ChainCatcher news, the co-founder of the crypto portfolio management project Mest, ashu (@ashu_mest), disclosed on X that the NFT analysis platform NFTGo has acquired the Mest product, with the specific acquisition amount not yet disclosed.NFTGo will develop new products based on the relevant source code. It is reported that due to low market conditions and input-output comparisons, Mest stopped development a year ago.

ChainCatcher news, according to Grayscale's disclosure on X, its cryptocurrency portfolio now covers 30 digital assets, including AAVE, AVAX, BAT, BCH, FIL, GRT, LDO, LINK, LPT, LTC, MANA, MKR, NEAR, OP, RENDER, SOL, STX, SUI, TAO, XLM, XRP, and ZEC.

ChainCatcher news, BlackRock's investment research has pointed out in a new report titled "The Role of Bitcoin in Portfolios" that this cryptocurrency, long avoided by mainstream investors, should now account for 1% to 2% of a traditional "60/40" portfolio.The report also noted that Bitcoin has historically had a low correlation with traditional markets. Samara Cohen, Chief Investment Officer of ETFs and Index Products, stated, "In a 60/40 portfolio, a 1-2% allocation would create a risk profile similar to that of the Magnificent 7 stocks. However, Bitcoin's excessive volatility has led to a 70% drop within a year, making it unwise to increase its weight. A 1% weight would bring a 2% risk, while a 2% allocation would increase the risk weight to 5%. The report indicated that if the weight were to double to 4%, the overall risk would multiply to 14%."

ChainCatcher news, Australian pension fund AMP has allocated $27 million of its portfolio to Bitcoin. AMP stated that this investment represents 0.05% of its $57 billion in assets under management.AMP indicated that this move is based on a diversified investment strategy aimed at capturing Bitcoin's growth potential in the market. AMP also emphasized that its cryptocurrency investments remain within conservative risk boundaries.

ChainCatcher news, CNBC "Mad Money" host Jim Cramer stated: "I believe Bitcoin, Ethereum, and even some other cryptocurrencies deserve a place in your portfolio." (Watcher.Guru)

ChainCatcher news, the US-listed company Unitronix Corp. (OTC: UTRX) recently announced a cryptocurrency portfolio strategy aimed at combining fundamental crypto assets like Bitcoin with dynamically selected high-growth assets, including DeFi tokens and stablecoins, primarily consisting of:Strategic investment in Bitcoin: Plans to allocate most of the funds to Bitcoin;Diversified cryptocurrency assets: Holding assets including ETH, Solana, as well as DeFi tokens and meme coins;Dynamic leverage management: Under favorable market conditions, the portfolio's leverage can reach up to 10 times, adapting to changing market dynamics while controlling risk and achieving growth;AI-driven management and rebalancing: Actively managing the portfolio using AI algorithms.Unitronix Corp CEO Kenneth Williams stated: "We are committed to making it easy for shareholders at all levels to access cryptocurrency directly. Our portfolio strategy fully leverages the high growth potential of cryptocurrencies while maintaining strong risk control. This is an unprecedented way to access digital assets through a regulated investment structure." (PR Newswire)

ChainCatcher message, top trader Eugene stated that I posted about being bullish on ENA a month ago, with hopes and dreams for a bull market.Now ENA is at the $0.6 price level, and some participants have already realized the value brought by increased funding and stablecoin adoption. Now we just need to hold the spot and wait for the broader market to recognize that this is a must-have token in every portfolio.

ChainCatcher news, asset management company Strive announced on November 1 the establishment of a new wealth management division that will integrate Bitcoin into client portfolios.Strive's CEO Matt Cole explained, "We focus on providing true financial freedom for our clients through the thoughtful integration of Bitcoin, which sets our wealth management business apart from almost all major competitors today."Strive's new wealth management division will be led by former Bernstein executive Gary Dorfman as president and former Morgan Stanley executive director Randol Curtis as chief investment officer.

ChainCatcher news, according to the Financial Times, asset management company Strive, with assets under management of $1.7 billion, is hiring a new wealth management manager and will include Bitcoin in its standard portfolio.It is reported that the company was founded by biotechnology entrepreneur Vivek Ramaswamy, who previously ran for president and later supported Trump, and its investors include vice presidential candidate JD Vance. Its first product is an energy ETF with the stock code DRLL.

ChainCatcher news, Hong Kong's largest licensed virtual asset exchange HashKey Exchange, in collaboration with the Greater Bay Area Financial Association, held a high-end institutional summit in Central, Hong Kong, themed "How Global Changes Affect Asset Allocation." Attendees included Dr. Hong Wen, a member of the Hong Kong Legislative Council, Dr. Xiao Feng, Chairman and CEO of HashKey Group, Wang Long, President of the Greater Bay Area Financial Association, and Weng Xiaoqi, COO of HashKey Group and CEO of HashKey Exchange, who all delivered speeches.Dr. Xiao Feng stated, "Research from university papers shows that incorporating Bitcoin into an asset portfolio can not only significantly reduce the overall portfolio risk but also enhance the risk-adjusted returns, which are quite considerable. With the clarity of global compliance, financial institutions can allocate products.Specifically, in terms of business, HashKey Group is committed to providing comprehensive virtual asset and related services for institutional investors and retail users. Geographically, we have institutions and operations in Hong Kong, Singapore, and Tokyo; vertically, we offer a full range of services from infrastructure construction, cloud services, venture capital support, to helping companies design compliant legal structures and economic models. These are our core businesses and main support points. In terms of trading, we have exchanges in Hong Kong and OTC licenses in Singapore and Tokyo.Currently, the entire HashKey Group has nearly 600 employees distributed across six different countries and regions. This team configuration enables us to provide very professional and attentive services to our clients. Overall, HashKey Group hopes to leverage our expertise and global presence to offer clients the most suitable asset allocation solutions, helping them achieve better returns in an ever-changing market."

