# Institutional İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Institutional" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Zcash ETF Moves One Step Closer: Wall Street to Pack Privacy Coin into Securities Accounts for the First Time

The Grayscale Zcash Trust has filed its fifth amended registration statement with the SEC, aiming to convert into the first U.S. spot ETF directly holding a privacy coin (ticker ZCSH). Key terms include a 2.5% annual fee, Bank of NY Mellon as administrator, and Coinbase for custody and brokerage. The trust held ~388,700 ZEC (~$155M) as of June 30; its AUM surged to ~$260M by August 21, driven by ZEC's price rally from $250 to over $800. The ETF represents a major identity shift for Zcash, a coin previously delisted by many exchanges and flagged by regulators for its anonymity. However, the ETF strips away Zcash's core privacy feature. To ensure compliance, all trust-held ZEC will be stored in transparent addresses, making transactions auditable and traceable. Zcash's optional privacy—unlike Monero's mandatory privacy—is the key compromise enabling this Wall Street entry. Market pricing reflects aggressive optimism for institutional access, but challenges remain. Only ~22% of circulating ZEC is in shielded pools; if ETF demand siphons transparent coins, Zcash's privacy narrative weakens. Competition from programmable privacy on Ethereum L2s could also dilute its value proposition. With prices already up over 200% in four months, the rally may have prematurely priced in the ETF approval, leaving limited safety margin. Grayscale's move highlights traditional finance's capacity to repackage regulatory-edge assets into compliant products, raising questions about the future boundaries of crypto ETF adoption.

marsbit2 saat önce

Zcash ETF Moves One Step Closer: Wall Street to Pack Privacy Coin into Securities Accounts for the First Time

marsbit2 saat önce

Nomura Subsidiary Becomes First Company in Four Years to Receive Cryptocurrency Exchange Management License in Japan

Nomura's subsidiary, Laser Digital Japan, has become the first company in four years to obtain a license to operate a cryptocurrency exchange in Japan, as announced on August 21. The firm, part of Nomura's digital asset business, is now registered with Japan's Kanto Financial Bureau. The license marks a significant regulatory milestone, ending a four-year drought in new crypto exchange approvals in Japan. This enables institutional investors in the country to access a Nomura-backed platform for digital asset trading. The company has also joined the Japan Virtual and Crypto assets Exchange Association (JVCEA). This development follows recent legislative changes where Japan's parliament voted to move crypto regulation from the Payment Services Act to the Financial Instruments and Exchange Act, including a planned reduction in the maximum crypto tax rate from 55% to 20%, effective from January 2028. Laser Digital Japan, led by former Nomura executive Hideaki Kudo, will initially focus on providing liquidity to domestic crypto service providers, with institutional trading access to follow. A 2026 survey by Nomura and Laser Digital indicated strong institutional interest, with 65% of respondents viewing crypto as a portfolio diversification tool and 79% planning to invest within three years. Laser Digital, established as a separate entity by Nomura in 2022, has also gained regulatory approvals in Abu Dhabi, Dubai, and received conditional approval for a U.S. national trust bank license from the OCC in May 2026.

cryptonews.ru2 gün önce 19:15

Nomura Subsidiary Becomes First Company in Four Years to Receive Cryptocurrency Exchange Management License in Japan

cryptonews.ru2 gün önce 19:15

Institutions Have Already Bought the Dip: Is Bitcoin at $70,000 the Start of a Bull Run or a Local Top?

Institutional Investors Piled into Bitcoin Ahead of Rally: Is $70K a New Bull Market Start or Local Top? Bitcoin surged past $70,000 following pro-crypto remarks from former U.S. President Donald Trump on August 20. However, institutional investors had been accumulating exposure in Q2 2026, even as the price fell. 13F filings reveal that while total Bitcoin ETF holdings declined, institutional holdings increased by 7.5%, reaching a record 44.2% share of ETF assets. Key institutional moves include Jane Street increasing its Bitcoin ETF and MicroStrategy (MSTR) exposure by over $800 million, BlackRock adding ~$290 million in Bitcoin-related holdings (MSTR, its own IBIT ETF, and ASST), and JPMorgan boosting its IBIT position by $85.6 million. UBS significantly increased its call option exposure on IBIT. Notably, Paul Tudor Jones's fund reversed a multi-quarter selling trend to add IBIT shares. Market opinions are divided post-rally. The "bear market over" camp includes F2Pool's co-founder declaring the bear market ended, Strive's CEO citing a favorable macro backdrop for Bitcoin, and Standard Chartered targeting $100,000 by year-end. Conversely, the "not yet bottomed" camp includes CZ stating the super cycle hasn't arrived, CryptoQuant analysts warning of elevated retail demand often preceding local tops, and analysis from VanEck and Glassnode suggesting on-chain data shows a prolonged "capitulation phase" is still unfolding, indicating current price strength may be a relief rally rather than a definitive trend reversal.

Odaily星球日报08/20 11:51

Institutions Have Already Bought the Dip: Is Bitcoin at $70,000 the Start of a Bull Run or a Local Top?

Odaily星球日报08/20 11:51

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