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ARK Invest’s latest report heralds Bitcoin as a dominant force in the investment world, advocating for a substantial 19.4% portfolio allocation.  The firm’s comprehensive Analysis , detailed in its “Big Ideas 2024” report published on Jan. 31, highlights Bitcoin’s (BTC) impressive performance and potential future growth catalyzed by several key factors. Central to ARK’s assessment is Bitcoin’s remarkable return rate. Over the past seven years, Bitcoin has yielded an average annual return of around 44%, starkly outperforming other major asset classes, averaging a return of 5.7%. This exceptional performance is a pivotal reason behind ARK’s recommendation to allocate 19.4% of an investment portfolio to Bitcoin, a substantial increase from a mere 0.5% allocation observed in 2015. Bitcoin’s resilience during market fluctuations is also a focal point in ARK’s report. The flagship cryptocurrency demonstrated notable growth, par...

Crypto 1’s C1 Fund targets Australian crypto firms like Animoca Brands and Chainalysis for discounted secondary share acquisitions in a shifting market landscape. Through the $500 million fund, Crypto 1 seeks to buy private holdings at substantial discounts, ranging from 50% to 80% below previous valuations. The C1 Fund, established by former Coinbase lawyers and investors, focuses on firms valued at a minimum of $300 million in their last funding round, particularly those at or beyond the series C stage. Investments are anticipated to range between $20 million and $50 million. The strategy emerges from what the fund perceives as attractive valuations in the digital assets market, a result of current market dynamics, including hyperinflation and rising interest rates. You might also like: North America leads in crypto usage trend, Chainalysis says Among the fund’s targets is Hong Kong-based Animoca Brands, which was delisted from the Australian Securities Exc...

Last week, the inflow of investment products into digital assets reached $176 million, the most significant number since October 2021. This marked the 10th consecutive week of inflows totaling $1.76 billion, or 4% of assets under management (AuM), according to a CoinShares report. The inflow of assets into crypto funds was the largest since October 2021, when a crypto futures ETF was launched in the United States. Crypto assets inflow | Source: CoinShares Additionally, total AuM is up 107% this year, but at $46.2 billion, it remains well below the all-time high of $86.6 billion seen in 2021, according to analysts. ETP trading volumes remain high at $2.6 billion weekly, representing 12% of total Bitcoin (BTC) volume. Bitcoin was the main beneficiary, receiving inflow s of $133 million, although short Bitcoin, after three weeks of outflows, saw inflow s of $3.6 million last week. You might also like: ‘Rich Dad Poor Dad’ author reiterates Bitcoin investment Ethere...

Crypto investment products hit 9-week high of inflows. Total inflows for week up to November 24 was $346 million, with $312 million in Bitcoin-related ETP products. Ethereum saw $34 million of inflows amid a turnaround in sentiment. Crypto investment products recorded $346 million in inflows for the week ending November 24, according to a weekly report by digital assets management firm CoinShares. The report highlights last week’s inflows into crypto exchange-traded products as the “highest total observed in the past 9 weeks of inflows,” CoinShares head of research James Butterfill noted.  According to the Analysis , crypto products are on a run of inflows that’s now the biggest since the last bull market. Positive net inflows are likely to continue given the sentiment around the potential approval of a spot-based ETF in the US. Bitcoin ETPs record $312 million in inflows As total crypto ETPs inflows hit $346 million, the...

Brooklyn federal court charged a former investment banker for allegedly taking investors’ money under the pretext of making profitable crypto investments. The federal court in Brooklyn, New York, charged a former investment banker and registered broker for alleged ly defraud ing numerous investors by promising profits on fake crypto currency Investments and misappropriating the funds received to finance his lifestyle.  Documents with the court claim the defendant, Rashawn Russell, misused the growing interest in crypto investments to mislead investors. Russell convinced multiple investors to reinvest their fiat savings into cryptocurrencies, often promising significant or “guaranteed” returns. However, it is alleged that Russell misappropriated the investors’ money to fund his personal lifestyle. Breon Peace, United States attorney for the Eastern District of New York, revealed the court’s intent to pursue the case against the former banker : “As alleged, Russell turned the demand...