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Survey Shows Crypto Investments Set to Soar in 2024!
84% of survey participants believe private investment in crypto will rise over the next 12 months.
Danielle du Toit
August 07, 2024
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US Private Investors Predicts Surge in Crypto Investments in 2024 - Report
Nasdaq Seeks Approvals for Ethereum ETF Options Trading
Jump Trading Under CFTC Scrutiny Amid $480M ETH Sell-Off
Semler Scientific Embraces Bitcoin as Treasury Strategy
A survey from law firm Barnes & Thornburg revealed that 84% of participants believe private investment in crypto will rise over the next 12 months.
United States private investors are foreseeing a surge in crypto investment in the coming months, and more than half of the survey participants plan on incorporating digital assets into their portfolios.
Among the 26% of investors who are less likely to invest in crypto, the main concerns are market volatility (46%), fraud (43%), and platform collapses (43%).
The survey included 138 participants from private equity, venture capital, hedge fund, and investment banking firms across various industries in the United States.
Nasdaq’s options exchange has asked permission from U.S. regulators to allow options trading on spot Ethereum ETFs.
The proposed rule change will apply exclusively to BlackRock’s iShares Ethereum Trust (ETHA), which is the only Ethereum ETF listed on Nasdaq’s electronic exchange.
The SEC has not yet authorized options trading on spot Bitcoin ETFs after asking for more time to decide on requests from six options exchanges in June.
This filing is a big step towards the broader acceptance of ETH ETFs, which were listed in July and have since attracted about $1.5 billion in net inflows.
Digital asset trading group QCP has linked Jump Trading to the current market crash.
Jump Trading's crypto division has transferred and sold over $377 million worth of Wrapped Lido Staked ETH (wstETH) since July 24, coinciding with a decline in Ether’s price.
Now, the firm is currently under investigation by the US Commodities and Futures Trading Commission (CFTC).
Ethereum has shown some resilience after the market downturn as the altcoin was worth about $2,546.96 at press time after its price managed to climb by 3.15% in the last 24 hours.
The medical device manufacturer has converted a large portion of its cash holdings into Bitcoin, with plans to acquire even more in the near future.
Semler Scientific's decision to adopt Bitcoin was heavily influenced by MicroStrategy's strategy under CEO Michael Saylor, who allocated a portion of the company's reserves to Bitcoin.
The company has bought 929 BTC, totaling close to $63 million, at an average price of just under $68,000 per Bitcoin.
CEO Eric Semler began his Bitcoin journey even before the company's adoption, as he started personal investments in Bitcoin in 2016.
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