# Сопутствующие статьи по теме Institutional

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Institutional", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Dialogue with Bitwise: Institutions See the Current Moment as a Good Entry Point for Bitcoin, Requiring a Clear Roadmap to Address Quantum Attacks

Bitwise CIO Matt Hougan and research lead Ryan Rasmussen discuss key catalysts that could drive Bitcoin to $95,000 by 2026. They highlight three main factors: improved macro and geopolitical stability, clearer regulatory frameworks (including the potential passage of the Clarity Act), and strong institutional demand—evidenced by over $1 billion in Bitcoin ETF inflows despite recent market uncertainty. A significant point of discussion is the rising concern around quantum computing threats to Bitcoin. Matt emphasizes the need for a clear mitigation roadmap to reassure long-term investors, particularly the "OG" crypto community, whose confidence has been affected. Both note that institutional investors view current prices as an attractive entry point and are making strategic long-term investments. The conversation also covers structural shifts in crypto, such as the growing institutional adoption of vaults (a more efficient form of asset management than ETFs), tokenization, and stablecoins. They observe a disconnect between crypto-native traders, who are emotionally reactive to price swings, and institutional or AI-focused builders, who are optimistic about blockchain’s foundational technology. Finally, they discuss the emerging importance of prediction markets (e.g., Polymarket and Kalshi), which provide more accurate real-time economic forecasts than traditional sources and offer new tools for portfolio hedging and risk management.

marsbit04/10 07:45

Dialogue with Bitwise: Institutions See the Current Moment as a Good Entry Point for Bitcoin, Requiring a Clear Roadmap to Address Quantum Attacks

marsbit04/10 07:45

Crypto Enters the Investment Era: Institutional Entry Reshapes Capital Structure, Revenue and Value Return Become Core Metrics

Cryptocurrency is transitioning from a speculative era dominated by memecoins and "pump-and-dump" schemes to an investment-focused phase driven by institutional adoption and real revenue generation. By 2026, tokens without sustainable income or value accrual mechanisms will struggle, while protocols with proven revenue, strong tokenomics, and holder rewards will dominate. Key metrics like Price-to-Sales (P/S) ratios and annualized holder yield are becoming critical for evaluation. Major institutions (e.g., NYSE, BlackRock) are leveraging blockchain for faster settlements and tokenized assets, accelerating DeFi adoption. However, concentration risk is high: only ~3.5% of protocols generate significant revenue, and the top players often capture most market share. The future may see AI-driven "agent finance" further consolidating activity into high-utility, revenue-generating protocols, leaving others obsolete.

marsbit04/10 03:26

Crypto Enters the Investment Era: Institutional Entry Reshapes Capital Structure, Revenue and Value Return Become Core Metrics

marsbit04/10 03:26

Tok-Edge Debuts ‘Redemption Token’ to Power $21M Crypto Fund Launch

Tok-Edge has introduced the "Redemption Token," a new cryptocurrency class designed to facilitate its $21 million crypto fund launch. The token enables investors to redeem fund shares at net asset value while allowing permissionless trading on public blockchains like Ethereum. The fund, targeting institutional investors, will implement an actively managed strategy across DeFi and liquid crypto assets. Tok-Edge, valued at $15 million, is backed by investors including Marcus Meijer and features an executive team with extensive traditional and crypto finance experience. The Redemption Token model merges blockchain advantages with regulated fund structures, aiming to expand institutional participation in digital asset markets.

TheNewsCrypto04/09 20:36

Tok-Edge Debuts ‘Redemption Token’ to Power $21M Crypto Fund Launch

TheNewsCrypto04/09 20:36

Morgan Stanley launches Bitcoin ETF with $30mln inflows – Details

Morgan Stanley launched its Bitcoin ETF (MSBT) on April 8, becoming the first major Wall Street bank to do so. The fund recorded $30.6 million in first-day inflows, a relatively modest amount compared to earlier spot Bitcoin ETF debuts from firms like Bitwise and Fidelity. However, MSBT distinguishes itself with a competitive expense ratio of 14 basis points, making it one of the cheapest available. The launch reflects growing institutional acceptance of Bitcoin, particularly among high-net-worth clients. It occurred amid a period of market volatility, with Bitcoin trading above $71,000 despite broader fluctuations. The move signals traditional finance's increasing conviction in crypto as a lasting asset class.

