After a technical change in guidance on Jan. 5, Bank of America advisers publicly endorsed Bitcoin, marking a notable mainstream shift — but the recommended allocation is very small and left some investors underwhelmed.
Bank of America is advising clients to consider holding up to 4% of portfolios in digital assets, reflecting growing Wall Street institutional acceptance. The guidance signals a cautious, strategic embrace of crypto rather than a full endorsement.
Intercontinental Exchange (ICE), owner of the NYSE, is reportedly in talks to invest in crypto payments firm MoonPay in a funding round valuing the startup at about $5 billion, Bloomberg reports. Negotiations are ongoing and terms have not been disclosed.
A VivoPower joint venture will seek $300 million in Ripple Labs equity from institutional and qualified retail investors in South Korea, a move that would bring combined XRP exposure close to $1 billion.
India's regulator has approved Coinbase's purchase of a stake in local exchange CoinDCX after the company announced the investment in October. The amount remains undisclosed but the sign-off removes a major obstacle for Coinbase's India expansion.
In November, Wall Street investors put $500 million into Ripple, lifting its valuation to $40 billion and marking a major institutional vote of confidence. The investment includes sell-back rights with predetermined returns and priority claims for investors in a sale or insolvency.
BlackRock disclosed a $28.7 million purchase of ETH, joining peers like BitMine in a fresh institutional accumulation trend. The move highlights growing confidence in Ethereum as a diversified institutional asset and could tighten liquid supply.
Reports say Christopher Harborne has donated $12 million to the UK Reform Party; he is also reported to hold investments in Tether and Bitfinex. The move highlights growing links between crypto capital and UK political funding.
Twenty One will begin trading on the New York Stock Exchange on Dec. 9, offering public equity exposure to bitcoin through capital-efficient accumulation and services across the broader Bitcoin ecosystem.
An accumulator strategy warned it could draw on bitcoin reserves to preserve dividend payments if its share price falls toward net asset value. Such a sale would be rare and could add short-term selling pressure on BTC.