European asset management firm’s team blocked crypto ETP investment

Jupiter Asset Management (JUN) is withdrawing its investment in one of its exchange-traded cryptocurrency products (ETPs). JUN, a London-listed firm with more than $65.8 billion in assets under management, has pulled out of the investment due to compliance issues, the…

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Solana surpasses BNB Chain as fourth-largest digital asset by market cap

Solana’s SOL has surged past Binance-backed BNB in the last 24 hours, securing its position as the fourth-largest digital asset by market capitalization. Data from CryptoSlate showed that SOL’s market cap is wavering around $50 billion, marking its first foray past this threshold since December.

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MicroStrategy pivots to Bitcoin development, flaunts $3.5 billion in unrealized profit

MicroStrategy is rebranding into a Bitcoin development company to reflect the success it enjoys with the flagship digital asset. In a Feb. 12 CNBC interview, Michael Saylor, the company’s executive chairman, said: “MicroStrategy is now a Bitcoin development company, in the same way you would see a real estate or petroleum developer.

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ETF effect: How inflows into digital assets crossed $1B last week

The AuM surged to a two-year high of $59 billion. The potential sale of Genesis Global's holdings could be a major bearish catalyst. Digital asset funds recorded net inflows for the second cThe post ETF effect: How inflows into digital assets crossed $1B last week appeared first on AMBCrypto.

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Grayscale could lose all its holdings within the next two months

Grayscale, a leading crypto asset management firm based in New York, finds itself at the centre of a financial storm as its Bitcoin Trust experiences a rapid outflow of funds. In a previous news coverage, we highlighted that the outflows had crossed $2 billion as BlackRock and Fidelity surpass $1 billion inflows. The Grayscale outflows […]

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Coinbase Records $7.7 Billion BTC Sales on Bitcoin ETF Launch Day

Coinbase's record $7. 7 billion Bitcoin OTC trading volume signifies a pivotal moment in crypto history, reflecting the sector's growth and the legitimization of cryptocurrencies as a permanent asset class.

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Whales Closing In On This Presale Fast. Find Out What’s Got Their Attention

Demand for Bitcoin ($BTC) futures has surged, and open interest approached nearly $21 billion in early December. TradFi actors are rushing into the digital asset space, and options, a slightly more sophisticated financial tool, are their bread and butter.

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Qatar Sovereign Wealth Fund Is Reportedly Ready To Splash A Jaw-Dropping $500 Billion On Bitcoin

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World's Largest Bitcoin Futures ETF Breaks 2021 Record Highs for Assets Under Management

ProShares' BITO now has $1.47 billion in holdings, as a flurry of bitcoin ETF applications in the U.S. seemingly spurs institutional interest in the asset.

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CZ departure, Binance deal lead to purge of $175M of crypto longs

Data aggregator DefiLlama showed that Binance’s crypto asset inflows have fallen by over $1 billion in the last 24 hours.

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Binance Ready to Pay $4.3 Billion DoJ Fine Without Selling Crypto

Binance likely has enough crypto to cover $4.3B fine without asset sales, preventing pressure on prices, according to Coinbase's director.

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Crypto investment products see surge amid ETF proposals

CoinShares reports a $293 million surge in crypto investments, hitting $1.14 billion. The rise is attributed to the potential listing of a spot-based Bitcoin ETF. Looking at the last two weeks, the European crypto asset manager suggests this is a…

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Crypto ETP inflows surpass $1B year-to-date as total AuM hits May 2022 high

Digital asset investment products recorded inflows of $293 million last week. Bitcoin saw $240 million, Ethereum $49 million and Solana $12 million. A report by CoinShares shows year-to-date inflows have surpassed $1 billion.

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Investor confidence in digital assets soars as ETP inflows surpass $1 billion in 2023

The latest CoinShares report for Nov. 13 reveals a sustained influx of capital into digital asset ETPs, marking a significant milestone in the current fiscal year. Last week’s inflows amounted to $293 million, contributing to a year-to-date total that surpasses $1 billion, an indicator of burgeoning interest from investors.

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Crypto asset inflows top $1B as Bitcoin ETF optimism grows

Inflows into crypto asset investment products have surpassed $1 billion this year due to the prevailing optimism surrounding the possible approval of a spot Bitcoin exchange-traded fund approval (ETF), according to CoinShares Senior Analyst James Butterfill.

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MicroStrategy up $1.2B on its holdings as Bitcoin rallies

Bitcoin’s (BTC) recent rally to a yearly high of more than $37,000 has pushed MicroStrategy‘s multibillion-dollar bet on the flagship digital asset into a whopping profit of more than $1 billion.

