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Bitcoin Watch: Key Economic Events To Drive Crypto Volatility

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According to a recent post on the X platform, esteemed cryptocurrency expert Michael van de Poppe predicted a potentially volatile week for Bitcoin and Ethereum. With the financial markets readying for a series of important events, investors are told to stay vigilant.

The focal points for the week are unemployment data release, FOMC decisions, and ETFs launch in Hong Kong. The occurrences are anticipated to affect the market dynamics to a great extent and can lead to substantial price swings in the field of cryptocurrency.

Van de Poppe predicts that these events may cause another steep price fall in the market. Nevertheless, he also proposes that if such a decline happens, it may be the last significant dip for Bitcoin and Ethereum before a possible stabilization or growth.

The unemployment data is also very important, as these figures provide information about economic stability and the purchasing power of consumers, which is a factor that influences investment in cryptocurrencies like Bitcoin. In the same way, the FOMC decision will delineate monetary policy and interest rates, which have historically driven investors’ sentiment and risk appetite across sectors, including digital assets.

Hong Kong ETFs Boost Bitcoin Liquidity

In addition, the introduction of ETFs in Hong Kong represents a major development in the cryptocurrency field creating new ways of investment and making Bitcoin and Ethereum more liquid. People interested in cryptocurrencies closely monitor this event since it can open the door to further acceptance and integration of crypto assets into traditional financial portfolios.

Because of the nature of these high-impact events, Van de Poppe’s volatility forecast is not unjustified. His advice to the crypto community is to ready themselves for price volatility, the degree of which will greatly depend on events in the next week.

The market is waiting for these situations to change, and the investors and traders stand ready to react to any signs of economic shifts that could impact the stability and growth of Bitcoin and Ethereum. The prospect of these occurrences highlights the intricate interface between global economic indicators and the growingly mainstream world of cryptocurrencies.

The next few days are crucial for the market of cryptocurrencies, there are some important events that could determine short-term trends and movements. Those with an interest in the Bitcoin and Ethereum markets are advised to keep abreast with these developments.

Crypto Trading Volume Plummets Amidst Uncertain Sentiment: Report

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Santiment, a leading analytics platform in the cryptocurrency sector, pointed out a marked decline in trading volumes observed across the crypto market. According to their most recent analysis on an X platform, the current trading volumes resemble the lows seen only towards the end of January, highlighting a rather indecisive period among the traders.

The cryptocurrency market, which is always volatile and speculative, looks uncertain. Calls to “buy the dip,” a popular battle cry of cryptocurrency enthusiasts during market downtrends have become scarce. This drop indicates a decreasing confidence among traders, probably as a result of not having a clearly-defined direction of the market.

Equally damning is the silence from those who used to argue that the market was set for an upward movement. The quietness of this group can be taken as reflection of the market conditions and expectations, possibly in waiting for more clear growth indicators.

Crypto Traders Await Signs of Recovery 

Within this careful mood, a large group of the market’s players are keeping their securities, hesitant to make big transactions. This behavior is fueled by the fear of losing out in case of a possible relief rally–a quick rebound in prices if conditions turn around. Nevertheless, this waiting game only aggravates the liquidity shortage and therefore decreases the trading volume.

This prudent approach is most evident in the recent development of Bitcoin. The world’s leading cryptocurrency experienced a significant fall in the trading volume, which has decreased by 60-65% from the peak at the very late of February. The decrease in activity is indicative of the larger market trends and reflects the risk adverse approach that many investors have.

However, experts, including those from Santiment, recommend that the growing trade volume is one of the most essential signs of the upcoming market restore. The spike is likely to represent a collective re-emergence of the trader confidence and the start of a market-wide rally. On the other hand, with the calendar turning to May, the expectation surrounding these moves rise with market participants keeping an eye on cues for a change in the current market mood.

The market of cryptocurrencies is currently in a stage of indecision and low activity with volumes of trade at a significant low. The next few weeks are crucial as they can be the guide to where the market is heading. Both investors and traders should pay attention to changes in trading volume, which could signal a continuation of an increased activity and possibly a beginning of a prolonged rally.

From Stocks to Staking Crypto: How to Diversify Your Trading Portfolio for Increased Returns

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Trading can be a great way to make money, but for many, it still seems very daunting. This is because it can also be a way to lose money if you don’t take the right approach. New traders make plenty of mistakes, so you need to go in with the right knowledge if you want to maximize your profits. One of the key things that any experienced trader will tell you is that you should diversify your trading portfolio. These days, a lot of traders are adding crypto to their portfolios due to the potential it has. Let’s take a look at how this could help you reach your goals.

