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Crypto Says Institutions Are Back, Though Retail Has Cold Feet

  • Sector champions tout a renewal of institutional interest
  • Retail investors appear to be anchored to the sidelines
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Bitcoin Retreats After Briefly Passing $25,000Source: Bloomberg
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An old adage is making the rounds again in the crypto sphere: Institutional investors are back. 

BlackRock Inc.’s partnership with Coinbase Global Inc. to make it easier for institutional investors to manage and trade Bitcoin was followed by another announcement that the asset manager is offering its first-ever investment product directly in the token. Meanwhile, hedge-fund firm Brevan Howard raised more than $1 billion for a crypto fund.