CoinShares Completes Napoleon Acquisition, Can Now Offer Products Across EU
Digital asset manager CoinShares has completed the acquisition of Napoleon Asset Management allowing it to offer its products and services across the EU. Source
Read More
Products
AUM of Crypto Investment Products at Record Lows in June, Trust Products Garner Lowest Total Since December 2020 – Bitcoin News
The latest data from Cryptocompare shows that assets under management (AUM) of crypto investment products reached record lows during the month of June. The data also shows 21 Shares Short Bitcoin ETP as the only digital investment product that registered a positive 30-day return (30.8%) as of June 23. Three Arrows
Read More
Chainlink’s Smart Contract Products Go Live on Fantom
Keepers is a decentralized transaction automation service and allows developers to automate any smart contract function using custom triggers. Developers can set predefined conditions that Keepers continuously checks, and when those conditions are met, it will trigger the smart contract’s function. Source
Read More
Institutional crypto asset products saw record weekly outflows of $423M
Digital asset investment products saw record outflows totaling $423 million last week, with institutional investors from Canada representing nearly all of the carnage. According to the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, Canadian investors offloaded a whopping $487.5 worth of digital asset products between June 20
Read More
Prime Trust Raises $107M With Eyes on Crypto IRA, Tokenized Asset Products
The Las Vegas company is going into build mode, bear market be damned. Original Source
Read More
SEC Chair Warns of ‘Too Good to Be True’ Crypto Products — US Treasury Calls for Urgent Regulation – Regulation Bitcoin News
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the recent crypto market turmoil underscores the urgent need for regulatory frameworks that mitigate the risks posed
Read More
Why Latin American Crypto Exchanges Are Doubling Down on Yield Products
In April, Bitso, the leading Latin American crypto exchange, launched an earnings yield feature with 15% rates on the USDC, USDP and BUSD stablecoins and up to 6% on bitcoin. The service is available for the company’s 4 million users in the four countries where it operates, Mexico, Brazil, Argentina
Read More
Over 200K BTC now stored in Bitcoin ETFs and other institutional products
Bitcoin (BTC) investment vehicles are seeing “gargantuan” inflows this month, which is a fresh sign that traders’ appetite for BTC exposure is mounting.Data from monitoring firm Arcane Research published this week shows that Bitcoin exchange-traded products (ETPs) now have record high BTC under management."Happier days" for Bitcoin ETPs as buyers
Read More
Binance Obtains Regulatory Approval to Offer Crypto Products in Italy – Regulation Bitcoin News
Crypto exchange Binance has received regulatory approval from Italy’s financial regulator to operate as a cryptocurrency service provider in the country. “Clear and effective regulation is essential for mainstream adoption of cryptocurrencies,” said Binance CEO Changpeng Zhao. Binance Now Licensed in Italy Binance announced Friday that Binance Italy “has received regulatory approval”
Read More
ZenLedger Raises $15M to Expand Crypto Tax Products
ZenLedger, a tax software company, is planning new products that push into institutional markets. Source
Read More