ambcrypto04/09 16:39

Morgan Stanley launches Bitcoin ETF with $30mln inflows – Details

ambcrypto04/09 16:39

Pharos Network Completes $44 Million Series A Funding, Total Funding Reaches $52 Million, Accelerating the Scalable Development of the On-Chain Economy

Pharos Network, a Layer 1 blockchain designed for institutional financial applications, has raised $44 million in Series A funding, bringing its total funding to $52 million. The round was co-led by undisclosed major institutions, including a top Asian private equity fund, a listed new energy company, and a licensed Hong Kong institution. Other strategic investors include Sumitomo Corporation (via a subsidiary), SNZ, Chainlink, and Flow Traders. The funds will accelerate the development of its on-chain real-world asset (RWA) infrastructure in Asia and globally. Pharos aims to integrate $50 trillion in RWA, traditional finance (TradFi), and cross-chain capital into a modular on-chain economy. The network uses a deeply parallel execution architecture with built-in compliance modules tailored for real-time, asset-backed financial applications. The company recently partnered with energy giant GCL to launch an RWA pilot project backed by energy assets. Its Atlantic Ocean testnet is already operational, supporting millions of users and hundreds of millions of addresses, demonstrating its capacity for high-frequency, high-value asset transfers in preparation for mainnet launch. Pharos was co-founded by ex-Ant Group core management, including CEO Wish Wu, and previously raised an $8 million seed round in November 2024.

marsbit04/08 12:21

Pharos Network Completes $44 Million Series A Funding, Total Funding Reaches $52 Million, Accelerating the Scalable Development of the On-Chain Economy

marsbit04/08 12:21

Morgan Stanley Bitcoin ETF to Launch Tomorrow, Recommends Clients Allocate Up to 4% to Crypto Assets

Morgan Stanley is set to launch its own spot Bitcoin ETF (ticker: MSBT) on NYSE Arca on April 8, making it the first major U.S. bank to directly issue such a product. With an annual management fee of 0.14%, it becomes the lowest-cost Bitcoin ETF on the market. The fund will hold Bitcoin directly and track the CoinDesk Bitcoin price index. The bank’s vast network of approximately 16,000 financial advisors, who manage around $6.2 trillion in client assets, can begin recommending the ETF immediately upon launch. Morgan Stanley’s Global Investment Committee has already advised clients to allocate up to 4% of their portfolios to crypto assets. Analysts suggest this distribution capability could unlock substantial institutional and advisory-driven capital into Bitcoin. Beyond Bitcoin, Morgan Stanley is building a broader crypto infrastructure, having also filed for Solana and staked Ethereum ETFs, applied for a national trust bank charter, and plans to offer direct crypto trading via E*Trade in 2026. The move is seen as a significant step in the institutional adoption of Bitcoin and a shift in traditional finance’s approach to cryptocurrency.

marsbit04/08 11:39

Morgan Stanley Bitcoin ETF to Launch Tomorrow, Recommends Clients Allocate Up to 4% to Crypto Assets

marsbit04/08 11:39

Morgan Stanley’s Bitcoin ETF $MBST set to go live – Details

Morgan Stanley, with $6.2 trillion in assets, is launching its Bitcoin ETF, the Morgan Stanley Bitcoin Trust ($MBST), effective April 8th, 2026. This makes it the first traditional bank to offer a Bitcoin ETF, featuring a competitive annual fee of 0.14%, significantly lower than BlackRock's iShares Bitcoin Trust (IBIT) at 0.25%. The launch is part of a broader crypto push by the bank, which includes filings for Spot Solana ETFs and plans to enable crypto trading on E*Trade. This move reflects a shift in sentiment among traditional financial giants, who are recognizing the long-term value of crypto. The article notes that despite a recent $159.1 million outflow from Bitcoin ETFs, massive inflows were recorded just days prior, and the MSBT has the potential to challenge MicroStrategy's significant institutional Bitcoin holdings.

