11-20
35% of Young Affluent US Investors Switch Advisers Over Lack of Crypto Access
A survey of 500 US investors aged 18–40 with annual incomes between $100,000 and $1 million shows that 35% have moved assets away from financial advisers who do not provide crypto exposure. Over half of those transfers involved between $250,000 and $1 million. More than 80% of respondents reported increased confidence in digital assets following institutional adoption by firms such as BlackRock, Fidelity, and Morgan Stanley, according to Zerohash.
11-20
11-19
Kraken Files Confidential S-1 for U.S. IPO at $20 Billion Valuation
Kraken has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission, marking its formal entry into the public listing process. The California-based cryptocurrency exchange disclosed the filing days after revealing a $20 billion valuation following $800 million in recent funding rounds. The confidential submission does not disclose timing, share count, or pricing details for the potential offering.
11-19
11-19
Small Bitcoin, Ethereum, and XRP Holders Shed Holdings as Retail Selling Accelerates
Retail investors holding Bitcoin, Ethereum, and XRP have accelerated selling activity this week. Small BTC wallets reduced holdings by 0.36% over five days, ETH wallets under 0.1 tokens dropped 0.90% in a month, and XRP holders offloaded 1.38% since early November, according to Santiment. Despite the selling pressure, small investors across all three assets remain in profit, with average cost basis at approximately $92,000 for BTC, $3,000 for ETH, and $2.17 for XRP, Glassnode data shows.
BTC
BTC+3.94%
11-19