Latest news with #XBTO
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin Hits Record High of $120,000 as Bullish Momentum Builds
(Bloomberg) -- Bitcoin breached $120,000 for the first time, with investor optimism increasing almost daily after it emerged from a narrow trading range that had left skeptics wondering whether the original cryptocurrency would regain the record-breaking momentum seen at the start of the year. Why Did Cars Get So Hard to See Out Of? How German Cities Are Rethinking Women's Safety — With Taxis Philadelphia Reaches Pact With Workers to End Garbage Strike After surging on the election of Donald Trump to a second US presidential term, Bitcoin had settled into a pattern of fluctuating on either side of $100,000 for several months. Concern about Trump's political and economic policies had helped to temper optimism over the pro-crypto agenda of his administration. Now with other risk assets such as stocks back around record highs, Bitcoin has also resumed its push higher. 'This shift signals a maturing perspective on Bitcoin — not merely a speculative asset, but a macro hedge and a structurally scarce store of value,' said George Mandres, senior trader at XBTO Trading LLC. 'A surge in risk-on sentiment across equities, coupled with significant institutional inflows into spot Bitcoin and Ethereum ETFs, has fueled this steady ascent, notably absent the sharp volatility of previous bull runs.' The crypto market bellwether rose as much as 1.9% to $121,344, and is now up about 30% since December. Bitcoin more than doubled last year. Bitcoin's renewed momentum has also spilled over to smaller tokens — second-ranked Ether rose 1.5%, while XRP and Solana both increased about 2.7% around noon in Singapore on Monday. 'Bitcoin's cleared $120,000, but the real test is $125,000,' said Rachael Lucas, a crypto analyst at BTC Markets. While short-term profit booking can be expected, 'the uptrend has fuel' driven by strong demand from exchange traded funds, she added. 'Support at $112,000 and any dip looks like a buying opportunity, not a reversal.' Helping to fuel the latest rally was the liquidation of bearish crypto bets at the end of the week. Traders who shorted Bitcoin bore the brunt of the rapid damage, with over $1 billion in positions wiped out, according to data from Coinglass. The token rose on the back of anticipation for what a Congressional committee dubbed 'Crypto Week,' where lawmakers in the US Congress are expected to debate and possibly vote on key cryptocurrency legislation. Some analysts aren't totally sold on the token's continued rise. 'In my view, this isn't a macro-driven rally, but rather an isolated event,' said Nicolai Sondergaard, a research analyst at Nansen. 'That said, recent US policy developments such as fiscal expansion and expectations of further monetary easing have created a backdrop that is undeniably favorable for Bitcoin.' (Updates with price moves and comments) 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions Trump's Cuts Are Making Federal Data Disappear Trade War? No Problem—If You Run a Trade School Soccer Players Are Being Seriously Overworked Will Trade War Make South India the Next Manufacturing Hub? ©2025 Bloomberg L.P.
Yahoo
24-06-2025
- Business
- Yahoo
Bitcoin Traders' Are Looking at a Key Data Point in Fed Meeting and It's Not Interest Rate Decision
The Federal Reserve's (Fed) Open Market Committee, comprising 12 officials, is scheduled to announce its decision on interest rates at 18:00 UTC on Wednesday, followed by Chairman Jerome Powell's press conference half an hour later. The CME Group's FedWatch tool indicates that the central bank is again likely to hold ground and keep interest rates unchanged in the range of 4.25%-4.50% despite President Donald Trump's repeated demands for lower borrowing costs. The rate decision, therefore, is a foregone conclusion and crypto traders are likely to focus on the interest rate dot plot – the graphical representation that records each Fed official's projections for interest rates. "With rates expected to stay on hold, traders are focused on the dot‑plot: fewer than two projected cuts would harden the higher‑for‑longer narrative; a dovish surprise would lighten the dollar and could unfreeze crypto's bid. Until then, patience rules," crypto trading and market-making firm XBTO said. A hawkish dot plot, suggesting fewer rate cuts, could put pressure on bitcoin and the broader crypto market. BTC's rally has already stalled above $100,000, with geopolitical tensions in the Middle East adding to the trade war-led inflation uncertainty. "During 2025, expectations for rate cuts have already declined sharply, from an initial 100 basis points to just 50 basis points currently. This revision is driven by a resilient labor market and inflation that, while moderated, remains above the 2% target. A prolonged conflict in the Middle East could further reduce anticipated cuts to just 25 basis points," Matteo Greco, senior analyst at Fineqia, said in an email. While the hawkish Fed could breed downside volatility in bitcoin, it will likely worsen the U.S. fiscal situation by adding to the nation's debt servicing costs and thereby strengthening the long-term appeal of assets like gold and bitcoin.
