Top investment managers such as BlackRock, ARK Invest, VanEck, and Bitwise have recently submitted revised S-1 forms to reduce their spot Bitcoin exchange-traded fund (ETF) management fees, as per the latest updates from the U.S. Securities and Exchange Commission (SEC).The management fees charged by these issuers are as follows:BlackRock imposes a management fee of 0.2% […]
BlackRock, a leading global investment firm, is reportedly on the verge of announcing a significant downsizing of its workforce. The impending layoffs, accounting for about 3% of its global workforce, will result in approximately 600 employees leaving the company. These layoffs are being internally described as routine, aligning with BlackRock’s previous practices. In 2023, the […]
In an effort to provide a platform for women to share their personal experiences, e-fundresearch.com has launched a new series of articles in 2023 titled ‘Role Models’. Five role models were asked to share their advice for women aspiring to build a career in asset management. Here are their responses:Katja Müller, Chief Customer Officer at […]
Core Scientific, a major Bitcoin mining company that filed for bankruptcy, has successfully closed a $55 million equity offering. This move comes as the company prepares to emerge from its Chapter 11 filing in December 2022. The equity offering was oversubscribed, leading to excess capital being returned to investors.Adam Sullivan, CEO of Core Scientific, stated […]
Core Scientific, a major Bitcoin mining company that filed for bankruptcy, has successfully closed a $55 million equity offering. The offering was oversubscribed, leading to the return of excess capital to investors. Following the full repayment of previously drawn amounts on its debtor-in-possession (DIP) financing, the company is set to emerge from Chapter 11 in […]
UBS, the banking giant, is setting its sights on expanding its wealth and asset management presence in China. This strategic move is driven by the potential the bank sees in the country, according to Eugene Qian, the country head of UBS and chairman of UBS Securities.Qian shared these insights during his speech at the UBS […]
Despite economic challenges and a scarcity of deals, UBS Group AG, the Swiss multinational investment bank, is steadfast in its goal to bolster its wealth and asset management operations in China. Eugene Qian, the China head of UBS, underscored the strategic importance of the Chinese market and announced the bank’s plan to further expand its […]
In a significant move signaling strategic expansion, CleanSpark has invested a whopping $193 million in new miners. This investment comes as the company prepares for Bitcoin’s next halving event.The company’s ambitious goal is to achieve a fivefold increase in its hashrate. The hashrate is a key performance indicator in the world of cryptocurrency mining, representing […]
In a surprising turn of events, Chainlink’s (CRYPTO: LINK) price has seen a 5.07% increase in the last 24 hours, reaching $14.21. This is a notable shift from its recent negative trend, where it suffered an 8.0% loss over the past week, dropping from $15.46 to its current price. The coin’s all-time high remains at […]
Custodia Bank CEO Caitlin Long has raised concerns about a “hidden risk” associated with the imminent launch of several Bitcoin ETFs in the United States, following BlackRock’s recent update to its S-1 filing. Long suggests that sponsors may seek to increase their profits through securities lending, a practice that could expose investors to hidden risks.Long’s […]
