The total assets under management across digital asset investment products have increased to $58.7 billion while trading volumes and institutional flows slowed significantly.
The KiwiSaver Growth Strategy, a $350 million retirement fund operated by New Zealand Funds Management, has according to local media allocated 5% of its assets to bitcoin, citing the cryptocurrency’s similarities to gold as one of the biggest reasons behind the trade.
Effect Network, a decentralized finance (DeFi) project connecting companies to the global workforce, has announced it’s moving from the EOS blockchain to the Binance Smart Chain (BSC) over concerns about the future of the EOS blockchain.
Top stories in the Crypto Roundup today:
- Institutional Flows to Crypto Investment Products Slow, but Total AUM Increase
- New Zealand Retirement Fund Bets on Bitcoin With 5% Allocation
- EOS Loses Top DeFi Project to Binance Smart Chain