News with the tag "asset management"

U.S. President Trump's announcement last weekend about the formation of a strategic crypto reserve in the U.S. is bullish despite the market's subsequent reaction, asset manager Bitwise said in a research report Tuesday. Crypto markets soared following the news, but by Monday had given back all thes...

In the rapidly evolving landscape of cryptocurrency investments, Exchange-Traded Funds (ETFs) have emerged as a pivotal vehicle for institutional and retail investors seeking exposure to digital assets without the complexities of direct ownership. A recent disclosure by crypto investor HODL15Capital...

In a monumental development within the cryptocurrency landscape, BlackRock’s spot Bitcoin ETF (IBIT) has made headlines by purchasing a staggering $2.6 billion worth of Bitcoin over the past week. This impressive acquisition translates to an average daily purchase of approximately half a billion dol...

The head of a $210 billion asset management firm has decided to unload a massive pile of assets. Billionaire Israel “Izzy” Englander, CEO of Millennium Management, has sold off 68% of the firm’s Walmart (WMRT) position – 8.1 million shares worth about $745 million – according to its latest filings w...

Bitwise’s 10 Crypto Index Fund was launched in November 2017, with the bulk of the index fund comprised of Bitcoin and Ether.

NYSE Arca has filed with the SEC to list the Bitwise 10 Crypto Index Fund, aiming to convert the $1.3 billion trust into a regulated ETF.

Together the companies control major portions of the US and European crypto index and analytics markets.

Key Points: According to Bloomberg, Brazilian asset manager Verde Asset Management, led by industry veteran Luis Stuhlberger, is capitalizing on Bitcoin’s recent rally, influenced by President-elect Donald Trump’s pro-crypto stance and anticipated support from Congress. Read more: Brazilian Authorit...

The Union Bank of Switzerland (UBS) has introduced a new digital finance advancement by releasing the “UBS USD Money Market Investment Fund Token” (uMINT), a money market fund developed on the Ethereum blockchain. According to a Nov. 1 statement, the UBS tokenized investment fund showcases its dedic...

The asset manager became the third firm to apply for listing and trading shares of a spot XRP ETF, following Canary Capital and Bitwise.