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Home > Management Shutters Asset Management Subsidiary Amid Crypto Winter and Industry Turmoil – Bitcoin News

According to reports and a filing that shows its name struck off the U.K. companies’ register list, is sunsetting its Asset Management subsidiary. A company spokesperson cited deteriorating “macroeconomic conditions” and the “crypto winter” as some of the reasons for halting the institutional business. The Impact of Crypto Winter

Read More Decides to Shut Down London-based Crypto Asset Management Wing

Citing the strong deterioration in the macroeconomic data, decided to shutdown BACM that served institutional players. The crypto market turmoil and liquidity issues have been impacting several crypto firms. Popular crypto startup has decided to shut down its UK-based crypto asset management arm. According to the filing on Companies

Read More suspends its asset management subsidiary launched in April: Report

Cryptocurrency financial services company will suspend operations of its asset management subsidiary, according to a Bloomberg report published March 9. The service had existed less than a year and appears to be the latest casualty of the crypto winter.The subsidiary, known as Asset Management, is based in London.

Read More to Suspend Operations of Asset Management Arm: Bloomberg Asset Management, or BCAM, was started in April 2022 in an effort to attract institutional investors. Shortly after, the crypto industry hit a rough patch, with asset prices falling rapidly following the bankruptcy of crypto lender Celsius Network, and continuing with the fall of multiple other prominent crypto firms. Source

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Digital Assets Under Management 5.25% Higher in February — Grayscale Still ‘Most Dominant Player’ – Featured Bitcoin News

The value of digital assets under management (AUM) for digital asset investment products in February rose to $28.3 billion, the highest number recorded since May 2022, according to Cryptocompare stats. The increase came against the background of rising U.S. Securities and Exchange Commission (SEC) enforcement actions against crypto industry players.

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Coinbase announces acquisition of One River Digital Asset Management

United States-based cryptocurrency exchange Coinbase has acquired cryptocurrency-focused hedge fund One River Digital Asset Management, or ORDAM.In a March 3 blog post, Coinbase said One River Digital will transition to become Coinbase Asset Management, “an independent business and wholly-owned subsidiary” of the crypto exchange. One River Digital is registered as

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