Institutions haven’t been spooked away by the bear market, according to megabank State Street — taking it as an opportunity to build and invest through the downturn.
Institutional investors are unfazed by the current crypto winter and have maintained their interest in blockchain and digital assets according to megabank State Street.
“During the course of the June, July period where things were really hotting up in terms of activity, we saw institutional clients not necessarily double down, but they weren’t really deterred from placing strategic bets on the asset class itself.”launched on the Cboe Australia exchange State Street is the fund administrator for the Cosmos Purpose Bitcoin Access ETF in particular, and Ahmad told the SMH that more crypto product launches are coming to Australia in the “very near future” but did not outline any specific names.