Bitcoin

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<ul> 
 <li>Empowered, with $2 billion assets under management, files for three Bitcoin futures ETFs.</li> 
 <li>The move underlines the firm’s growing confidence in cryptocurrency’s potential.</li> 
 <li>This could usher in a new era of mainstream institutional adoption of Bitcoin.</li> 
</ul> 
<p>In a move that underlines the evolving dynamics of the investment world, Empowered, a U.S.-based investment manager overseeing $2 billion, has filed to introduce three new Bitcoin futures Exchange Traded Funds (ETFs). This decision accentuates the financial industry’s accelerating embrace of cryptocurrencies and indicates a bullish sentiment towards the future of digital assets.</p> 
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   <p lang="en" dir="ltr">JUST IN: <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1fa-1f1f8.png" alt="🇺🇸" class="wp-smiley" style="height: 1em; max-height: 1em;"> $2 billion investment manager Empowered files to launch 3 more <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> futures ETFs</p>— Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1693602476874956960?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 21, 2023</a> 
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<p>Bitcoin ETFs, which track the price of the cryptocurrency, have been a focal point for many institutional investors. They offer a more streamlined and regulatory-compliant way to gain exposure to Bitcoin without holding the asset directly. Empowered’s move to file for not one, but three Bitcoin futures ETFs, showcases their intent to provide diverse investment vehicles for their clientele and solidifies their position as frontrunners in the crypto adoption race among traditional financial institutions.</p> 
<p>Given the volatility and regulatory hurdles associated with cryptocurrencies, many investment managers have been cautious about diving headfirst into this new frontier. However, Empowered’s bold step can be viewed as a testament to Bitcoin’s maturation and growing acceptance as a legitimate asset class. It’s a sign that major players in the financial sector are recognizing the potential returns and diversification benefits that cryptocurrencies can bring to a portfolio.</p> 
<p>For potential investors, this development can be seen as a nod of approval. With established entities like Empowered offering more avenues to invest in Bitcoin, it not only provides added legitimacy to the asset but also offers a safer, more traditional method of gaining exposure to the cryptocurrency market.</p> 
<p>In conclusion, as the boundaries between traditional finance and the world of cryptocurrencies continue to blur, Empowered’s move could mark the beginning of a new chapter. With more institutional money poised to flow into Bitcoin and other digital assets, the future of cryptocurrencies looks brighter than ever. As we move forward, it will be intriguing to see how other major players in the industry react and adapt to this evolving landscape.</p> 
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<p>The post <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com/2-billion-manager-eyes-three-bitcoin-futures-etfs/">Empowered’s Triad Launch: $2 Billion Manager Eyes Three Bitcoin Futures ETFs</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

Empowered’s Triad Launch: $2 Billion Manager Eyes Three Bitcoin Futures ETFs

Crypto News Land

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