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Valour is moving out of Europe to the green pastures of Africa by way of passporting.
CEO Devin Finzer pledged to stand up and fight any potential enforcement action the regulator might bring involving NFTs.
Crypto investment products experienced significant inflows of $176 million as investors capitalized on recent price dips, according to CoinShares‘ latest weekly report. James Butterfill, the head of research at CoinShares, noted that the total assets under management (AUM) for crypto ETPs dipped to $75 billion amid the correction but have rebounded to $85 billion as […]
The post Ethereum accounts for 88% of crypto investment products’ $176 million inflow appeared first on CryptoSlate.
CoinShares revealed that digital asset investment products experienced net inflows of $245 million last week. According to the company’s weekly report, the trading volume for exchange-traded products (ETPs) rose to its highest level since May, at $14.8 billion, thanks to the launch of spot Ethereum ETFs in the US. Total assets under management (AUM) for […]
The post Ethereum ETFs see $2.2B in inflows as Bitcoin gains political backing appeared first on CryptoSlate.
Ronin blockchain surpasses every other blockchain in daily active users, recording a two million DAU count on July 29.
An XRP exchange-traded product (ETP) has launched on Nasdaq Stockholm, the premier stock exchange in the Nordic region. In an…
The post XRP ETP Launches on Nasdaq Stockholm Exchange first appeared on The Crypto Basic.
INJ takes a spot among the largest cryptos with a financial product exposing it to traditional investors.
Injective (INJ)collaborates with 21Shares to launch AINJ, a new staking ETP offering INJ exposure and staking rewards via traditional finance venues. (Read More)
The latest market update from digital asset firm CoinShares reveals that crypto-based investment products have recorded a second consecutive week…
The post Crypto Investment Weekly Outflows Hit $584M, Bitcoin Loses $630 Million first appeared on The Crypto Basic.
3iQ Digital Asset Management has made a significant stride in the Canadian digital asset market with its plan to introduce the Solana Fund, an exchange-traded product (ETP) based on Solana. This initiative showcases 3iQ’s pioneering effort as one of Canada’s leading investment fund managers exclusively focused on digital assets. If approved, the Solana Fund is […]
Konami Digital Entertainment has teamed up with Avalanche to debut Resella, an intuitive NFT platform simplifying NFT creation, issuance and trading.
Explore how YOLOv8 and NVIDIA JetPack 6.0 can optimize traffic flow, enhance safety, and promote sustainability in urban environments through Intelligent Transportation Systems. (Read More)
CoinSharesInternational Limited, a leading digital asset investment company, hasannounced the rebranding of its long-standing crypto ETP brand, XBT Provider,to "CoinShares XBT Provider." This move aligns with the company'sgroup strategy and sets the stage for expansion in the second half of 2024.
CoinShares Doubles Down onNordic Market with XBT Provider Rebrand
Since itsinception in 2015, CoinShares XBT Provider has been a pioneer in the crypto ETPspace, offering the world's first Bitcoin and Ethereum-based exchange-tradedproducts. With current assets under management (AUM) of $3.4 billion, thecompany has established itself as a trusted choice for Nordic investors seekingregulated crypto exposure.
As part ofits growth strategy, CoinShares is actively exploring new opportunitiestailored specifically for the Nordic market. Townsend Lansing, Head of Product at CoinShares, commentedon the potential for a new suite of next-generation products in the region.
OurCoinShares XBT Provider ETPs have delivered exposure to BTC and ETH for nearlya decade, he added.
What are the differences between Spot #Bitcoin ETFs and Physical Bitcoin ETPs? As the term 'ETF' has becomes more widely used by crypto investors around the world, it's time to take stock. Read more: https://t.co/YzFdXmO8zR pic.twitter.com/jC0VXXg983
CoinShares (@CoinSharesCo) June 12, 2024CoinShares'decision to concentrate on the Nordic market follows a period of significantgrowth and expansion for the company. The firm recently reported its mostsuccessful financial quarter to date and finalized thepurchase of Valkyrie Funds, a US-based investment company. Thisstrategic acquisition has considerably enhanced CoinShares' internationalreach and strengthened its ability to operate effectively in key marketsworldwide.
AcrossEurope and the US, we are seeing increased demand for crypto exposure viaregulated products as investors consider the potential benefits of includingdigital assets as part of their overall portfolio, commented Frank Spiteri,Head of Asset Management at CoinShares.
Spiteriadded that the current rebrand is the start of an exciting new chapter for CoinSharesNordic operations.
This isn'tthe only recent rebranding within the cryptocurrency sector. Less than twomonths ago, CoinW Exchange, a well-known entity in the digital asset tradingsphere, marked its sixth anniversary with significant changes. Based in Dubai,the exchange launched a rebranding campaign, which coincided withthe introduction of its Proprietary Trading (Prop Trading) product.
Two weeksprior, Okcoin Europe Ltd. took a decisive step to strengthen its position inEurope by changing its brand to OKX and naming Erald Ghoos as the new EuropeanGeneral Manager.