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FTX seeks sale of Grayscale and Bitwise assets worth $744M

The $744 million trust asset sale request comes after the judge approved the phased-out sale of nearly $3.4 billion in crypto assets in September.

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German asset manager DWS internally split on crypto as one camp still believes crypto is ‘worth zero’

The inherent value of digital currencies remains a hot topic of dispute for legacy fund managers, ignited by the $900 billion German asset manager DWS Group holding two contrasting viewpoints on crypto within the firm.

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Gemini sues Genesis over $1.6B worth of Grayscale Bitcoin Trust shares originally posted as collateral

Gemini Trust Co. filed suit against troubled digital asset lender Genesis Global Capital on Oct. 27, seeking to recover $1. 6 billion in collateral for Gemini customers trapped when Genesis halted withdrawals in November.

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Digital asset market cap surges by $250 billion in October as tech stocks plummet

Quick Take The ‘Magnificent 7’, a moniker for the top 7 tech stocks – Apple, Tesla, Nvidia, Amazon, Meta, Google, Microsoft – have been a beacon of robust performance with impressive year-to-date gains.

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Convergence in drawdowns of Bitcoin and U.S. long bonds, as TLT plunges

Quick Take Last week, Oct. 18, analyst Dylan Leclair observed a similarity in the drawdowns of Bitcoin and TLT. A comparison of the drawdowns of Bitcoin and TLT, the U. S. long bond, an ETF with a total asset holding of $95 billion, according to VettaFi, reveals a fascinating trend.

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Tokenized RWAs Could Grow to a $10T Market by 2030 as Crypto Converges to TradFi: Report

The market for tokenized real-world assets could grow to $10 billion by 2030 as crypto is maturing and increasingly integrates with existing financial plumbing, crypto asset management firm 21.co said in a report.

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Bitcoin stakes claim as 13th largest asset by market cap, nearing half of Silver

Quick Take Bitcoin has staked its claim as the 13th largest asset by market cap, evaluated at $555 billion. This places it snugly between Visa, the 14th largest asset with a market capitalization of $499 billion, and Eli Lilly, standing at 12th with a market cap of $585 billion.

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Sui - Building the stack for the next billion users

Evan Cheng is the Co-Founder and CEO at Mysten Labs building Sui, an innovative, decentralized Layer 1 blockchain that redefines asset ownership. Evan previously spent time at Apple and Meta.

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South Korea’s crypto market soars to $21.1 billion in H1

South Korea’s digital asset market has seen remarkable growth in the first half of 2023, with its total market capitalization hitting $21.1 billion. The Financial Services Commission (FSC) of South Korea revealed that the country’s crypto market cap witnessed a…

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These Bitcoin Holders Have Bought Almost $2 Billion In Last 6 Weeks: Data

On-chain data shows that mid to large Bitcoin holders have purchased almost $2 billion in the asset during the past six weeks. Bitcoin Holders With 1 To 10,000 BTC Have Neared All-Time High Holdings According to data from the on-chain analytics firm Santiment, the mid to large-sized BTC addresses have added 71,555 BTC to their holdings recently.

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Celsius Commits To Massive Crypto Repayment: $2 Billion To Creditors By 2023’s End

Celsius Network, a bankrupt digital asset lender, has revealed plans to begin repaying creditors using billions of dollars in crypto assets before the year’s end.   The company presented a restructuring plan, outlined in a recent filing to a US bankruptcy court, which aims to generate funds for a new corporate spinoff known as “NewCo” and facilitate customer repayments.

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Grayscale Files With SEC To Convert Its $5 Billion Ethereum Trust Into A Spot ETF

Grayscale Investments, the world’s biggest digital asset manager, has filed paperwork with the U.S. Securities and Exchange Commission (SEC) for permission to turn the Grayscale Ethereum Trust (ETHE) into a spot ether exchange-traded fund (ETF).

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Grayscale Files to Convert $5 Billion Ethereum Trust into Spot ETF

Leading crypto asset manager seeking to convert its renowned Grayscale Ethereum Trust (ETHE) into spot Ethereum ETF

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Bitcoin Asset Management to Grow to $650 Billion Industry: Alliance Bernstein

The institutional Bitcoin asset management sector could swell to a $650 billion industry within the next five years, a new Alliance Bernstein report finds.

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Crypto Funds Could Manage as Much as $650B Within 5 Years, Bernstein Says

The crypto industry is expected to transition into a formal, regulated asset management industry from a ‘cottage industry’ with $50 billion of assets, the report said.

