Switzerland-based investment product issuer – 21Shares – is launching two private funds tailored for US accredited investors to gain exposure to crypto assets. The products will track top and mid-tiers cryptocurrencies available on US exchanges. Entering the US Market According to the press release by the firm, the two products – 21Shares Crypto Basket 10 … Read more
The world’s largest digital asset manager – Grayscale – will reportedly launch an exchange-traded fund in Europe. The product, tracking the “Bloomberg Grayscale Future of Finance Index,” will go live in the UK, Germany, and Italy. Grayscale’s First ETF in Europe A few weeks ago, CEO – Michael Sonnenshein – disclosed that the company seeks … Read more
It’s a polarizing world in institutional Bitcoin offerings this week as Grayscale’s CEO remains convinced demand will return. Bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler. According to data from on-chain monitoring resource Coinglass on May 13, the Grayscale Bitcoin Trust (GBTC) is now trading at … Read more
Two new bitcoin ETFs launched today in Australia, a spot bitcoin fund directly acquiring bitcoin and a de-facto fund of funds. Australian bitcoin ETFs went live on Thursday. Both a spot bitcoin fund, the country’s first, and a fund of funds launched on the Australian Cboe. The launch was a timid one amid a broader … Read more