Thank you @liotap. As you know, many of the multi-national banks, primarily US based have not only verbally slammed crypto (JPM, BofA, GS) but have taking policy actions to hinder investment (banned credit card usage to fund crypto purchase, etc.). They have done this while many of their own largest clients (DJIA 30 companies) have embraced blockchain. Seems odd? Old wall street trick, create negative news to establish a long position. I too speculate, well actually suspect, that these same financial institutions have accumulated crypto and perhaps also on behalf of governments (acting as their custodians). They would be negligent not to.
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@liotap and @armentor. Yes, they would be negligent if they don't even take a small position, which is required to become a legitimate market maker. Aside from their own long positions and / or purchasing on behalf of clients, financial institutions need a cyrpto position to become a legit market maker. There is too much lost business in trading for them to ignore this asset class. position.