Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Crypto Trading
  • Cryptocurrency
  • News

Institutional Investors in UAE Embrace Exposure to Crypto Assets

Alicia Maher July 24, 2021 3 min read

Institutional investors in the UAE have their eyes set on crypto assets, according to a survey. The survey revealed that these UAE big players want to gain more exposure to cryptocurrencies by 2023. This adds up to the burgeoning number of institutional investors already making forays into the crypto space and opening large positions.

The said survey was conducted on various UAE firms by London-based Nickel Digital Asset Management, and findings indicated the favorable disposition of big players in the United Arab Emirates (UAE) towards cryptocurrency assets. As revealed by the firm, the market correction has not affected the interest of institutional investors. Instead, their appetite for this asset class has been expanding. The firm also noted that adoption is also becoming vast in the Middle East region. 


trade now

Global Institutional Investors Pick Interest in Crypto Assets, ARK Investments Leads the Pack 

However, this interest is of a global nature as similar findings are being noted in other regions, especially the US. Major highlights in the US have been Ark Investments and Rothschild Investments, who have both opened positions heavily on Grayscale Bitcoin Trust. On its part, Cathie Wood-owned ARK Investments topped up its initial holdings on GBTC with additional 310,067 shares purchased at $25 per share and amounting to a total of $7.8 million. Initially, it purchased over a million shares.

Rather than scaring them off, the market correction seems to be what has been attracting these investors as they keep buying Bitcoin at a discount. Rothschild Investments took advantage of a price correction to the depths of $30k to purchase over 100,000 shares of GBTC bringing its total shares in the Trust to 141,405 from an initial 38,346 back in March. Reports also revealed that Rothschild purchased Grayscale’s Ethereum Trust (ETHE) as well.

UAE Yet to Establish Crypto Regulations 

As the adoption of crypto in the UAE flourishes, regulators in the country are yet to come up with an all-encompassing regulations on cryptocurrencies. Although this has not affected the growing adoption by any means, investors have been reportedly approaching the space with extreme caution. The major factor responsible for the influx of UAE investors into the crypto space is the capital gains.

Meanwhile, the DeFi rave has attracted the attention of institutional investors as they make their way into the unregulated space. Grayscale recently established a Fund for decentralized finance products, including a multicap Large Fund. 

In terms of institutional investments in crypto assets, Grayscale has been leading the way. The asset management firm has decided to expand its portfolio by turning its Bitcoin Trust to an ETF; the only hindrance is the US SEC which does not seem willing to assent to an ETF this year. The crypto market is yet to respond as expected to these purchases, notwithstanding, the coming months are definitely fruitful.

 

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: Abkhazia Talking with Russia to Ensure Electricity Supply for Crypto Miners
Next: Bitcoin: Bullish Scenarios Awaits if Vital Supports Holds 

Related Stories

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • News

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies

March 22, 2023
Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade
3 min read
  • Altcoins
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News

Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade

March 21, 2023
What are the Different Types of Orders? A Beginner’s Guide
4 min read
  • Crypto Trading
  • Cryptocurrency
  • Guide

What are the Different Types of Orders? A Beginner’s Guide

March 21, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,327.00
0.62%
ethereum
Ethereum (ETH)
$1,809.11
2.57%
tether
Tether (USDT)
$1.01
-0.16%
binancecoin
BNB (BNB)
$337.58
-0.14%
usd-coin
USD Coin (USDC)
$1.00
-0.13%
ripple
XRP (XRP)
$0.469582
21.62%
cardano
Cardano (ADA)
$0.377160
9.68%
dogecoin
Dogecoin (DOGE)
$0.076807
5.52%
binance-usd
Binance USD (BUSD)
$1.00
-0.23%
polkadot
Polkadot (DOT)
$6.36
2.44%

Recent Posts

  • Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies
  • Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade
  • What are the Different Types of Orders? A Beginner’s Guide
  • Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
  • Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
  • Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
  • 3 Ways To Get NFTs Without Paying for Them
  • Crypto Proponents Start to Consider Bitcoin as an Alternative to Traditional Banks
  • Cardano Founder Charles Hoskinson Says Crypto Industry should Differentiate Itself from Unstable Banking Sector
  • Sandbox Ready To Launch New Product, Partner With Havas Play, and Promises New Experience
  • Binance to Convert $1 Billion Worth of Binance USD (BUSD) into Bitcoin, Ethereum and other Tokens
  • Blockchain Association Requests Files on Crypto ‘de-banking’ Issues From OCC, FDIC, & Fed Reserve
  • U.S Investment Company Ark Invest, Raises $16M For New Cryptocurrency Fund
  • International Payment Operator Swift Successfully Completes CBDC Pilot Test
  • Signature Bank Accused of Money Laundering, Evidence Emerges

Categories

You may have missed

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies
2 min read
  • Bitcoin (BTC)
  • Blockchain
  • Cryptocurrency
  • News

Bitcoin Promises to Hit $1 Million with the Help of Central Bank Policies

March 22, 2023
Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade
3 min read
  • Altcoins
  • Blockchain
  • Cryptocurrency
  • Ethereum (ETH)
  • News

Ethereum Developers have Made All Necessary Arrangements for the Launch of Shapella Upgrade

March 21, 2023
What are the Different Types of Orders? A Beginner’s Guide
4 min read
  • Crypto Trading
  • Cryptocurrency
  • Guide

What are the Different Types of Orders? A Beginner’s Guide

March 21, 2023
Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
2 min read
  • Bitcoin (BTC)
  • ETF (Exchange Traded Fund)
  • News

Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors

March 21, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%