New Jersey State Pension Fund acquires $16 million Bitcoin exposure

[Nomura Securities Plans to Launch Bitcoin and Cryptocurrency Investment Products] November 24 report: Japan's largest asset management company, Nomura Securities, plans to launch Bitcoin and cryptocurrency investment products. Nomura Securities manages assets totaling $670 billion, and this move is expected to have a significant impact on the crypto industry.

[QCP: Bitcoin Shows Initial Rebound, Year-End Call Options Dominate] On November 24, QCP analyzed that Bitcoin showed an initial rebound after a roughly 30% pullback, with dovish remarks from the Federal Reserve raising the probability of a December rate cut to 75%. Derivatives data indicates that open interest in year-end call options exceeds that of put options, concentrated in the $85,000 to $200,000 range. Negative funding rates suggest that leveraged long positions have been cleared, reducing short-term downside risks. Future trends may be influenced by U.S. retail data, core PCE, and ETF fund flows.

[Generali Economist: A Fed Rate Cut in January Next Year is More Reasonable] Generali Investments senior economist Paolo Zanghieri stated that he and his team believe the market's expectations for the extent of Federal Reserve rate cuts are too high. They estimate a 50% probability of a rate cut next month. Given the limited new data, it would be more reasonable for the Fed to cut rates in January next year, while possibly signaling a dovish stance. Zanghieri pointed out that the market's expectation of nearly four rate cuts next year is overly optimistic; they anticipate only a 50-basis-point rate cut by summer.

Japan's largest asset management company announced plans to launch a Bitcoin fund to further promote cryptocurrency investment development in the Asian region. （The Bitcoin Historian）

[Japan's Largest Asset Management Company Nomura Plans to Launch Crypto Investment Products] Japan's largest asset management company Nomura plans to launch Bitcoin and cryptocurrency investment products.