CoinShares’ weekly report reveals that digital asset investment products saw outflows for the third consecutive week with outflows totaling USD28 million.
Crypto ETP issuer 21Shares AG has hired Isabell Moessler as Head of Distribution for the EMEA region (Europe, Middle East, Africa). Since its founding in 2018, 21Shares has, in less than three years, rapidly grown to USD1.2 billion in assets and 15 listed crypto ETPs.
Viridi Funds, a registered investment adviser and emerging fund manager, is launching a publicly traded clean energy bitcoin mining ETF, Viridi Cleaner Energy Crypto-Mining & Semiconductor ETF, on the NYSE with the ticker RIGZ.
Crypto ETP specialist firm 21Shares AG has established a partnership with the largest German online retail platform, comdirect, making them the sole provider of physically-backed crypto ETPs to the online broker’s savings plan program (the Spar plan).
Grayscale Investments has announced that it has selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust (OTCQX: GBTC), the flagship product of Grayscale Investments LLC (Grayscale).
German-headquartered Iconic Holding is a global crypto asset management group, with offices in Singapore, Dubai and New York. The firm, under its Iconic Funds subsidiary, recently launched its first physically backed bitcoin ETP on the Frankfurt Stock Exchange, with the ticker XBTI, and on the Swiss Stock Exchange on May 28, 2021.
Hector McNeil, HANetf co-founder, has confirmed that the London-headquartered firm intends to open in the US in the first half of next year, offering their white label facility to ETF issuers from outside the US, who want to launch ETFs into the country.
Florian Ginez, Associate Director, Quantitative Research, WisdomTree has written a note overviewing the developments and investor demand for bitcoin in the first half of the year.
Jersey-based CoinShares has expanded its footprint into the equities market, buying the ETF index business from Elwood Technologies. Elwood had previously partnered with Invesco to launch the Invesco Elwood Global Blockchain Equity UCITS ETF, which provides exposure to internationally listed companies generating earnings from blockchain technology.
The Iconic Funds' Physical Bitcoin ETP will be listed and begin trading on Euronext in Paris and Amsterdam on July 1, 2021. The ETP, physically backed by bitcoin, has a total expense ratio of 0.95%. The ETP is issued by Iconic Funds BTC ETN GmbH, a subsidiary of Iconic Funds GmbH (collectively branded as "Iconic Funds").