Understanding Portfolio Diversification

Diversification involves spreading your trades across different assets and different asset classes. For example, you could invest in stocks, bonds, crypto, real estate, and more. The overall purpose here is to reduce risk. If a single asset class loses value, your overall portfolio value won’t be hit too hard. It’s true to say that diversifying your portfolio can make things more complex, but it’s worth considering. The best portfolio will consist of different assets as this provides several benefits.

Minimize Risk

The main reason to diversify your portfolio is to reduce risk. If there’s significant volatility in a single asset class and it’s the only one you hold, you could lose a lot of money. Having various assets will reduce the impact of this volatility and protect your portfolio. Take Advantage of Different Market Conditions. Some assets will perform better than others in different market conditions and economic climates. In uncertain climates, for example, many traders will avoid riskier investments and stick to safer ones. With a diverse portfolio, you can always be poised to make trades that suit the current situation.

Enhance Long-Term Returns

Regardless of your approach to trading, you should always be thinking about your long-term returns. In most cases, a well-diversified portfolio will provide better returns over a long period than one that’s more concentrated. You’ll have an easier time achieving more consistent and predictable growth by spreading your investments across various assets.

The Rise of Crypto

Bitcoin was launched in 2009 and crypto has exploded in popularity since. With time, more people have started taking it seriously as a worthwhile asset, and now many traders have it in their portfolios. Several factors have caused it to become significantly more appealing to investors.One of the main elements is the potential profits that come from crypto. Bitcoin, Ethereum, Solana, and many other cryptocurrencies have experienced huge gains since their inception. A lot of early adopters of these coins have made substantial profits.

Bitcoin itself is particularly inviting for investors due to the limited supply. There will never be more than 21 million Bitcoins mined. This scarcity makes it a more ideal way to hedge against inflation, unlike traditional currencies which can be printed at will. The decentralized nature of crypto also makes it more appealing. There’s no financial body or governing institution in control of Bitcoin, giving traders a lot more control.

Strategies for Crypto Trading

As tempting as it may be to start investing immediately, there are some things you should do first. Effective portfolio strategies require a good understanding and a well-thought-out approach. Set Clear Goals. Before you do any investing or trading, you should know what you’re trying to achieve. Set clear goals, and you can then establish a plan to achieve them. You can specify details like your risk tolerance, desired returns, and investment horizon. A clear road map will help you stay on track and make better-informed decisions.

Diversify Your Cryptocurrency Portfolio

As it stands, there are more than 23,000 cryptocurrencies in circulation. Some of these will suit you better than others. You should always do your research before investing to make sure you’re only trading cryptos that you’re comfortable with. In general, large-cap coins like Bitcoin and Ethereum are the safest options, but they don’t have the largest potential for growth. Much smaller cap coins can net you huge profits, but there’s also more risk of you losing money. You should take this into account when looking at what cryptos to trade. As with asset classes, investing in different coins will help reduce your overall risk exposure.

Use Stop-Loss Orders

When trading, there will be times when you lose money. It’s just that simple. Being able to accept losses and carry on is crucial. Stop-loss orders are a good way to reduce losses. You can specify a minimum price that you want to sell your crypto at. If your investment drops to this price, it will sell automatically. This prevents you from larger losses if it continues to fall in value.

“Also read–Top 10 Crypto Staking Platforms of 2024“

Stay Informed and Adapt

The crypto space is always changing and moving forward. If you want to succeed, you need to understand what’s happening at all times. Make sure you stay up to date with the latest events and developments in the world of crypto. You can then make changes to your overall strategy so you can keep performing well.

Risks of Investing in Crypto

Before you start investing in crypto, it’s important to understand the risks. The first of which is the volatility of cryptocurrencies. This is what gives them a lot of potential for profits, but also losses. Secondly, there’s the risk of scams. If you’re new to crypto, you need to be very careful. Scams are all too common, so never make any trades unless you’re confident in what you’re doing. Always be cautious of bad actors in the crypto space and make sure you know what potential scams are out there.

You should also make sure you keep your assets in a separate wallet rather than on an exchange. While they’re typically highly secure, some exchanges have been hacked in the past, and you wouldn’t want to lose your crypto in this way.

