RoboticsOnline (reviewed here) – SILVER list platform continues to add news for investors from the current Crypto Market sphere. Wether it is useful for them or not – decide yourself, but this process is defenitely helps the platform to stay active and popular for (pay attention!) years already. That’s the important point that other hyip admins must consider on launching their new platforms..
*I remind to you dear EN readers from around the globe, that situation, inside of cryptosphere and crypto market as a whole, dramatically and largely affects the HYIP market including hyip admins and hyip investors (all of you).
Remember that, when you choose the platforms for your investments, as the amount of fast scams supported by the admins of different fake monitors and dishonest AHM resources (like – www.allhyipmonitors.com, monitors.bz), which removed EN warning / scam signals about outside hyip platforms, will increase. So choose wisely.
Here’s the news:
US pension funds seek exposure to cryptocurrency products
The cryptocurrency market has been under a persistent bear market that has lasted since the beginning of the year. Despite the losses suffered by crypto investors, pension funds in the United States have remained bullish about the cryptocurrency sector, per a Wall Street Journal report.US pension funds show growing interest in crypto
The report by WSJ noted the growing interest in crypto assets by the VanEck asset management company. While there is an identifiable growth of interest in the crypto space, the 2022 bear market has led to pension fund managers considering whether to double down on their cryptocurrency investments or walk away from the sector.
One of the cited examples of pension funds considering crypto exposure is one involving Houston-based firefighters. These firefighters have placed $25 million into Bitcoin and Ether. They invested in the two assets in October 2021, but with the bear market, they have lost over 50% of the value.
However, the pension fund leaders said that they understood the nature of the crypto space before making their investments. The investment chief at the Houston Firefighters Relief and Retirement Fund, Ajit Singh, said that volatility and large swings across the market were expected.
On the other hand, some pension funds view the bear market as the best time to invest in the crypto market. Yields are usually better when fewer people are willing to invest in the crypto sector.
A Virginia-based pension fund has also shown interest in investing in the crypto sector. The pension fund targets police in Fairfax, holding $6.6 billion in funds for around 30,000 individuals. The pension fund also holds 4.5% of its financial assets in cryptocurrencies.
However, not all pension funds are willing to have exposure to crypto assets. A California-based pension fund for teachers has shown disinterest in crypto payments because of the precarious nature of the sector.
Crypto regulations in the US
The crypto regulatory framework in the United States is still not established despite institutional investors’ growing interest in crypto assets. The US crypto sector is currently regulated by the US Securities and Exchange Commission alongside the Commodity Futures Trading Commission.
The SEC has expressed concern over the nature of cryptocurrencies, saying that most of them were security tokens and not commodities. The SEC has also said that cryptocurrency prices are prone to manipulation. Hence, the SEC has hesitated to approve a spot crypto exchange-traded fund (ETF).
Check other news for today and Please stand by..
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