Pension Fund Provider Partners With Coinbase For Crypto Exposure – June 15

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $39,793

Bitcoin price broke above the $40,000 over the last day of trading, however is struggling to hold the key level. Price is currently hovering in the high $39,000s.

Top-20 altcoins look healthy and steady, as Ethereum gains 4%, Cardano rises 4% and Polygon leads with a 15% gain.

Top Stories for June 15, 2021 πŸ”₯

πŸ‘‰ Pension Fund Provider Partners With Coinbase For Crypto Exposure

ForUsAll, a retirement plan provider in the United States, has partnered with Coinbase to provide clients with up to 5% exposure to cryptocurrencies.

The company manages more than $1.7 billion in retirement plan assets and will open access to more than 50 different crypto assets, via a product called Alt 401(k).

πŸ‘‰ MicroStrategy Looking To Raise Yet Another $1 Billion

Business intelligence firm MicroStrategy is looking to raise yet another $1 billion in a sale of its Class A common stock, according to an S-3 filing.

The proceeds from the sale may be used for a variety of purposes, including purchasing even more Bitcoin. The company already holds over 92,000 BTC on its balance sheet, worth around $3.7 billion.

πŸ‘‰ BTC Fund Outflows Die Down, While ETH Funds Suffer

Outflows from Bitcoin-related investment funds have decreased over the last week, while Ether funds begin to experience net outflows.

Net outflows from Ether-focused funds measured in at $12.7 million last week, its largest net outflow on record since 2015. Bitcoin funds only saw a net outflow of $10 million – a large reduction from last week’s $140 million in net outflows.