Although VanEck, CBOE, and SolidX recently pulled their collaborative Bitcoin exchange-traded fund (ETF) application, as Bakkt delayed the launches of its crypto futures vehicle, rumor has it that Wall Street is still clamoring for digital assets. While this purported influx of institutional interest has skirted past the retail investors’ radar, industry upstarts are taking notice, responding in kind. Enter crypto-centric over-the-counter (OTC) desks. And from the labs of this sector’s most preeminent startups no less.
2019 may only be three weeks in, but the crypto industry has already set an optimistic precedent moving forward. In recent weeks, as Bitcoin has continued to trade in a tight, seemingly unbreakable range, organizations in this ecosystem have continued to strut along, unveiling offerings and positive developments. A number of venture groups have hinted at the creation of new funds, upstarts have sought ambitious business deals, and institutions have purportedly begun to double-down on their Bitcoin efforts.