Bitcoin, Ethereum Set To Rally? Josh Brown Says Crypto Has Entered 'New Phase' As Institutional Investors Look To Jump In
Portfolio Pulse from Adam Eckert
Josh Brown of Ritholtz Wealth Management believes that cryptocurrencies, particularly Bitcoin and Ethereum, are entering a new phase as institutional investors show interest. EDX Markets, a digital asset marketplace backed by Charles Schwab, Fidelity, and Citadel Securities, launched trading in select assets, targeting institutional traders. Additionally, BlackRock filed an application for the first spot Bitcoin ETF in the U.S.
June 20, 2023 | 7:23 pm
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BlackRock filed an application for the first spot Bitcoin ETF in the U.S., indicating its interest in the growing crypto market and potentially boosting its stock price.
BlackRock's application for the first spot Bitcoin ETF in the U.S. indicates its interest in the growing crypto market. As institutional investors show interest in cryptocurrencies, this could positively impact BlackRock's exposure to the market and potentially its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Fidelity is backing EDX Markets, a digital asset marketplace targeting institutional traders, which could boost its exposure to the growing crypto market.
Fidelity's backing of EDX Markets indicates its interest in the growing crypto market. As institutional investors show interest in cryptocurrencies, this could positively impact Fidelity's exposure to the market and potentially its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Charles Schwab is backing EDX Markets, a digital asset marketplace targeting institutional traders, which could boost its exposure to the growing crypto market.
Charles Schwab's backing of EDX Markets indicates its interest in the growing crypto market. As institutional investors show interest in cryptocurrencies, this could positively impact Schwab's exposure to the market and potentially its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70