- Citadel Securities has plans to engage in crypto asset markets in 2022.
- Founder Ken Griffin has turned around his anti-crypto stance, taking back his criticism of Bitcoin.
- US Securities & Exchange Commission filings have revealed a rising inflow of capital from institutional investors to crypto in 2022.
- Bitcoin price has posted double-digit gains amidst the marketwide recovery of cryptocurrencies over the past week.
Ken Griffin took back his comments on Bitcoin being tulip mania. Griffin has changed his outlook on Bitcoin and cryptocurrencies and revealed Citadel Securities' plans to invest in digital assets.
Institutional investors pour capital into crypto in 2022
Citadel Securities is a leading global market maker, led by billionaire founder Ken Griffin. Griffin had warned investors and recommended that they stay away from cryptocurrencies.
In November 2017, Griffin said,
Bitcoin right now has many of the elements of the tulip bulb mania we saw back hundreds of years ago in Holland. These bubbles tend to end in tears. And I worry about how this bubble might end.
The founder has changed his outlook on Bitcoin and cryptocurrencies. Griffin took back his critique of crypto and said,
It’s fair to assume that over the months to come, you will see us engage in making markets in cryptocurrencies.
Griffin acknowledged that crypto is one of the great stories in finance over the past decade. Several institutions have poured capital into crypto since the beginning of 2022.
Recent filings at the US Securities and Exchange Commission (SEC) have revealed 160 firms ventured into crypto investments within the first two months of 2022. In the last quarter of 2021, the number of SEC 13F filings was 60.
The overall crypto market capitalization now exceeds $2 trillion. Bitcoin has posted double-digit gains, recovering from the bloodbath. Bitcoin price has exceeded $44,000, fueling a bullish outlook among investors.
FXStreet analysts have evaluated the Bitcoin price trend and predicted that the asset could hit $50,000. Analysts believe that Bitcoin price is on track to hit $50,000 and the uptrend could continue through the week.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks

Ethereum Price Forecast: ETH consolidates below $2,000 as Standard Chartered alters its prediction for 2025
Ethereum remained just below $2,000 in the Asian session on Tuesday as Standard Chartered's Global Head of Digital Assets Research, Geoffrey Kendrick, updated the bank's 2025 price forecast for ETH.

Solana price faces 50-day resistance as SOL futures debut on CME Group with $5M volume on fifth anniversary
Solana (SOL) stagnated around the $128 mark on Monday despite multiple bullish catalysts. The recent SOL unlocks by Alameda Research, ahead of FTX creditor repayments, have created a persistent bearish overhang since early March.

Canary Capital proposes first-ever Sui ETF following S-1 filing with the SEC
SUI saw slight gains on Monday as Canary Capital submitted an S-1 application with the Securities & Exchange Commission (SEC) to launch a Sui exchange-traded fund (ETF). This adds to the growing list of altcoin ETF filings awaiting approvals from the regulator.

Outflows in crypto funds reach $6.4 billion over five weeks amid long-term holder accumulation
Crypto exchange-traded funds (ETFs) extended their outflow streak last week, totaling $1.7 billion, bringing the total outflows in the past 5 weeks to $6.4 billion, per CoinShares weekly report on Monday.

Bitcoin: BTC at risk of $75,000 reversal as Trump’s trade war overshadows US easing inflation
Bitcoin price remained constrained within a tight 8% channel between $76,000 and $84,472 this week. With conflicting market catalysts preventing prolonged directional swings, here are key factors that moved BTC prices this week, as well as key indicators to watch in the weeks ahead.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.