Finextra
19-06-2025
- Business
- Finextra
Arab Bank Switzerland to launch yield-bearing bitcoin product wor HNW clients
XBTO, a global leader in institutional digital asset management, today announced a strategic partnership with Arab Bank Switzerland that will enable the Swiss private bank to launch a sophisticated Bitcoin yield product for its wealth management clients. 0 The collaboration leverages XBTO's proprietary "Diamond Hands" strategy to provide Arab Bank Switzerland's clientele with an actively managed approach to generating yield on their Bitcoin holdings. The partnership addresses growing client demand for yield-generating cryptocurrency products within a comprehensive regulatory framework and institutional oversight structure. This offering will be branded as an "Arab Bank Switzerland product powered by XBTO," preserving established client relationships while expanding investment capabilities through proven institutional digital asset management expertise. "Today's announcement marks a significant milestone in our strategy to work with leading traditional financial institutions," said Karl Naim, Chief Commercial Officer and General Manager for UAE at XBTO. "Arab Bank Switzerland's six-year digital asset infrastructure development, combined with direct client demand for Bitcoin yield products, created the perfect foundation for this collaboration." Arab Bank Switzerland, which has offered Bitcoin custody services through its partnership with Taurus since 2019, identified a specific gap in their digital asset offerings. While the bank provided custody and loan-to-value lending against Bitcoin, high-net-worth clients specifically requested active yield-generating opportunities. "We have seen growing demand from our wealth management clients for ways to generate yield on their Bitcoin holdings within a properly managed risk framework," said Romain Braud, Head of Digital Assets at Arab Bank Switzerland. "This collaboration will position Arab Bank Switzerland as the first traditional Swiss private bank to offer an integrated, bank-branded Bitcoin yield product,while maintaining the personal relationship and fiduciary care clients expect from private banking.' XBTO's "Diamond Hands" strategy employs an options-based methodology designed to generate yield while strategically accumulating Bitcoin during market opportunities. The approach uses existing Bitcoin holdings as collateral for options transactions, generating premiums while positioning for accumulation during market pullbacks. "The maturation of institutional digital asset demand requires sophisticated solutions that go beyond simple exposure," said Javier Rodriguez-Alarcon, Chief Investment Officer and Head of Asset Management at XBTO. "This partnership demonstrates how established wealth managers can integrate crypto solutions while maintaining fiduciary responsibility through rigorous risk management and institutional oversight. Our approach prioritizes capital preservation and consistent yield generation over speculative trading." The collaboration sets a precedent for traditional financial institutions seeking to offer structured, compliant cryptocurrency products within existing client relationships rather than directing clients to external providers. With regulatory frameworks maturing and institutional demand accelerating globally, this partnership is expected to serve as a model to drive similar collaborations across the wealth management sector, positioning both firms at the forefront of the digital asset integration into traditional finance.
Zawya
19-06-2025
- Business
- Zawya
XBTO partners with Arab Bank Switzerland to launch innovative Bitcoin yield product
GENEVA, SWITZERLAND – X BTO, a global leader in institutional digital asset management, today announced a strategic partnership with Arab Bank Switzerland that will enable the Swiss private bank to launch a sophisticated Bitcoin yield product for its wealth management clients. The collaboration leverages XBTO's proprietary "Diamond Hands" strategy to provide Arab Bank Switzerland's clientele with an actively managed approach to generating yield on their Bitcoin holdings. The partnership addresses growing client demand for yield-generating cryptocurrency products within a comprehensive regulatory framework and institutional oversight structure. This offering will be branded as an "Arab Bank Switzerland product powered by XBTO," preserving established client relationships while expanding investment capabilities through proven institutional digital asset management expertise. "Today's announcement marks a significant milestone in our strategy to work with leading traditional financial institutions," said Karl Naim, Chief Commercial Officer and General Manager for UAE at XBTO. "Arab Bank Switzerland's six-year digital asset infrastructure development, combined with direct client demand for Bitcoin yield products, created the perfect foundation for this collaboration." Arab Bank Switzerland, which has offered Bitcoin custody services through its partnership with Taurus since 2019, identified a specific gap in their digital asset offerings. While the bank provided custody and loan-to-value lending against Bitcoin, high-net-worth clients specifically requested active yield-generating opportunities. "We have seen growing demand from our wealth management clients for ways to generate yield on their Bitcoin holdings within a properly managed risk framework," said Romain Braud, Head of Digital Assets at Arab Bank Switzerland. "This collaboration will position Arab Bank Switzerland as the first traditional Swiss private bank to offer an integrated, bank-branded Bitcoin yield product,while maintaining the personal relationship and fiduciary care clients expect from private banking.' XBTO's "Diamond Hands" strategy