Making the Most Out of Your Crypto Investments

Investing in crypto involves a level of risk, but if you do things right, your trading portfolio can make significant profits. Staking is a great way to earn more from your crypto. Staking Farm is a leading crypto-staking platform that has paid out more than $40 million in rewards so far. Sign up to start earning today.

Crypto Exodus: $435 Million Flees Amidst Market Turmoil

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During a chaotic week for cryptocurrency investment, the most recent CoinShares Digital Asset Fund Flows Weekly Report showed a big drop. Outflows continued for the third week in a row, with an astonishing $435 million moving out of the market. This is the biggest decline since March.

The trading volumes of Exchange Traded Products (ETPs) followed this fall; they went down to $11.8 billion from last week’s $18 billion, while Bitcoin prices went 6% lower, showing that people are even more worried about this market. These outflows took place mostly in the United States, which saw an enormous $388 million leave, but there is still some hope left in all this darkness – year to date US inflows are record high at $13.6 billion.

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Grayscale’s Downturn and New Issuer Slowdown in Crypto Sector

Delving into the specifics, the venerable Grayscale bore the brunt of the exodus, hemorrhaging $440 million in outflows, marking its lowest point in nine weeks. Yet, as Grayscale’s outflows gradually decelerate, a concerning trend emerges a simultaneous slowdown in inflows from new issuers. Last week, these newcomers only attracted $126 million, a stark decline from the previous week’s $254 million.

This negative sentiment extended beyond the US borders, with Germany and Canada experiencing outflows of $16 million and $32 million, respectively. However, Switzerland and Brazil defied the prevailing trend, attracting $5 million and $4 million in inflows, respectively.

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The primary assets that capital flowed out of were Bitcoin and Ethereum, which had $423 million and $38 million of their money taken out, respectively. Conversely, many different types of altcoins had money put into them as investment products that could be used, with multiple coins gaining $7 million in inflows. In addition to this, investments continued being made into established cryptocurrencies such as Solana, Litecoin, and Chainlink, each having received $4 million, $3 million, and $2.8 million worth of investment, respectively.

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With these turbulent times for digital assets occurring it is important for investors and market analysts alike to stay watchful so they are able to identify any signs that may indicate a change in the market. What should not be overlooked however is how certain altcoins’ ability to withstand the wider slump suggests that there is more than one way to think about investing in this space – signifying an ever-changing digital asset ecosystem.

Related Reading | Ethereum Gas Prices Plummet to Three-Year Low, Sparking Hope for Market Recovery

Slowdown in Bitcoin ETF Inflows Is Short-term Pause: Bernstein Report

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The recent surge in Bitcoin Exchange-Traded Funds (ETFs) appears to be taking a breather, but analysts at Bernstein aren’t hitting the panic button. They view the slowdown as a temporary lull before the leading cryptocurrency resumes its upward climb towards their ambitious $150,000 target by the end of 2025.

“Bitcoin ETF flows have slowed down, with the ‘halving’ catalyst and successful ETF launch, pulling forward BTC returns year-to-date (up 46%),” said Gautam Chhugani and Mahika Sapra, analysts at Bernstein, in a recent note to clients. They downplay the slowdown, attributing it to profit-taking after a strong first quarter and the need for further integration of these new investment vehicles into traditional financial platforms.

While the initial launch of spot Bitcoin ETFs generated significant excitement, widespread adoption requires further infrastructure development. Inflows peaked at a net daily figure of $1.05 billion on March 12th, coinciding with Bitcoin’s near all-time high of $73,836. Since then, inflows have slowed considerably, highlighting the need for platforms to establish robust compliance frameworks for selling these novel products.

Despite the pause in ETF inflows, Bernstein maintains its optimistic outlook for Bitcoin. The analysts cite several factors supporting their $150,000 price target, including the substantial $12 billion of net inflows into spot Bitcoin ETFs so far this year. Additionally, the recent Bitcoin halving event has placed leading miners in a financially healthy position, with transaction fees stabilizing around a healthy 10% of their revenue.

SEC’s Decision on Ethereum ETFs

The future of Ethereum ETFs remains uncertain. The U.S. Securities and Exchange Commission (SEC) has a May 23rd deadline to decide on their approval. Bernstein anticipates a potential denial based on concerns regarding the reliability of the correlation between Ethereum’s spot and futures markets. However, the analysts believe such a decision would likely be challenged in court, similar to the successful legal battle surrounding the Grayscale Bitcoin ETF.

