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GoldenTree buys Bitcoin



Asset management firm GoldenTree has bought BTC, according to the latest Bitcoin News. At the same time, it said the company is also considering hiring cryptocurrency investment and operations professionals. With this, GoldenTree would draw attention to this industry. So far, however, there is no information about how much Bitcoin or how much Bitcoin was bought.

GoldenTree adds Bitcoin to its balance sheet

According to a report, wealth management firm GoldenTree is said to have bought Bitcoin. GoldenTree currently manages over $ 41 billion in assets and is now set to add BTC to its balance sheet to diversify its portfolio. This step of buying Bitcoin is intended to offer a much broader mix of debt-oriented strategies.

The article also states that GoldenTree is also considering hiring cryptocurrency investment and operations professionals. Thus, more attention could be drawn to the industry. However, the report does not tell how much Bitcoin or how much GoldenTree bought Bitcoin. Still, it would appear that the company is currently only focusing on Bitcoin.

The Bitcoin News also show more acceptance among institutional investors

The acceptance of cryptocurrencies is still increasing - and not only among private investors. There is also increasing demand for blockchain and crypto offers from institutional investors. With the updated investment rules in Germany, it is now possible that institutional funds are allowed to hold up to 20% of the portfolio in crypto. This is a very positive step for Germany, as things tend to be very conservative here when it comes to cryptocurrencies. Above all, this Bitcoin News also shows how high the level of acceptance is in Germany and how Bitcoin & Co. is constantly advancing.

At the same time, the survey by Fidelity Digital Assets shows that around 71% of institutions plan to invest in digital assets. In addition, 90% are interested in digital assets and plan to invest.

Banks are offering more and more options for cryptocurrencies

The crypto and blockchain industry continues to grow and banks are also interested in offering their customers more. In the meantime, the well-known bank JPMorgan has already started offering customers cryptocurrencies. JPMorgan currently offers access to five crypto funds. Four of the five funds come from Grayscale Investments, one from Osprey Funds. But Bank of America has also given selected customers permission to trade Bitcoin futures through the bank. This move came shortly after Goldman Sachs made futures trading possible for its customers.

Thus, more and more banks are getting into cryptocurrencies and enabling their customers to invest in them.

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