employs an options-based methodology designed to generate yield while strategically accumulating Bitcoin during market opportunities. The approach uses existing Bitcoin holdings as collateral for options transactions, generating premiums while positioning for accumulation during market pullbacks. "The maturation of institutional digital asset demand requires sophisticated solutions that go beyond simple exposure," said Javier Rodriguez-Alarcon, Chief Investment Officer and Head of Asset Management at XBTO. "This partnership demonstrates how established wealth managers can integrate crypto solutions while maintaining fiduciary responsibility through rigorous risk management and institutional oversight. Our approach prioritizes capital preservation and consistent yield generation over speculative trading." The collaboration sets a precedent for traditional financial institutions seeking to offer structured, compliant cryptocurrency products within existing client relationships rather than directing clients to external providers. With regulatory frameworks maturing and institutional demand accelerating globally, this partnership is expected to serve as a model to drive similar collaborations across the wealth management sector, positioning both firms at the forefront of the digital asset integration into traditional finance. Media Contacts For XBTO: Athraa Bheekoo Luna PR athraa@ For Arab Bank Switzerland: Barbara Mahe, Consultancy32: Lina Lahlou, Consultancy32: About XBTO From asset management to capital markets, XBTO helps clients capture opportunities in the age of digital assets. Founded in 2015 as a proprietary trading firm, XBTO built its foundation through nearly a decade of active participation in digital asset markets. Since 2023, XBTO has expanded into a full-service crypto quantitative investment firm. With a strong focus on Bitcoin, XBTO delivers risk-adjusted strategies across the alpha–beta continuum designed to perform across market cycles and regulatory environments. With decades of experience earned at the world's leading financial institutions and deep expertise in digital markets, XBTO brings a rare combination of financial discipline and digital-native insight. XBTO operates under robust regulatory oversight, with operating entities regulated by the Bermuda Monetary Authority and the Financial Services Regulatory Authority in Abu Dhabi. It operates from key financial hubs including Bermuda, New York, Miami, London, Paris, and Abu Dhabi. About Arab Bank (Switzerland) Ltd. Arab Bank (Switzerland) Ltd. was established in Switzerland in 1962 and serves as a bridge between the Middle East and the West. For more than 60 years, the Bank has been a trusted partner of established businesses, high net worth individuals and ambitious entrepreneurs with close ties in the MENA region. It is the independent sister company of Arab Bank Plc, one of the largest banks in the Middle East.
Khaleej Times
29-05-2025
- Business
- Khaleej Times
XBTO receives full 3A licence approval from Abu Dhabi Global Market
XBTO, a company involved in institutional digital asset management, it has received full approval for its financial services permission (FSP) under the 3A licence category from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) in the UAE. The approval authorises XBTO to provide a range of financial services in and from ADGM, including custody, dealing in investments as matched principal, advising on investments, and arranging deals in investments. This marks a significant milestone in the company's expansion strategy across the MENA region and beyond. 'The UAE is a leading market in digital assets and the 3A licence enables us to be a part of a positive digital movement in the region. This licence also serves to reinforce our long-term commitment to institutional integrity, regulatory transparency, and financial innovation in the UAE,' said Philippe Bekhazi, CEO and Founder of XBTO Group. The licence enables XBTO to operate as a regulated counterparty to institutional investors, including sovereign wealth funds, family offices and regional financial institutions. It also allows the company to actively market its services across the UAE, bolstering its ability to engage directly with local stakeholders and deepen its presence in the region. 'This approval gives XBTO the strategic footing to engage more actively with regional partners and demonstrates our alignment with the UAE's vision of becoming a global hub for digital finance,' said Karl Naim, Chief Commercial Officer and General Manager for UAE at XBTO. 'ADGM has created a forward-thinking environment that balances innovation with robust oversight - a model we are proud to be part of.' The licence approval complements XBTO's existing regulatory footprint in Bermuda and is part of its broader global expansion strategy, with the next regulatory milestone being its anticipated entry into the UK market. XBTO's regulatory approval has been welcomed by key stakeholders within Abu Dhabi's thriving digital asset ecosystem. The company has been an active participant in Hub71's specialized digital assets cohort and has collaborated with the technology hub on educational initiatives focused on advancing digital asset knowledge and best practices across the region. Peter Abou Hachem, Head of Growth and Strategy, Hub71 said: 'We're proud to see XBTO, a global leader in digital assets, secure their 3A license and scale from Hub71 to serve the world. Their move to Abu Dhabi reflects a clear shift toward the Middle East - one of the fastest-growing and most liquid markets globally. XBTO's focus on regulatory excellence and innovation embodies the calibre of founders we back. As more startups choose our ecosystem to launch and grow, we remain committed to helping them scale with speed and impact.'
