Bitcoin price at $81,437 as Deutsche Bank nears its custody launch: What investors need to know

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Bitcoin trades at $81,437 on Saturday morning, and the US spot ETFs lost $82.39 million on Friday. The bigger story sits elsewhere: Deutsche Bank is weeks away from taking bitcoin and ether into its own custody.The bitcoin price stands at $81,437 on Saturday morning, $526 below its level at the same time on Friday. The real news of the morning sits not in the chart but in an interview: according to Gerald Podobnik, co-head of its corporate bank, Deutsche Bank is only weeks away from holding bitcoin and ether in custody itself for institutional clients. Frankfurt is the first market. This article sets out what that means in practice, which assets are covered from day one, and why retail investors gain nothing from it for now. Bitcoin price on Saturday morning: $81,437 and €72,460 Bitcoin trades at $81,437 at around 6:50 a.m. German time on Saturday, October 17. In euros that is €72,460. Over the past 24 hours the loss stands at 0.62 percent, and at 1.29 percent over the week. The...