ChainCatcher news, according to Cointelegraph, Florida Chief Financial Officer Jimmy Patronis has suggested that the agency managing the state's retirement funds consider investing in Bitcoin.Patronis wrote in a letter to the Florida State Board of Administration (SBA) yesterday: "Bitcoin is often referred to as 'digital gold,' and it can help diversify the state's portfolio and provide a safe hedge against volatility in other major asset classes."He urged the SBA to "provide a report on the feasibility, risks, and potential benefits of allocating a portion of the state retirement system funds to the digital asset class," and to complete it before the next legislative session scheduled for March 4, 2025.The Florida Small Business Administration manages more than 30 funds, including the Florida Retirement System Trust Fund. As of September 30, the fund manages assets of approximately $205 billion.

ChainCatcher news, according to Cointelegraph, the Bitcoin Policy Institute recently published a paper titled "The Case for Bitcoin as a Reserve Asset," which argues that central banks should adopt Bitcoin as a reserve asset to hedge against rising inflation, geopolitical risks, capital control risks, sovereign defaults, bank failures, and international sanctions imposed by the U.S. government.The paper's author, economist Matthew Ferranti, believes that Bitcoin is an "effective portfolio diversification tool" due to its low correlation with other financial instruments.

ChainCatcher news, billionaire investor Bill Miller recently stated in an interview that he expects financial advisors to start recommending a 1% to 3% allocation of Bitcoin in investment portfolios within the next three to five years.He said, "This is the only economic entity whose supply is not affected by demand or price. At the most basic level, you just need to believe that the demand for Bitcoin will grow faster than the supply."He pointed out that if more people want to buy Bitcoin, its price will continue to rise because its supply will not increase, which is different from gold. Earlier this year, JPMorgan found that after adjusting for volatility, Bitcoin's weight in investor portfolio allocations exceeded that of gold, with its allocation being 3.7 times that of gold.

ChainCatcher news, according to Coinpedia, American billionaire investor Tim Draper recently shared his altcoin portfolio on the Thinking Crypto podcast.The projects he invested in include Arkham, whose team can associate Bitcoin wallets with real identities, sparking institutional interest. Draper also holds Tezos, appreciating its governance mechanism and security, which are suitable for smart contract and decentralized application development.In addition, he has invested in the DeFi liquidity network Bancor and the decentralized domain protocol Handshake. He emphasized that before investing, it is essential to ensure that the tokens have real utility, rather than being purely speculative.

ChainCatcher news, digital asset management company Spirit Blockchain Capital Inc. announced that it has acquired DOGE ecosystem development company Dogecoin Portfolio Holdings. The specific acquisition amount has not been disclosed. According to the terms of the acquisition agreement, Spirit Blockchain Capital will purchase all issued and outstanding securities of Dogecoin Holdings, including common stock and warrants.

ChainCatcher news, Matrixport released today's chart report, stating that academic papers often explore how Bitcoin enhances investors' Sharpe ratio, improves portfolio diversification, and reduces overall volatility for institutional investors. Multiple aspects also confirm the benefits of including Bitcoin in a portfolio. However, a more direct approach is to emphasize Bitcoin's continued outstanding performance compared to other assets. In 2024, this trend continues, with Bitcoin's year-to-date return exceeding 53%, providing substantial returns for investors.It is reported that the Sharpe Ratio is an important financial metric used to measure the risk-adjusted return of an investment. It was proposed by Nobel laureate William Sharpe and aims to help investors assess the performance of their portfolios. A high Sharpe ratio indicates that the portfolio has achieved higher excess returns for the level of risk taken, and is generally considered to perform well. A low Sharpe ratio may suggest that the portfolio's returns have not effectively compensated for the risks taken.

ChainCatcher news, according to The Block, Bitwise Chief Investment Officer Matt Hougan stated that an increasing number of top financial advisors are allocating cryptocurrency assets in their personal investment portfolios.At the Barron's Advisor 100 Summit held in Florida last week, Hougan mentioned that about 70% of advisors own Bitcoin or other cryptocurrency assets, while in the previous two years, this figure was only 10%-20%.Although many advisors' client accounts have not yet allocated Bitcoin, Hougan predicts that as advisors increase their personal allocations, client investments will follow closely behind, potentially seeing significant changes within 6 to 12 months. He believes this is an important signal of the financial industry's growing acceptance of cryptocurrency.

ChainCatcher news, according to Cointelegraph, BlackRock founder Larry Fink stated in an interview with CNBC: "I believe Bitcoin is a legitimate financial instrument that can provide you with uncorrelated returns. I believe it is a tool for investing when you are more fearful. I firmly believe that Bitcoin has a place in the portfolio."

ChainCatcher news, according to Jinshi reports, the U.S. Securities and Exchange Commission (SEC) approved a rule change with a 3-2 vote, requiring funds to report their portfolio holdings on a monthly basis instead of four times a year. The SEC also issued guidance on compliance with fund liquidity risk management regulations.