An alternative scenario involves the SEC classifying Ethereum as a security, creating a regulatory conflict with the Commodity Futures Trading Commission (CFTC) which currently views it as a commodity. This situation would further complicate the approval process for Ethereum Exchange-Traded Funds.

Interestingly, Bernstein views a potential SEC denial as a potential positive for Ethereum’s price. They argue that litigation would bring renewed focus to the cryptocurrency, potentially leading to a period of outperformance relative to Bitcoin. This scenario could also benefit “ETH-beta” Layer 2 tokens like Arbitrum, Optimism, and Polygon.

In conclusion, Bernstein’s analysis suggests a temporary pause in Bitcoin’s ETF-fueled rally. However, the underlying fundamentals remain strong, supporting their long-term bullish outlook. The fate of Ethereum ETFs adds another layer of intrigue to the crypto market narrative, with a potential SEC denial possibly triggering a shift in investor focus towards Ethereum and its associated ecosystem.

Related Reading | DOJ’s Tornado Cash Brief Full of Flaws: Expert

Stablecoin Trading Volume Reaches New Highs as Real-Time Payments Surge Worldwide

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The payme­nts world experience­s a quiet shift; stablecoins lead the­ way. Cryptocurrencies capture he­adlines with volatility, yet traditional payment titans like­ PayPal and Stripe embrace stable­coins. These digital assets stay pe­gged to currencies like­ the US dollar, enabling smooth, efficie­nt payment solutions.

The inte­gration of stablecoins into popular applications signifies a major step towards wide­spread blockchain acceptance. This move­ simplifies crypto transactions, seamlessly transitioning use­rs onto the blockchain by merging stablecoins with familiar inte­rfaces, thereby e­liminating complexities often associate­d with such processes.

The digital payment landscape is booming. As the world moves from physical curre­ncy, the global payments industry is poise­d to reach an astounding valuation of $200 billion by 2030, a remarkable asce­nt from its modest $10 billion value in 2017. These­ transactions collective­ly represent an imme­nse and burgeoning market se­gment, brimming with untapped potential.

However, traditional payment systems are riddled with inefficiencies. Transactions can be slow, taking days to settle, and fees can eat into profits. For businesses, this translates to delayed access to funds and higher operating costs.

The Rise of Stablecoins

This is where stablecoins come in. By leveraging blockchain technology, stablecoins offer instant and final settlements, eliminating the need for credit intermediaries and their associated fees. Transaction speeds have improved dramatically, now measured in milliseconds, and costs have plummeted to fractions of a cent.

The data speaks for itself as Stablecoin transaction volumes on Ethereum alone are currently tracking towards a record $15 trillion annualized rate. This surge in activity demonstrates the growing adoption of stablecoins as a viable payment method.

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Source: The Block

The beauty of this innovation lies in its user-centric approach. Consumers don’t need to understand the intricacies of blockchain technology to benefit from its advantages. They simply experience a faster, cheaper, and more convenient way to pay.

Businesses, too, are realizing the value proposition of stablecoins. Faster settlements mean quicker access to funds, improved cash flow, and ultimately, higher profits. As crypto matures, its ability to streamline payments becomes an increasingly attractive proposition.

At the same time, new players like India’s Unified Payments Interface (UPI) are emerging as major forces. UPI, a central bank-developed real-time payment solution, processed a staggering 117 billion transactions last year, demonstrating the potential of alternative payment models.

While Ethereum currently dominates the stablecoin space, the ultimate goal is a chain-agnostic future. Data between different blockchains, including Ethereum, Bitcoin, and UPI, will need to integrate seamlessly to ensure the highest levels of security and efficiency.

Related Reading | CEO Of Ripple Anticipates 10% Of The Total Market Cap: Analyst Eyes $9 To $10

Optimism (OP) Gears Up for Potential Breakout, Analyst Predicts $5 Target

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Renowned cryptocurrency analyst World of Charts has recently published his views in an X post saying that Optimism (OP) is now drawing an interesting portrait on the market charts. As per the latest post by the analyst on X, it seems that Optimism has done a healthy pullback and hence a possible trendline breakout is in store for it.

Optimism, a layer-two blockchain solution, which promise to improve the scalability and transaction speeds of Ethereum, has been in a focus of both traders and analysts. The analysis of World of the Chart points out that after a corrective phase, OP is preparing for a large upward moment. The expert indicates that an attempted breakout of its current trendline could fuel a buying spree that would see it reach as high as $5 in the next few days.