ambcrypto04/08 11:03

Morgan Stanley’s Bitcoin ETF $MBST set to go live – Details

ambcrypto04/08 11:03

Michael Saylor Says Bitcoin 4-Year Cycle Is Over, But This Is A Good Thing For Price

Michael Saylor, founder of MicroStrategy, declares Bitcoin's traditional four-year halving cycle is over, viewing it as a positive development for its price. He argues Bitcoin has achieved global acceptance as a form of digital capital, and its price will now be driven by institutional capital flows rather than cyclical patterns. Saylor believes future growth will be fueled by traditional bank credit and digital lending, which could lead to more stable appreciation. He warns the main risk is harmful changes to the Bitcoin protocol. In response, critic Peter Schiff disputes the consensus on Bitcoin's status, agreeing that capital flows dictate price but warning that outflows will drive it significantly lower, highlighting his continued skepticism of Bitcoin's long-term value.

bitcoinist04/08 02:01

Michael Saylor Says Bitcoin 4-Year Cycle Is Over, But This Is A Good Thing For Price

bitcoinist04/08 02:01

Chaos Labs Exits, Who Will Take Over Aave's Risk?

Chaos Labs, the core risk management provider for Aave V2 and V3 markets, has announced its decision to terminate its partnership with Aave. Despite Aave Labs increasing the budget to $5 million to retain them, Chaos Labs chose to leave due to fundamental disagreements on how risk should be managed. Key reasons for the departure include: the loss of core Aave contributors increasing operational risk, the expanded scope and complexity introduced by Aave V4 (which requires rebuilding risk infrastructure from scratch), and the fact that Chaos Labs operated at a financial loss even with increased budgets. They estimate that proper risk management for both V3 and V4 should cost at least $8 million annually (≈5.6% of protocol revenue), closer to traditional banking standards, rather than the previous 2%. Chaos Labs emphasized that Aave’s reputation and institutional adoption rely heavily on its risk management track record. They also highlighted unquantified costs like legal liability and operational security risks. The exit occurs as Aave plans its V4 upgrade and expands into institutional markets. Chaos Labs warns that migrating to V4 while maintaining V3 will double, not halve, the workload, and that accumulated operational experience cannot be easily transferred. The decision reflects a principled stance: Chaos Labs only attaches its name to work that meets its high-risk standards, even at significant financial sacrifice.

marsbit04/07 03:36

Chaos Labs Exits, Who Will Take Over Aave's Risk?

marsbit04/07 03:36

Data Research: How Big Is the Liquidity Gap Between Hyperliquid and CME Crude Oil?

This analysis compares the liquidity and market structure of Hyperliquid's xyz:CL perpetual crude oil contract with CME's CLJ6 futures contract over a three-week period from late February to mid-March 2026. Key findings reveal a significant liquidity gap: Hyperliquid's average depth is less than 1% of CME's, with a 125x difference at the ±2 bps level. The median trade size on Hyperliquid ($543) is 166x smaller than on CME ($90,450), reflecting its crypto-native retail user base. For a $1M order, estimated slippage on Hyperliquid (15.4 bps) is approximately 20x higher than on CME (0.79 bps), indicating it currently lacks the capacity for institutional-sized orders. However, a notable trend emerged during weekends when CME is closed. Hyperliquid's weekend trading volume grew significantly over the three observed weekends, from $31M to over $1B, and the average trade size increased, suggesting use by traders seeking exposure or hedging ahead of Monday's open. While an initial "discovery boundary" mechanism limited price discovery on the first weekend, subsequent weekends showed Hyperliquid's price increasingly converged with CME's Monday opening price, demonstrating its evolving price discovery capabilities. The report concludes that while Hyperliquid's absolute liquidity metrics are not comparable to CME, its growing weekend activity shows promise. However, high transaction costs for large orders remain a major barrier to attracting institutional participants.

Odaily星球日报04/06 02:50

Data Research: How Big Is the Liquidity Gap Between Hyperliquid and CME Crude Oil?