Vaneck, a global investment management firm, has announced the launch of a $ 30 million early-stage venture fund targeting fintech, digital assets, and artificial intelligence (AI) startups. Vaneck’s $ 30M Fund to Invest in Fintech, Digital Assets, and AI Named Vaneck Ventures, the fund will support companies in the pre-seed and seed stages, …
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures. Bitwise to Combine Bitcoin and Ethereum ETFs According to the SEC filing, […]
Institutional investors and wealth managers anticipate a sharp increase in digital asset fund launches, with 70% of those surveyed expecting a rise over the next 12 months, according to new research by Nickel Digital Asset Management. 92% of respondents also foresee traditional financial institutions entering the sector with their own funds, driven in part by […]
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $ 186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale’s ETHE, which has experienced a $ 2.75 billion outflow since July 23. Bitcoin ETFs Shine as Ether Funds Stumble …
The U.S. Securities and Exchange Commission (SEC) has slapped Galois Capital Management LLC with a $ 225,000 fine for falling short of the Custody Rule laid out in the Investment Advisers Act. The crypto-centric hedge fund and advisory firm was also accused of misleading investors about the redemption process. SEC Charges Galois Capital According …