Month: January 2019

Citigroup may have cracked the cryptocurrency code. The New York-based bank has come up with the most direct way to invest in cryptocurrency without actually having it, according to people who know the plan. This structure will place the cryptocurrency in the existing regulatory regime and give large Wall Street investors such as asset managers…
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Even Goldman Sachs, a giant Wall Street that trades the most esoteric assets of the market, cannot find a way to trade bitcoin. The bank has ditched plans to open a table for cryptocurrency trading in the future, according to people familiar with the matter, because the regulatory framework for crypto is still unclear. As…
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U The bitcoin world was dealt a big blow when regulators rejected nine exchange-traded funds tied to bitcoin futures on Wednesday. These include two products from ProShares, two from GraniteShares, and five other proposals from Direxion.Markets Insider It means the world is still waiting for its first fully regulated bitcoin ETF product. The funds would…
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Two US financial regulators are used for clients who have been involved with cryptocurrency, in the first attempt to regulate a growing industry. In the first case, the SEC took action against crypto hedge funds, alleging that California’s Crypto Asset Management LP management funds misrepresented itself as “the country’s first crypto fund of regulated assets”…
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LONDON Investors cut equity exposure this month as they grew more wary that economic growth may slow, but kept a long-standing preference for mega-cap tech stocks, Bank of America Merrill Lynch’s monthly survey indicated on Tuesday. BAML’s September survey found investors’ outlook on economic growth had worsened significantly, driving them to increase cash holdings. A…
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