Europe-based asset management firm CoinShares is set to acquire Valkyrie’s crypto-focused exchange-traded funds (ETF) investment advisory business, marking its entry into the U.S. market. This move follows the recent approval of Valkyrie’s spot Bitcoin ETF, the Valkyrie Bitcoin Fund (BRRR), by the U.S. Securities and Exchange Commission (SEC).The acquisition is part of CoinShares’ strategy to […]
BlackRock’s Chief Executive Officer, Larry Fink, has recently voiced his support for an Ethereum Exchange Traded Fund (ETF). In a conversation with CNBC, Fink expressed his belief in the potential of tokenization, stating that it represents the future of the financial industry.His comments came shortly after the launch of BlackRock’s own Bitcoin ETF, marking the […]
UBS, a leading banking institution based in Zürich, is set to allow certain clients to trade bitcoin ETFs, albeit under specific conditions, as revealed by an anonymous source close to the bank. The stipulations include a prohibition on UBS soliciting the trades, and a restriction preventing accounts with a lower risk tolerance from purchasing them. […]
CoinShares, a European investment company, has announced its decision to acquire Valkyrie Funds LLC, the investment advisory arm of US digital asset manager Valkyrie Investments Inc. This move is a direct response to the US Securities and Exchange Commission’s (SEC) approval of Valkyrie’s spot Bitcoin ETF, ‘The Valkyrie Bitcoin Fund (BRRR)’, which began trading on […]
Larry Fink, CEO of BlackRock, the world’s largest asset management firm, has recently shown a keen interest in Ethereum ETFs (exchange-traded funds). This interest marks a potential turning point in the digital finance landscape, especially at a time when cryptocurrencies are gaining significant traction towards mainstream acceptance.Fink’s interest in Ethereum ETFs not only highlights the […]
Bitcoin ETFs, backed by actual bitcoin, made their debut on US exchanges on Thursday, following over a decade of attempts. However, this development has had little impact on bitcoin’s price. After the ETFs went live, bitcoin briefly approached $49,000 but has since lost about $3,000, marking a 6% retracement.This is slightly below the level it […]
Stablecoin firm Circle has confidentially filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC). This marks a significant shift for the company, which is making another attempt to go public after terminating a prior deal a year ago. The company announced its move through a press statement, revealing that […]
Senator Elizabeth Warren, a member of the Senate Banking Committee, has publicly criticized the Securities and Exchange Commission (SEC) for its recent approval of 11 spot Bitcoin exchange-traded funds (ETFs). Warren argues that the SEC’s decision is flawed both legally and policy-wise, and she emphasizes the urgent need for basic anti-money laundering (AML) rules in […]
Crypto expert Anthony Sassano has offered a bullish outlook for the Ethereum ecosystem, predicting that Ethereum could reach a new all-time high this year. Sassano specifically suggested that Ethereum could rise to as high as $10,000 this year, particularly if the hype around Ethereum Spot ETFs gets “ahead of itself”.These ETFs are expected to be […]
The United States House of Representatives Financial Services Committee (FSC) has initiated a working group on artificial intelligence (AI) to delve into the impact of AI on the financial services and housing sectors. The announcement was made by the House Financial Services Committee Chairman, Patrick McHenry, and Ranking Member Maxine Waters on Jan. 11, 2024.The […]
