard moves forward with crypto-payments

Last, but not least for the day, Mastercard announced today that it wants to make crypto-to-fiat payments easier, looking to upgrade its card program for crypto wallets and exchanges. For this, the company has partnered with Evolve Bank & Trust, Paxos Trust Company, as well as financial technology firm behind the stablecoin USD Coin (USDC) Circle. The briefing states:

“Mastercard and its partners will test this new capability to enable more banks and crypto companies to offer a card option to people wanting to spend their digital assets anywhere Mastercard is accepted”.

Executive VP of digital assets and blockchain products & partnerships at Mastercard, Raj Dhamodharan, commented that: “Today not all crypto companies have the foundational infrastructure to convert cryptocurrency to traditional fiat currency, and we’re making it easier”. According to the briefing, Paxos and Circle will leverage their platforms in order to “facilitate the conversion of crypto to fiat through fiat-backed stablecoins, a class of cryptocurrency that offers price stability and is backed by reserve assets”. Further, this will allow more banks and partnered institutions to offer crypto-payment options to their customers.

Circle confirmed the start of a crypto-to-fiat conversion pilot program.

A new @Mastercard pilot program will test enhancements in #crypto-to-fiat payments using #USDC, with help from @circlepay. Learn more 👇

— Circle (@circlepay) July 20, 2021

This content was originally published here.

63 Responses to “Institutional Bullishness: Ark Invest Buying Spree, JP Morgan Clients Interest, Mastercard Crypto Payments – CryptosRus”

Leave a Reply

Trackbacks and Pingbacks:

  1. 3besiege


  2. writing phd dissertation

    dissertation defense questions

  3. help with dissertations

    writing your doctoral dissertation

  4. paper writing service

    dissertation writing memes

  5. dissertation help

    uk dissertation writing service

  6. thesis or dissertation

    uf dissertation award

  7. dissertation defense

    writing dissertations

  8. dissertation chapters

    dissertation proposal template

  9. writing my dissertation

    online dissertation writing

  10. dissertation help online

    proposal writing company

  11. help with dissertation writing

    dissertation presentation

  12. masters dissertation

    cheap dissertation help

  13. help writing

    dissertation service

  14. dissertation help india

    write my dissertation for me

  15. dissertation chapters

    edd dissertation topics

  16. bally online casino

    vegas casino online no deposit bonus 2021

  17. online casino real money paypal no deposit

    online casino arizona

  18. online casino testen

    top 10 online casino

  19. river online casino

    wild vegas online casino

  20. rivers casino sportsbook online

    vegas casino online $100 no deposit bonus codes 2021

  21. rivers casino sportsbook online

    no deposit bonus codes online casino

  22. play casino online

    real money online casino

  23. slotocash online casino

    twin river casino online

  24. best online casino no deposit sign up bonus

    online casino schweiz

  25. online casino paysafecard 10€

    free casino online games

  26. firekeepers casino online

    biggest online casino welcome bonus

  27. firekeepers casino online

    unibet online casino pa

  28. bet online casino

    online casino gambling

  29. mohegan sun online casino

    no deposit online casino bonus

  30. online casino that accepts visa

    playnet fun online casino

  31. online casino with no minimum deposit

    foxwoods online casino

  32. free vpn

    free vpn client

  33. best vpn router 2022

    gaming vpn free

  34. best ree vpn

    best free vpn for linux

  35. best vpn china

    top rated vpn service

  36. setupvpn - lifetime free vpn

    how to create a vpn

  37. vpn free trial

    buy express vpn

  38. best free vpn for windows

    vpn for mac

  39. avg vpn free

    sonicwall vpn client

  40. manhunt gay dating site login page

    free gay sex dating

  41. military gay dating

    gay ginger dating sites

  42. single web site

    free dating services online

  43. free local singles

    chat dating

  44. free online dating chat

    meet site

  45. dating sites nl

    top dateing sites

  46. sites adult

    best free online dating

  47. single senior dating sites

    senior dating sites free

  48. good free dating sites

    best dating web

  49. lstill18 single women

    free dating sites for single men and women

  50. single free dating sites for sex

    dating free online

  51. free web date site

    dating for singles

  52. dating sites free chatting

    men dating sites

  53. stake online casino

    real money online casino pennsylvania

  54. paradise casino online

    silver oak online casino

  55. dirty gay video chat free

    gay chat webcam room facebook free

  56. avenue-chat gay onlice

    local gay chat rooms

  57. 702 gay chat

    gay fetish video chat

  58. gay video chat x4

    indian gay chat room

  59. free gay chat rooms in ioq

    good gay video chat site

  60. pittsburgh gay chat

    gay chat washington state

  61. video chat for gay men

    gay chat rooms columbia sc

  62. japan gay teen boy chat

    gay web chat

  63. live free gay web cam chat rooms

    chat de gay usa