Digital Asset Management News

The asset management firm has announced a $70 million funding round led by Electric Capital, MIT Investment Management Company, and other investors.

Bitwise’s Matt Hougan said crypto wouldn’t “fully overcome” a four-year cycle but said market pullbacks would be “shorter and shallower” than before.

Bitwise registered a Dogecoin trust in Delaware earlier this month, but its latest filing makes its bid to launch a Dogecoin ETF official with the SEC.

Pyth Network partners with Revolut to integrate digital asset data into DeFi, bridging the gap between TradFi and Web3.

To kick things off, Ripple’s XRP Ledger will tokenize asset manager asset manager abrdn’s $4.77 billion US dollar Liquidity Fund.

“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may surprise us with revolutionary use cases that we can't fully envision today,” a 21Shares executive said.

By integrating Bitcoin into client portfolios, Strive’s new wealth management unit can, in part, offer Americans “true financial freedom,” its CEO Matt Cole said.

Fidelity said personal information was stolen in a recent data breach but stressed that its customer accounts weren’t affected.

Assetera and Archax are collaborating to provide investors with regulated access to tokenized funds, including real-world and digital assets.

This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn.

The firm revealed it has “$44.3 trillion in assets under custody and/or administration and $4.4 trillion in assets under management.”

The acquisition adds nine European-listed crypto ETPs to Bitwise’s portfolio and raises its assets under management to over $4.5 billion.

Despite the fun-sounding tickers, the two newly launched Direxion funds saw less than $50,000 in combined trading volume on their first trading day.

The DigitalX Bitcoin ETF will be listed under the ticker BTXX on July 12, becoming the second spot Bitcoin ETF to be approved on the ASX after VanEck’s in June.

State Street believes the “next level of growth” will come from investment options offering more than “pure spot” Bitcoin.