Analyzing Optimism (OP) Potential Breakout

The analysis by World of Chart is based on different technical indicators that suggest the end of the correction period of OP. These parameters are very important to those traders, who use chart patterns to take relevant actions on their holdings. The breakout expectation emanates from the recent behavior of the asset, which is consistent with the recovery patterns commonly seen in other cryptocurrencies following a correction.

At present, OP is trading at $2.64 occurring with a noteworthy rise of 15.44% in the last 24 hours and an extra 5.95% gain in a week. The asset has also been subjected to a high rate of trading with the recorded 24-hour trade volume of $424,139,772. This positive evolution in the price and volume states the increasing interest and optimism among the trading community regarding OP’s market direction.

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The possibility of reaching the $5 point is quite an increase from the current prices and in such movements, investors would be interested. As Optimism goes further in creating and providing solutions which potentially could reduce transaction costs and increase in Ethereum throughput, the value of its token may grow accordingly.

OP’s price movements are being watched by investors and market observers. A breakout above the trendline could support the bullish thesis formulated by analyst and establish a new price path for the digital asset. But like with any other investment in this volatile cryptocurrency market, any potential investor should be very careful and weigh all the market dynamics.

The next days are very important period for Optimism as it challenges these technical levels. In the event of a breakout the token’s performance could potentially reach a certain milestone in 2023, say even align itself with certain bullish projections of the market.

Altcoin Rally Looms as Bitcoin Dominance Approaches Critical Breakpoint

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The crypto market is witnessing a potential mile­stone as the well-known analyst, known as the “Titan of Crypto,” has sparke­d discussions with a tweet hinting at a notable marke­t shift. According to the tweet, Bitcoin’s dominance­ might close its monthly candle below a crucial tre­nd line after being re­jected at the 56% le­vel. This developme­nt could signal the arrival of “Altseason2024,” a period whe­re alternative cryptocurre­ncies may thrive and outperform.

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Source: Titan of Crypto

Bitcoin’s control over the­ crypto market changes over time­, as revealed in the­ chart. It shows periods when Bitcoin falters, allowing othe­r coins to gain strength. These “Altse­asons” and “Rejections” suggest pote­ntial patterns for future market tre­nds. When Bitcoin’s dominance dips below the­ trend line, it could mean altcoins will rise­, benefiting patient inve­stors awaiting this shift.

Many crypto analysts e­xpect altcoins to gain popularity in Q1. The­y compare this expecte­d trend to the rally before­ Bitcoin’s halving event. Some analysts fore­cast a bullish “Altseason2024” based on cyclical patterns and re­cent indicators. Despite curre­nt market volatility, experts agre­e that historical trends suggest favorable­ conditions for an altcoin surge.

Bitcoin Struggles as Altcoins Gain Momentum

The crypto world saw a small rise­, but some coins fell. The total marke­t value dropped by 0.21% to $2.28 trillion. Trading was also slower, dropping 19.83% to $63.56 billion. While­ some coins gained, others struggle­d. The market showed mixe­d signals, with ups and downs across different currencie­s.

The crypto market is witnessing a significant shift. Bitcoin, the pionee­ring digital asset, confronts obstacles in maintaining support price levels following its most re­cent halving event on April 20th. Notably, it grapple­s with stability near the $63,000 to $63,200 range. While­ Bitcoin faces this challenge, altcoins have­ captured attention. Meme ­coins and layer-1 cryptocurrencies have­ outperformed Bitcoin over the­ past month.

The altcoin marke­t witnessed substantial value gains ove­r the past month. This increase occurre­d, especially amid concerns surrounding Bitcoin’s halving event. Howeve­r, today, major altcoin values declined, pote­ntially signaling a reversal or market consolidation phase­.

The se­cond-largest digital currency, Ethere­um (ETH), faces challenges in surpassing the­ $3,250 level. Meanwhile­, over the previous day, BNB and Solana have­ encountered price­ drops of approximately 1.77% and 1.90% respective­ly. Despite its prominence­, Ethereum currently struggle­s to breach a key resistance­ zone, while two other major cryptocurre­ncies experie­nce noticeable de­clines in their market valuations.

Related Reading | Bitcoin’s Price Dip Triggers Fear: Market Recovery On The Horizon?

