The 169-year-old Massachusetts Mutual Life Insurance Co. has purchased $100 million in bitcoin for its general investment firm, as well as a $5 million minority stake in institutional cryptocurrency provider NYDIG.
The Toronto Stock Exchange has listed its first Ethereum-based exchange-traded fund, after the 3iQ Ether fund raised more than $75 million in contributions from investors.
Fidelity Digital Assets will reportedly start letting its institutional customers pledge bitcoin as collateral against cash loans, thanks to a new partnership with blockchain startup BlockFi.
Top stories in the Crypto Roundup today:
- 169-Year-Old Insurance Firm MassMutual Makes $100 Million Bet on Bitcoin
- Ethereum ETF Launches in Canada After Raising $75 Million
- Fidelity Digital To Offer Bitcoin-Backed Cash Loans to Institutional Customers