Institutional Investors Trigger Crypto ETP Frenzy – Bitcoin, Ripple and XRP, Ethereum, Tron, Litecoin, Bitcoin Cash, and Stellar News Flash
From an institutional crypto craze to a big update on the Tron network, here’s a look at some of the stories breaking in the world of crypto.
Bitcoin, XRP, Ethereum, Bitcoin Cash, Litecoin
Institutional traders are in a frenzy over the new crypto ETP that launched on Switzerland’s SIX Exchange last week.
As reported by The Block, the Amun Crypto Basket Index (HODL) now has the highest volume of any exchange-traded product trading on the venue. Its turnover is at about $425,000 a day, more than silver, crude oil and gold.
The index has nearly half of its assets invested in Bitcoin, with the remaining half comprised of XRP, Ethereum and Litecoin.
Stellar
Crypto exchange Coindelta just listed Stellar (XLM).
The India-based exchange says deposits and withdrawals are enabled, and the coin can be bought with the Indian rupee.
** New Listing on Coindelta **
Knock knock! Announcing the listing of Stellar (XLM) on Coindelta.
Deposits and Withdrawals are live now and the trading will start at 06:00 PM IST, 26/11/18. 😉Details: https://t.co/b1ccJkGnIq#stellar @StellarOrg pic.twitter.com/NuKji0aTDc
— Coindelta (@coindelta_) November 26, 2018
Ripple
A Ripple-backed venture just closed its Series A round of funding, raising more than $12 million.
Securitize aims to transform the securities industry by leveraging blockchain technology to tokenize private and public shares on the New York Stock Exchange or Nasdaq.
Ripple’s Xpring investment fund contributed an unknown amount to the project, along with Coinbase Ventures.
Tron
Tron just released a new update on DApp development, and says more than 20 decentralized apps are now up and running on the Tron network.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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