Top Trending Crypto Coins of The Day

BIGCAP COINS:

  1. Pepe: Market Cap of $4.0 Billion.
  2. Bitcoin: Market Cap of $1.2 Trillion.
  3. Toncoin: Market Cap of $23.3 Billion.

MIDCAP COINS:

  1. GameStop: Market Cap of $46.7 Million.
  2. BeFi Labs: Market Cap of $4.2 Million.
  3. Panda Swap: Market Cap of $7.4 Million.

RISING COINS:

  1. MAGA: Market Cap of $408 Million.
  2. Three Protocol Token: Market Cap of $19.8 Million.
  3. PepeFork: Market Cap of $100 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Countries and Governments that Own Bitcoin

As the leading cryptocurrency continues its journey into the world of global finance, different countries and governments are beginning to add this digital asset to their national reserves. The U.S. takes the lead, with a holding of 213,246 Bitcoins. China follows, but with an enormous 190,000 Bitcoins, showing high interest and investment in cryptocurrency against its regulatory stance.

Next in line is the United Kingdom, which has a significant involvement and holding of 61,000 Bitcoins. The government of Germany is not left out either, with a 50,000 holding of Bitcoins, which is a strategic reply to new technologies in the monetary space. Ukraine, having experienced trying times, holds 46,351 Bitcoins, possibly seeing it as a stable asset amidst economic instability.

Smaller countries have also joined the race, with El Salvador holding 5,751 Bitcoins, Bhutan with 621 Bitcoins, and Venezuela holding 240 Bitcoins. Smaller states, such as Finland and Georgia, are also holders of 90 and 66 Bitcoins, respectively. The values are a clear testimony to the varied approaches that different governments and jurisdictions take towards Bitcoin, with each country potentially seeing the digital asset as a hedge against economic instability, an investment for the future, or a way to enhance financial sovereignty.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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NEW: Coinbase to Target Australian Pension Sector for Crypto Growth

Coinbase is launching a new product to Australian self-managed pension funds, its Asia-Pacific Managing Director, John O’Loghlen, told Bloomberg. This follows up the huge rise of crypto interests in the pensions sector, with investments rising from A$197 million as of December 2019 to nearly A$1 billion ($664 million) today, says the Australian Taxation Office. The firm is to offer a dedicated platform for self-managed superannuation funds, which usually lean towards long-term investments. “Self-managed super funds might just make a single allocation, set it and forget it,” O’Loghlen said. The service is designed to ease a smooth and lasting relationship with crypto investments.

This comes at a very strategic time for crypto growth. This sector growth is being partially fueled by recent ETF approvals in the United States and the expectations of a similar position in Australia. It shows a broader tendency, a tendency to integrate cryptocurrency into traditional portfolios, promising to be more widespread through more accessible, self-managed routes.

Bloomberg

LATEST: Morgan Stanley Reveals Over $270 Million in U.S. Spot Bitcoin ETF Holdings

Morgan Stanley has disclosed U.S. spot bitcoin exchange-traded fund (ETF) holdings valued at over $270 million in its latest quarterly 13F filing with the Securities and Exchange Commission. The investment bank holds $269.9 million worth of Grayscale’s converted spot bitcoin ETF, making it the third-largest holder of GBTC shares, behind Susquehanna and Horizon Kinetics, according to Fintel data. Additionally, Morgan Stanley has a $2.3 million allocation to Ark Invest’s spot bitcoin ETF, ranking it among the top 20 ARKB holders.

13F filings, required quarterly for institutional investment managers with at least $100 million in equity assets, provide insight into their stock holdings at the end of each quarter. These reports only disclose long positions in U.S. equities and options, not short positions, offering a partial view of an investment manager’s overall strategy.

In a January note, Morgan Stanley’s Head of Digital Asset Markets, Andrew Peel, highlighted the U.S. spot bitcoin ETF launch as a “potential paradigm shift” in digital asset perception and use. Following this, a Morgan Stanley fund indicated in February that it might gain exposure to spot bitcoin ETFs. Last month, the firm set risk management requirements to potentially allow its brokers to recommend these ETFs to clients.

This disclosure underscores the growing institutional interest in spot bitcoin ETFs, with Morgan Stanley among hundreds of investors declaring such holdings in their recent 13F filings.

 13F filing