The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

Pimco Announces Foray into Crypto Sphere

by Miki 10/21/2021
by Miki 10/21/2021 0 comment

Pimco would not be the first institution to take this bold step. Earlier, companies like PayPal and Fidelity had made similar crypto moves.

There are projections that the crypto economy would be seeing growing interest in institutional investors as the sector keeps evolving. This is not false, as Pimco, a fixed-income giant, revealed its plans to go all in crypto by increasing its exposure to digital assets, especially those ones that are full of potentials to disrupt the financial industry.

In an interview with CNBC, Pimco chief investment officer Daniel Ivascyn said that the company plans to go deeper into crypto to follow the trend.

“Now we’re looking at potentially trading certain cryptocurrencies as part of our trend-following strategies or quant-oriented strategies, then doing more work on the fundamental side,” said he.

Per the interview, the decision would materialize gradually as they would need to do proper consultations with investors. “So this will be a gradual process where we spent a lot of time on the internal diligence side speaking to investors. And we’ll take baby steps in an area that’s rapidly growing,” added he.

Although, Ivascyn said the $2.2 trillion asset manager’s hedge fund portfolios are one-way trading crypto-linked securities.

“We’re trading from a relative value perspective. So we’re not taking directional exposure, but we’re looking to take advantage of mispricings between the cash product, popular trust that trades on the exchange, and then the futures. So that was a starting point for us in a very narrow segment of our business,” noted he.

This news came on Wednesday, shortly after the flagship crypto asset, Bitcoin, and the second-largest crypto asset, Ethereum, saw their value surge to over $67,000 and $4100. Interestingly, this surge in value also coincided with when the total market cap of all crypto assets hit a new all-time high of above $2.6 trillion

Pimco would not be the first institution to take this bold step; before it, companies like PayPal and Fidelity had made similar crypto moves. The likes of Square and MicroStrategy have made more courageous steps by adding crypto balance sheets into Bitcoin. Morgan Stanley is not left out among institutions in its class; it became the first bank to offer Bitcoin funds exposure to its clients before Goldman Sachs followed suit.

It is worth adding that their involvement in crypto would still not be the end, as there are expectations that the sector would continue to see increasing entries from more institutional investors. So far in 2021, the industries have received several institutions, indicating the growing mainstream acceptance of cryptocurrencies.

Pimco, founded in 1971, is one of the oldest and largest asset managers on active fixed-income securities. As of December 31, 2020, the total asset under its management was valued at $2.2 trillion.

next Altcoin News, , Cryptocurrency news, News

Thank you!

You have successfully joined our subscriber list.

Source link

Views: 0
AnnouncesCryptoForayPimcoSphere
Share
0
FacebookTwitterPinterestEmail
previous post
Binance NFT marketplace expands to add multi-chain support for Ethereum
next post
How to Start Trading Cryptocurrency

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • After witnessing a 390% rally, OMG needs this to keep up its performance

  • Will BTC Repeat 2017’s Bull Run History If the U.S. SEC Approves Bitcoin ETF?

  • Bitcoin, Cardano Price Analysis: September 21, 2021

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$28,586.00-3.06%
  • ethereumEthereum(ETH)$1,736.86-5.36%
  • tetherTether(USDT)$1.000.20%
  • usd-coinUSD Coin(USDC)$1.00-0.11%
  • binancecoinBNB(BNB)$298.89-3.60%
  • rippleXRP(XRP)$0.380944-3.19%
  • Binance USDBinance USD(BUSD)$1.000.07%
  • cardanoCardano(ADA)$0.452899-6.56%
  • SolanaSolana(SOL)$41.11-7.47%
  • dogecoinDogecoin(DOGE)$0.0801871.69%
  • polkadotPolkadot(DOT)$9.13-0.82%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$28,586.00-3.24%
  • tronTRON(TRX)$0.078988-4.97%
  • Lido Staked EtherLido Staked Ether(STETH)$1,698.55-5.40%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.000.19%
  • AvalancheAvalanche(AVAX)$21.74-10.62%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • Shiba InuShiba Inu(SHIB)$0.000010-3.38%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.870.13%
  • litecoinLitecoin(LTC)$61.63-3.91%
  • CronosCronos(CRO)$0.166870-3.86%
  • HederaHedera(HBAR)$0.389473-3.44%
  • matic-networkPolygon(MATIC)$0.57-5.14%
  • RareRare(RARE)$0.0461220.00%
  • FTX TokenFTX Token(FTT)$26.43-5.20%
  • bitcoin-cashBitcoin Cash(BCH)$174.07-5.48%
  • NEAR ProtocolNEAR Protocol(NEAR)$4.71-9.67%
  • moneroMonero(XMR)$177.80-6.92%