Bitcoin Mania Lifts Rival Coins to Record Highs

Bob Fitzsimmons of Wedbush calls the launch of bitcoin futures on the CME and Cboe "highly unusual."(Source: Bloomberg)
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Bitcoin is getting most of the attention in crypto-assets, especially given its recent meteoric rise, but institutional investors may be looking for the next big thing.

Larger-cap crypto-assets have been outperforming their smaller counterparts, Fundstrat technical strategist Rob Sluymer wrote in a report. He sees this as evidence some bigger players may be seeking new investments within the asset class.