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").
Does DFA’s mutual fund-to-ETF conversion toll the death knell for the US mutual fund industry? Comment from BNY Mellon’s Slavin and leading US financial planner firms on that, plus ESG and crypto
Trading has just commenced for the ETFs converted from US mutual funds by Dimensional Fund Advisors (DFA), with USD637 billion under management, with Nicole Hunter, head of capital markets, announcing that the firm is ‘just getting started’.
21Shares AG, the pioneering issuer of crypto Exchange Traded Products (ETPs) is launching the world’s first Solana (SOL) ETP (ASOL) on the regulated market of the Swiss stock exchange (SIX Exchange) on Wednesday, 30 June 2021 further boosting 21Shares as the leading issuer of crypto ETPs.
The UK’s FCA’s Michael Karim and Gergana Tomova have been busy researching UK investors and their approach to cryptocurrencies, noting in their latest research note that the profile of cryptocurrencies has risen – 78 per cent of adults said they have heard of cryptocurrency, up from 73 per cent in a year, but overall understanding of cryptocurrency has declined.
CoinShares, Europe's largest digital asset investment firm, has formed an exclusive partnership with the largest platform for German-speaking financial and investment news, finanzen.net.