Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto …
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According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in …
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QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record highs, while the crypto sector remains firmly in the doldrums. QCP Capital Report …
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Rich Dad Poor Dad author Robert Kiyosaki is calling for Americans to protect their wealth in precious metals and Bitcoin (BTC). The best-selling author says that panics in capital markets are “visible” because everyone can see prices crash, but panics in banks are not so easily detectable. “Panics in banks are invisible. That means most …
A massive and potentially suspicious Bitcoin (BTC) transfer has been spotted on the blockchain, prompting speculation from experts. Blockchain tracking service Whale Alert spotted the transfer, reporting that 4,064 BTC worth about $238,655,421 was moved between two unknown wallets. Pseudonymous on-chain investigator ZachXBT also noticed the move, calling it a “suspicious transfer” that was immediately …
Investment giant BlackRock is now the biggest crypto exchange-traded fund (ETF) provider in terms of assets under management (AUM). According to blockchain intelligence firm Arkham, BlackRock’s ETF holdings have outpaced that of rival and longtime crypto ETF leader Grayscale. BlackRock’s iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust ETF (ETHA) now collectively represent $14.6 million …
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Digital assets manager CoinShares says that institutional crypto investors poured only minor inflows of capital into digital asset investment products last week. In its latest Digital Asset Fund Flows report, CoinShares says that Ethereum (ETH) competitor Solana (SOL) institutional crypto investment products saw record outflows last week amid an apparent loss of interest in memecoins. “Solana …
Former President Donald Trump is reportedly choosing the CEO of Tether custodian Cantor Fitzgerald to lead his transition team. According to a new report by Politico, Trump is announcing that Howard Lutnick, the chairman and chief executive of financial services giant Cantor Fitzgerald, will lead his transition team along with Linda McMahon, the former head of …
The Nigerian Federal Inland Revenue Service (FIRS) plans to introduce legislation to tax the growing crypto sector, according to local media outlet Business Day. FIRS Executive Chairman Zacch Adedeji announced this during a session with the National Assembly’s Finance Committees, highlighting that the new regulation would drive economic growth while encouraging innovation. Adedeji emphasized that …
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Bitwise Asset Management has announced the acquisition of ETC Group, a London-based digital asset manager known for creating Europe’s largest physical Bitcoin ETP, BTCE. This strategic move elevates Bitwise’s assets under management (AUM) to over $4.5 billion and enhances its capability to serve European investors with institutional-grade products. The acquisition includes Europe’s largest physical Bitcoin …
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Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › What makes DeMi Tokens the best choice for crypto mining? Bitcoin mining has long been considered a complex and costly endeavor, mainly due to the need to purchase equipment, spend money on electricity, and possess significant …
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Crypto investment products experienced a lukewarm performance last week, with modest inflows of $30 million, according to CoinShares weekly report. The weekly trading volume for these products also plummeted nearly 50% from the previous week, dropping to $7.6 billion. James Butterfill, CoinShares‘ head of research, explained that these numbers were the market’s reaction to recent …
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Tether said it is expanding its USDT stablecoin to the layer-1 blockchain network Aptos, according to an Aug. 19 statement. This move furthers USDT presence across various blockchain networks, including Ethereum, Tron, Avalanche, Celo, and Solana. However, most of Tether’s $116 billion supply remains concentrated on TRON and Ethereum, accounting for 88% of the total …
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Australia’s Securities and Investment Commission (ASIC) has shut down 615 crypto scam websites over the past year, according to an Aug. 19 statement. This action is part of a broader effort to combat investment fraud in the country. The regulator closed 7,300 scam websites, including 5,530 fake investment platforms and 1,065 phishing sites. Over $1 …
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Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Etherscan’s New Decimal …
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