Ken Griffin, the CEO and founder of the Citadel hedge fund, has reiterated his negative stance on Bitcoin (BTC) in an interview with CNBC Wednesday, July 18.
Founded by Griffin in 1990, the Citadel hedge fund manages over $30 billion of assets.
Others on Wall Street have embraced cryptocurrencies in their turn.
Earlier this week, the world’s largest largest asset manager BlackRock announced it is setting up a working group to estimate the benefits of involvement in Bitcoin, a turn away from the company’s previous critical stance on cryptocurrency.
And last week, billionaire Steven Cohen’s Point72 Asset Management hedge fund reportedly invested in the Autonomous Partners crypto and blockchain-focused hedge fund.
The co-founder and manager of the money management firm Citadel has voiced his grievances with Bitcoin. Ken Griffin stated today that none of his portfolio managers are interested in exposure to digital assets.
SUI Group announced a key partnership with the decentralized exchange Bluefin to drive institutional adoption of crypto products on the Sui blockchain.
Wall Street was upbeat Tuesday, with Dow Jones Industrial Average rising more than 150 points and S&P 500 and Nasdaq jumping to record highs as Nvidia and a Microsoft-OpenAI deal boosted US stocks.
The US stock market has just achieved a historic milestone, closing at its highest weekly levels ever recorded. The S&P 500 finished the week at 6,791. 68 while the US 100 Index reached 25,358. 15, both setting new all-time highs.
T. Rowe Price, the US asset manager with $1.8 trillion in assets, has filed to launch its first crypto exchange-traded fund, according to regulatory filings and market reports. The filing seeks registration with the US Securities and Exchange Commission for an actively managed product that would give investors exposure to a basket of digital tokens […]
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Wall Street’s biggest balance sheets are quietly rebuilding the crypto stack under the banner of tokenization and custody. What began as a defensive stance toward digital assets is turning into an infrastructure shift: bringing fund administration, cash management, and settlement onto blockchain rails that look more like BNY Mellon’s LiquidityDirect platform than a typical crypto […]
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