1. Institutional Capital Inflows Strong, Digital Asset Investment Products (ETP)
Last week, global net inflows reached $716 million, pushing total assets under management to $180 billion. The capital mainly flowed into the markets of the United States, Germany, and Canada, with Bitcoin products attracting $352 million.
2. Harvard Fund Significantly Increases Bitcoin Investment
Harvard University Endowment Fund expanded its position in the iShares Bitcoin Trust by 257% in the third quarter, reaching a market value of $442.8 million by the end of September, making it the largest single position in the fund's portfolio. This move is interpreted by the market as a typical 'currency devaluation trade.'
3. Bitcoin price rebounds, market sentiment shifts
The price of Bitcoin rebounded today, with the CME Bitcoin futures main contract reported at $91405, up 2.01% from last Friday. Analysts point out that market bearish sentiment has weakened, and December may become a turning point for the recent cryptocurrency market, with a high probability of significant increases.
4. BRICS countries launch gold-backed digital currency prototype The BRICS group has introduced a working prototype of a trade currency called 'Unit' that is backed by gold. Its value is supported by a reserve basket containing 40% physical gold and 60% BRICS currencies. This is seen as a direct step towards de-dollarization.
5. Major trading platforms expand global business
Binance announced that it has obtained an operating license from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market, becoming the world's first cryptocurrency exchange to receive this license. Meanwhile, Robinhood announced its formal entry into the Indonesian market through acquisition.
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