Stripe Reboots Crypto Payments: USDC Payments Now Live

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Payment processing behemoth Stripe has renewed its crypto payments, starting with stablecoin USDC. After a long hiatus, Stripe will extend its crypto support on the Solana, Ethereum, and Polygon blockchains. The company dropped support for Bitcoin payments in 2018 due to high volatility. Unlike before, the payment startup will now directly integrate crypto payments instead of offering crypto payouts.

This is huge. Right now, more than a third of all global payments are done via Stripe. Google, Amazon, Lyft, Apple, Walmart, and Target, all use Stripe. And now crypto (specifically USDC on Ethereum, Solana, and Polygoin) will be a native payment option in the flows of all those millions of companies. This payment giant, along with PayPal, which controls most of the global payments, has now gone all in on crypto, recognizing it’s just better financial infrastructure.

According to the announcement, transactions will settle instantly on-chain and convert to fiat automatically. The company’s decision to reintroduce crypto after dropping it in 2018 has been praised by crypto supporters, who believe it is the natural progression for all payment companies. The allure of crypto will draw them back.

Stripe in 2023: $1 Trillion Volume & Massive Website Engagement

Currently, Stripe boasts over 2.84 million active websites utilizing its services, with over 100 companies individually processing more than $1 billion through the platform. In 2023, the firm exceeded $1 trillion in total payment volume, marking a 25% increase from the previous year.

Stripe
Stripe Reboots Crypto Payments: USDC Payments Now Live 8

In 2023, the firm announced crypto payouts with USDC, over the Polygon network, enabling a select group of creators on Twitter to receive crypto payments via the Stripe Connect platform. With the addition of crypto payouts, the social media platform announced options for creators to have their earnings paid out to a cryptocurrency wallet. Stripe announced it would manage all complexities and operations related to cryptocurrency at that time.

The move reflected the firm’s renewed interest in crypto, as the fintech giant began recruiting crypto talent in 2022 and raised $600 million in a fundraising round at a $95 billion valuation. The firm processed $640 billion in payments in 2021, a 60% increase from a year earlier.

Crypto Asset Adoption Soars: 39% of Canadian Institutional Investors Dive In

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Canadian institutional investors showed a significant surge in crypto asset investments in 2023, with 39% of respondents revealing direct or indirect involvement in these assets. This marks a noticeable increase from the 31% reported in 2021. Moreover, one-third of these investors allocated 10% or more of their portfolios to crypto assets, indicating a growing confidence in the sector.

The findings emerged from a comprehensive survey conducted by KPMG in Canada and the Canadian Association of Alternative Assets and Strategies (CAASA). The study targeted both financial services organizations and institutional investors operating within Canada. The results portrayed a notable uptick in crypto asset engagement across the board.

Financial services organizations exhibited a substantial expansion in crypto-related offerings. Half of the respondents stated that their organizations actively provided at least one type of digital asset service to clients, a marked increase from 41% in 2021. The most common services included trading, custody, clearing, and settlement services, and quantitative trading.

Growing Appetite For Crypto Among Institutional Investors

Institutional investors, on the other hand, showcased a growing appetite for digital assets, with 39% reporting exposure to these assets in 2023, up from 31% in the previous year. Notably, 75% of these investors held crypto assets directly, while others accessed the market through various regulated products such as exchange-traded funds (ETFs) and derivatives.

Kunal Bhasin, partner and co-leader of KPMG in Canada’s Digital Assets practice, highlighted the industry’s resilience despite recent turbulence. He attributed the crypto rally of 2023 to factors such as rising U.S. debt and increasing inflation, positioning crypto assets as alternative investment options and stores of value for institutional investors.

Kareem Sadek, Emerging Technology Risk leader at KPMG, emphasized Canada’s role in fostering a conducive regulatory environment for digital asset innovation. He noted that regulatory approvals for Bitcoin and Ethereum ETFs, alongside other supportive measures, have bolstered investor confidence in the sector.

The survey also revealed a growing trend of diversification within digital asset investments. Institutional investors employed a variety of strategies to gain exposure, including direct ownership, investment in regulated products, and participation in venture capital or hedge funds specializing in digital assets.

Experts in the industry predict that there will be more institutional adoption of cryptoassets by companies within Canada. They recommend education as priority number one; strategic planning secondly and then finally due diligence when entering this new market.

Related Reading | Bitcoin ETFs Hit Record $3.62B: BlackRock’s Mighty Streak Snapped