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Japan’s banking giant Nomura launches Bitcoin adoption fund

Japan’s financial giant Nomura launches Bitcoin adoption fund The Bitcoin Adoption Fund is offered by Laser Digital Asset Management, a subsidiary of $500 billion Nomura. Laser Digital’s new fund offers long-only exposure to Bitcoin (BTC).

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$500 Billion Nomura's Digital Asset Subsidiary Launches Bitcoin Fund for Institutions

The Laser Digital Bitcoin Adoption Fund promises institutional investors seamless access to Bitcoin.

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Chainlink surges amid high exchange inflows and social volume

Chainlink’s (LINK) price has constantly risen since Sept. 11, after the asset hit a local bottom of $5.7 with a market cap of $3.1 billion. LINK is up by 5% in the past 24 hours and is trading at $6.56…

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Bitcoin Steady at $26K, SOL Slightly Dips After FTX Gets Approval to Sell Crypto

Crypto exchange FTX got court approval to sell part of its $3.4 billion digital asset holdings.

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Beyond Solana: FTX’s $3.4 Billion Asset Liquidation Threatens Market Stability for BTC, ETH, XRP and These Crypto Assets

According to Wu Blockchain, a crypto news reporter, FTX’s financial situation is quite complex, with holdings distributed across a variety of cryptocurrencies. As of August 31, while the exchange did hold a significant $1.

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Bitcoin, Ether, SOL, XRP Risk Deeper Losses As FTX Seeks To Sell $3.4 Billion In Crypto

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FTX Reveals $1.1B in Solana Ahead of Court Approval for Asset Sales

Bankrupt crypto exchange FTX reveals a $3.4 billion crypto reserve, including significant holdings in Solana and Bitcoin.

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XRP, SOL, ETH Among Key Assets in FTX’s $3.4 Billion Liquidation Plan

Cryptocurrency markets are bracing for impact as FTX, the troubled crypto exchange that declared bankruptcy last year, nears approval for a massive $3.4 billion asset liquidation

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What is the Market Impact as FTX Prepares to Liquidate $3.4 Billion in Cryptos?

Crypto market apprehensive as FTX awaits $3. 4 billion asset liquidation approval. The exchange has also taken legal action to recover funds. The post What is the Market Impact as FTX Prepares to Liquidate $3.

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Cardano Whales Sell 1.02 Billion ADA, More Pain Ahead?

On-chain data shows the Cardano whales have sold more than a billion ADA during the past week, a sign that pain may not be over for the asset yet. Cardano Whales Have Participated In Some Distribution Recently Cardano didn’t have the best time in August, as the cryptocurrency registered a more than 18% drop.

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Polygon Teams up With Mirae Asset Securities, Korea's Largest Financial Group

Ethereum scaler Polygon set to advance tokenization instruments of $500 billion Korean asset manager

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$291 Billion Asset Manager Predicts Bitcoin’s Rise To $150,000 Post-Halving

Ric Edelman, the founder of the $291 billion asset management firm Edelman Financial Services, holds the belief that Bitcoin will not only reach but also surpass a six-figure price within just a few months following the 2024 halving.

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Grayscale revealed as second-largest Bitcoin holder despite confidentiality efforts: Arkham Intelligence

Blockchain analytical firm Arkham Intelligence identified Grayscale’s Bitcoin Trust as the second-largest Bitcoin (BTC) holder in a Sept. 6 post on X, formerly Twitter. The company said that the trust is the “second largest BTC entity globally” and that the fund contains over $16 billion of the flagship digital asset.

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$2.8 billion traded in Digital Asset ETPs this week as outflows slow

The digital asset market has experienced a minor cooling-off phase, with outflows totaling roughly US$11. 2 million over the week, according to recent data by digital asset firm CoinShares. Despite this streak of negative sentiment, Bitcoin emerged as a beacon with inflows totaling US$3.

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Stargate deployed on Kava Chain to expand the reach of Tether’s Cosmos-native USDt

Stargate, the top native asset bridge and omnichain liquidity layer with a lifetime transaction volume of over $18 billion, has been deployed on Kava Chain, the Cosmos-Ethereum interoperability Layer 1.

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Stargate Deploys to Kava Chain Unifying Cosmos-Ethereum Liquidity

Georgetown, Cayman Islands, August 28th, 2023, Chainwire Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1.

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Stargate Deploys to Kava Chain Unifying Cosmos-Ethereum Liquidity

Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1

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FTX debtors and UCC clash over asset control in restructuring

FTX strongly criticized the UCC’s pursuit of asset control, recommending that debtors allocate nearly $2.6 billion from cash reserves into short-term Treasurys.

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