The middle of the week has been marked by lower prices for all major cryptocurrencies.
On Bitfinex, the leading digital coin, bitcoin, changed hands at $10,756 Wednesday morning, which is somewhat 4.45% down d-o-d. A similar decline was posted by Ethereum – 4.22% down to $810.98 on this exchange.
Poloinex exchange witnessed Ripple falling to $0.90355 (5.5% down). The price for Litecoin was at some $196 (4% down).
This time insiders set sights on the reports about the planned launch of the index cryptocurrency fund by Coinbase. In the other words, the platform is about to enter the asset management market.
Initially, Coinbase Index Fund run by Coinbase Asset Management will be available only to investors with US certification. They will get access to all virtual assets that are traded on GDAX exchange. The currencies will be added to the fund in line with their market cap.
Meanwhile, BOE’s economist Andrew Haldane commented that it would be too risky to invest into cryptocurrency, which came in line with the previous statements of BOE’s Chairman Mark Carney. At the same time, he also added that digital coins were not a threat to the global financial system so far being priced below 1% of the total global wealth.