Tags : Fund

Bitcoin

$270 billion fund Guggenheim is seeking Bitcoin exposure, SEC filing

Guggenheim Partners, one of the world’s largest fund managers with $270 billion in client assets under management, is seeking exposure to Bitcoin as part of a new fund, a filing with the US Securities and Exchange Commission (SEC) showed yesterday. They are coming for Bitcoin The fund, officially the ‘Guggenheim Active Allocation Fund,’ will invest […]Read More

Cryptocurrency

Every fifth hedge fund already invests in cryptocurrencies, reports PwC

News › Bitcoin › Investments Crypto-focused hedge funds have doubled their assets under management in 2020, researchers at PricewaterhouseCoopers revealed. Liam Frost · May 24, 2021 at 8:00 pm UTC · 2 min read Around 21% of traditional hedge funds in the world have already invested in cryptocurrencies—while crypto-focused ones doubled their assets under management […]Read More

Blockchain

China Merchants Bank joins local DeFi protocol to launch $50

Nervos, a China-based blockchain and decentralized finance (DeFi) protocol, today announced the launch of a $50 million fund with CMB International (CMBI), a wholly-owned subsidiary of China Merchants Bank, as per a release. 🗣 BIG NEWS Nervos has partnered with CMBI to launch #InNervation, a $50M fund for early and growth-stage startups building dApps, #DeFi […]Read More

Bitcoin

US bank BNY Mellon blames “no exposure to Bitcoin” for

US bank BNY Mellon says one of its technology-focused funds had underperformed the market because it wasn’t exposed to companies investing in Bitcoin, a filing from yesterday showed. As of the second quarter of 2020, BNY Mellon is the world’s largest custodian bank and asset servicing company, with over $2.0 trillion in assets under management […]Read More

Bitcoin

A $1.45 billion Bitcoin fund is soon listing on NASDAQ

3IQ Corp, the company behind a $1.45 billion Bitcoin Fund listed on the Toronto Stock Exchange (TSX), is gearing up to list it on Nasdaq Dubai, local outlet The National reported today. “We’re aiming for listing in the second or third week of May and trading by the end of May. Listing the fund on […]Read More

Bitcoin

Evolve Fund Files for Ethereum ETF after Bitcoin Approval in

Just weeks after opening a Bitcoin (BTC) exchange-traded fund, Evolve Fund has opted to file for a similar ETF product based on Ethereum (ETH). With $1.7 billion assets under management, Evolve is a Canadian-based ETF provider that specializes in “bringing disruptive innovation ETFs to Canadian investors.”  Just a month prior, Evolve Funds scored an approval […]Read More

Cryptocurrency

Major Dubai crypto fund to sell $750M worth of BTC

FD7 Ventures, a Dubai-based crypto investment fund with $1 billion under management, has announced plans to sell off $750 million worth of their Bitcoin holdings in the next month. The proceeds from the sell-off will be used to purchase Cardano and Polkadot, as the fund’s managing director says he believes ADA, DOT, and ETH will […]Read More

Bitcoin

Fund manager outlines 4 silver lining to recent Bitcoin sell-off

The price of Bitcoin steeply pulled back yesterday, on February 23. Following the major 17% correction, investors and fund managers remain generally optimistic. What’s behind the optimism towards Bitcoin? Typically, after such a large sell-off, the market sentiment often dwindles. However, in the case of Bitcoin in the last 24 hours, the market sentiment has […]Read More