“The start of 2023 saw a resurgence in interest in digital assets after the previous period of chaos and destruction precipitated by the aftermaths of the collapses of various entities in the industry. Looking forward, we note that the Bitcoin halving narrative has started forming, with the upcoming halving expected to occur in the second quarter of next year. Further, Bitcoin Exchange Traded Funds (“ETFs”) have come back to the fore with applications from Blackrock, Fidelity and other Wall Street heavyweights making headlines. While the US regulatory stance remains uncertain with more and more eyes on the US SEC Bitcoin ETF approval (or denial) processes, the recent judicial landscape seems to be clearing up with the ongoing Ripple and Coinbase court proceedings.
Managing Directors' Report (Half Year 2023)
Managing Directors' Report (Half Year 2023)
Managing Directors' Report (Half Year 2023)
“The start of 2023 saw a resurgence in interest in digital assets after the previous period of chaos and destruction precipitated by the aftermaths of the collapses of various entities in the industry. Looking forward, we note that the Bitcoin halving narrative has started forming, with the upcoming halving expected to occur in the second quarter of next year. Further, Bitcoin Exchange Traded Funds (“ETFs”) have come back to the fore with applications from Blackrock, Fidelity and other Wall Street heavyweights making headlines. While the US regulatory stance remains uncertain with more and more eyes on the US SEC Bitcoin ETF approval (or denial) processes, the recent judicial landscape seems to be clearing up with the ongoing Ripple and Coinbase court proceedings.