# Most asset managers still in ‘education mode’ on crypto, says Fidelity

# Most asset managers still in ‘education mode’ on crypto, says Fidelity

“# Most asset managers still in ‘education mode’ on crypto, says Fidelity ” Michael Derbin, head of Fidelity Institutional, thinks that many wealth managers and financial advisors still lack the requisite in-depth knowledge when it comes to digital assets. Whereas some wealth managers are by now “sophisticated” and “comfortable” with cryptocurrencies and their underlying technology,…

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# Institutional managers hold a record B worth of crypto, according to CoinShares

# Institutional managers hold a record $57B worth of crypto, according to CoinShares

“# Institutional managers hold a record $57B worth of crypto, according to CoinShares ” Inflows into cryptocurrency investment products topped $57 billion last week, marking a new all-time high and underscoring the rapid adoption of digital assets underway among institutions.  In its weekly inflows report, digital asset manager CoinShares, said net inflows into digital asset…

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#Forget griping staffers, investors love David Solomon

#Forget griping staffers, investors love David Solomon

“#Forget griping staffers, investors love David Solomon” David Solomon would never win a popularity contest inside Goldman Sachs.  Low-level employees grouse that the chief executive makes them work around the clock through the pandemic to keep up with deal flow. White-shoe investment bankers complain that they get blasted when they miss out on business.  He…

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#Robinhood plans hiring spree for cryptocurrency operation

#Robinhood plans hiring spree for cryptocurrency operation

“#Robinhood plans hiring spree for cryptocurrency operation” Robinhood is planning to beef up its cryptocurrency staff this year amid an explosion of interest in trading digital coins, CEO Vlad Tenev said. The popular investment app has been hiring “a ton” of new staff as it works to roll out more cryptocurrency offerings — including the…

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# Germany’s financial regulator issues retail crypto investment warning

# Germany’s financial regulator issues retail crypto investment warning

“# Germany’s financial regulator issues retail crypto investment warning ” Germany’s Federal Financial Supervisory Authority, or BaFin, has warned investors about the risks involved in cryptocurrency investments. In a consumer protection alert issued on its website on Friday, the regulator offered a cautionary tale about crypto involvement on the part of retail investors. As part…

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# Bitcoin is now ‘too important to ignore’, Deutsche Bank says

# Bitcoin is now ‘too important to ignore’, Deutsche Bank says

“# Bitcoin is now ‘too important to ignore’, Deutsche Bank says ” Bitcoin’s (BTC) market capitalization of $1 trillion and potential for continued growth have made the cryptocurrency “too important to ignore,” according to Deutsche Bank analysts. Deutsche Bank Research, the financial research subsidiary of global banking giant Deutsche Bank, issued a report devoted exclusively…

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