This article was written by Damian Chmiel at www.financemagnates.com.
In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal. According to a Bloomberg report, Google searches for NFTs have [...]
The post NFT Prices Tumble As Crypto Investors Place Big Bets On Bitcoin And Ethereum ETFs appeared first on Crypto Breaking News.
In May, the partners launched the first yield-bearing BTC ETP in Scandinavia.
CoinShares believes the turnaround is due to weaker than expected macro data in the U.S.
BlackRock is teaming up with the U.S. Securities and Exchange Commission to establish a new task force specifically focused on cryptocurrencies. This is a significant step in the world of finance as it signals a growing interest from traditional financial institutions in the world of digital assets. The collaboration aims to explore the potential of [...]
CoinShares’ latest weekly report revealed that crypto-related investment products saw their fourth consecutive week of negative flows, dominated by the “measurable outflows from the newly issued ETFs in the US.” According to the report, the market saw an outflow totaling $251 million, with the Newborn Nine spot Bitcoin ETFs accounting for over 60%, or $156 […]
The post US Bitcoin ETFs see record outflows as Hong Kong counterparts thrive appeared first on CryptoSlate.
Ascryptocurrency enthusiasts eagerly await the approval of a physically-backedEthereum (ETH) exchange-traded fund (ETF) in the US, London has also seen agroundbreaking development.
The UKsFinancial Conduct Authority (FCA) has approved two crypto exchange-tradedproducts (ETPs) by WisdomTree, which are soon to debut on the London StockExchange (LSE). 21Shares is also set to introduce its own instrument soon, after recent regulatory approval. ShareRewrite.
WisdomTree and 21Shares Become FirstCrypto ETPs Issuers in The UK
WisdomTree,a global issuer of exchange-traded products and funds with nearly $112 billionunder management, announced on Wednesday that it received FCA approval tolaunch two new instruments on the LSE: WisdomTree Physical Bitcoin (BTCW) andWisdomTree Physical Ethereum (ETHW).
Thesephysically backed ETPs are expected to launch next week, on May 28, 2024, andwill initially be available only to professional investors, though there is achance they will also reach retail investors in the future.
"WhileUK-based professional investors have been able to allocate to crypto ETPs viaoverseas exchanges, they will soon have a more convenient access point,"commented Alexis Marinof, the Head of Europe at WisdomTree.
on Terminal: WisdomTree said it's received approval from the FCA to list physically-backed Bitcoin and Ether exchange-traded products in London (for professionals only) all approved crypto ETPs are expected to go live on May 28
Emily Nicolle (@emilyjnicolle) May 22, 2024The newinstrument is set to offer competitive trading conditions compared to othercrypto ETPs listed in Europe. The management expense ratio (MER) will be 0.35%.
"FCAapproval in this regard could result in greater institutional adoption of theasset class, as many professional investors have been unable to gain exposureto Bitcoin and other cryptocurrencies due to regulatory limitations anduncertainty," Marinof added.
21Shares is also entering the market and already offers cryptocurrency instruments on nearly a dozen different exchanges.
"Londonhosts one of the deepest, most liquid capital markets in the world - wherethere is proven institutional interest in cryptocurrencies," said Ophelia Snyder, the Co-Founder of 21Shares. "As the largestglobal issuer of crypto-backed ETPs with more than 40 funds listed on 11different exchanges, we are delighted to be listing on the London StockExchange, following a recent approval from the FCA."
WisdomTree Bitcoin Fund
It'simportant to note that WisdomTree was one of the first to issue crypto ETPs inEurope in 2019, a year after 21Shares introduced this type of instrument. They currently offer a range of such instruments, which arelisted on exchanges in Germany, Switzerland, and in Paris and Amsterdam.
WisdomTreewas also among the companies that launched the first-ever spot Bitcoin ETF onWall Street in the first half of January 2024.
TheWisdomTree Bitcoin Fund is an exchange-traded fund whose investment objectiveis to gain exposure to the price of bitcoin, less expenses and liabilities, byholding bitcoin. The Fund will generally value its shares daily using anindependently calculated value based on an aggregation of executed trade flowof major bitcoin spot exchanges, the WisdomTree commented.
BTCW iscurrently priced at just under $74, close to its historical highs and showing adirect correlation with the price of Bitcoin. Since the lows of January, it hasgained over 80%.
What is thedifference between ETP and ETF? ETPs are a broad category that includes variousinvestment instruments like ETFs, exchange-traded nots (ETNs), and exchange-tradedcommodities (ETCs). ETFs are a specific type of ETP, so all ETFs are ETPs butnot all ETPs are ETFs.
This article was written by Damian Chmiel at www.financemagnates.com.
WisdomTree Inc. received the green light from the FCA to list a pair of physically-backed ETPs tracking Bitcoin and Ether on the London Stock Exchange.
The post Crypto Exchange-Traded Products Get UK Regulatory Green Light appeared first on Crypto Breaking News.
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