Bitcoin Support Available to all MMI Users
MetaMask Institutional is excited to share that Bitcoin support is now available.
With our latest feature release, users can now easily track and report on their Bitcoin assets directly in their MetaMask Institutional account. Our Centralised Exchange (CeFi) support allows users to connect their CeFi accounts seamlessly and view their Bitcoin balances. Alternatively, you can simply navigate to the accounts section and add a Bitcoin address.
For crypto-native organisations, allocation to Bitcoin is nothing new. In fact, Bitcoin has been a staple asset for Crypto Funds, Crypto VCs, Exchanges, DAOs, DeFi protocols and on-chain service providers. Within the MetaMask Institutional (MMI), we serve these crypto-native organisations by providing the widest access to all of web3. We offer the world's first multi-custodial web3 wallet and empower organisations to monitor, manage, control and report their crypto assets.
Why add support for Bitcoin in MetaMask Institutional?
In January of this year, the launch of several Bitcoin ETFs resulted in record inflows and growth. The securitised structure created the opportunity for new individuals and institutions to gain access to digital assets. Although assets under management might ebb and flow with macroeconomic and market cycles, the tides and current point to wider institutional adoption of digital assets more broadly. A recent OKX report commissioned by the Economist, showed asset managers currently allocate between 1%-5% of their assets under management (AUM) to digital assets and are set to increase this allocation to 7% by 2027.
Accordingly, we constantly focus on ensuring we provide access to any asset, anywhere. Historically, this included access to all EVMs, over 17,000 DeFi protocols and the ability to manage your keys in line with your organisational needs.
Easily manage your Bitcoin within the MMI Portfolio Dashboard
We provide comprehensive asset overviews as part of an organisation's overall portfolio, ensuring that all Bitcoin assets are accounted for and easily accessible:
Perhaps most importantly, we also snapshot Bitcoin valuations as part of our daily valuation report to organisations. We provide a holistic valuation of all assets when the organisation chooses. Our snapshot reports offer a read-only view of a portfolio (shareable to third parties), downloadable CSV format, and availability via our API suite.
Our recent Solana and now Bitcoin support are just the initial steps in our drive to provide access to any asset, anywhere. In the months ahead, organisations can expect more in-depth asset support on various networks and advanced features to monitor, manage, control and report on all their digital assets. Learn more about native Bitcoin support for your MMI Portfolio here.
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