Volatility and venture capital is bringing institutional interest - TheBit

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Volatility and venture capital is bringing institutional interest



ETHOS is *not* my ethos

 

The Bit

Ethos has come down to +50% from +400% on last week’s price,  displaying the volatility everyone talks about regarding cryptocurrencies.

 

The Bigger Picture

This isn’t just some random thing though. Ethos (ETHOS) initial steady rise came from the launch of their mobile wallet app. Ethos specializes in streamlining cryptocurrency assets for the consumer with a universal wallet, as well as developing payment gateways. The app combines features of many of the mobile wallet and portfolio trackers available, but more importantly, takes on all coins creating just one private key for users. It is currently available in Netherlands, Germany and the U.S. with plans for expansion soon.

 

Amsterdam is high on Bitcoin and Ethereum

 

The Bit

The largest ETF trading firm in Europe has expanded into cryptocurrencies in light of customer interest, and despite regulator precautions.

 

The Bigger Picture

Flow Traders is an Amsterdam-based speed trader, meaning their style of trading is most effective in volatile markets, which makes cryptocurrencies perfect. They will become a market maker using the first exchange-traded notes based on Bitcoin and Ether. The Dutch Authority for the Financial Markets flat out discourages cryptocurrency use. But the Co-CEO of Flow Traders believes in the crypto-market: “Institutional investors are interested. We know they are because we get requests.”

 

It’s not what you know, it’s who you know?

 

The Bit

EOS’s venture capital business just got serious by adding Michael Alexander, former CEO of a major NYC investment firm.

 

The Bigger Picture

Alexander brings the experience of Jefferies Group LLC, a firm operating with almost $45 billion in assets, but nearly as important, their new leader brings connections to long standing, respected organizations on the New York Stock Exchange. He believes that EOS is building the next generation of the internet. Their venture capital business has allocated $1billion that he will be in charge of delegating to organizations building dapps to fill out the EOS ecosystem.

 

“People underestimate crypto. It’s big, and it is to be regulated very soon. The market participants are much more professional than people think.” – Co-CEO Dennis Dijkstra of Flow Traders


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