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Series focused young entrepreneurs making their mark
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Bitcoin Reaches Highest Since August Amid Second Weekend Surge
Large institutions’ involvement as custodians of digital assets is good news, but some of the regulatory gaps can only be filled by new laws.
Crypto custodians.
Andy Mukherjee
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In the annals of cryptocurrencies, 2022 will go down as the year when the industry nearly died. But then December saw the birth of a pair of exchange-traded funds in Hong Kong, offering new hope to both retail and professional investors.
Asia’s first futures ETFs for Bitcoin and Ether join a growing list of initiatives that will go some way toward ameliorating the current crisis of legitimacy facing virtual assets. A big dampener is the confusion surrounding safe custody of crypto holdings. Sam Bankman-Fried’s FTX, the most spectacular of last year’s string of crypto debacles, has brought the hapless customers of the failed Bahamas-based exchange in front of a bankruptcy judge in Delaware who’ll determine if they’re entitled to their funds ahead of other creditors.
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