Asset Management News

The Bitcoin assets under management (AUM) market fell 9.5% to $48.7 billion in November while altcoin-based crypto funds such as Ether saw their AUM rise 5.4% to $16.6 billion.

The SEC claimed any rule change in favor of approving the ETF would not be “‘designed to prevent fraudulent and manipulative acts and practices” nor “protect investors and the public interest.”

Institutional investors piled $225 million into Bitcoin products, while Ether products saw outflows of $13.6 million this past week.

Samson Mow, Charlie Lee, Wei Zhou and Kain Warwick were the main contributors to the Monochrome private sale, which concluded last week.

With more than $1.4 trillion in assets under management, Franklin Templeton is one of the world’s largest independent asset managers.

The investment firm already has significant exposure to gold, minerals, precious metals, petroleum and other natural resources.

The Grayscale Bitcoin Trust, which trades under the ticker symbol GBTC, is being snatched up by institutional managers looking for more traditional exposure to digital assets.

SEC Chair Gary Gensler recently hinted that he would be more open to accepting ETFs based on crypto futures rather than through direct exposure.

At least three executives at the $45 billion firm have participated in a funding round for the blockchain-focused VC group Borderless Capital.

Cathie Wood's Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week.

MicroStrategy’s stock price rose by more than 1.5% to reach $628.44 at the time of publication, making Capital International’s shares worth roughly $600 million.

The Series B funding round was led by China Renaissance, with participation from several crypto venture funds, including Tiger Brokers, Tiger Global Management, Arena Holdings, DCM Ventures and Gobi Partners.

The filing came before the commission's June 17 deadline to approve or disapprove of the Bitcoin ETF following an extension in April.

The firm aims to let U.S. investors get exposure to crypto through a private fund tracking the Nasdaq Crypto Index.

The firm’s co-founder Alan Howard already has a personal stake in One River Digital Asset Management's crypto ventures.