Safe Wallet has integrated CoinShares-designed stablecoin yield strategies directly into its platform, giving corporate treasuries, DAOs, and foundations a way to earn institutional-grade yield on idle stablecoin balances without moving funds out of self-custody. Corporate treasuries and onchain organisations sitting on idle stablecoin balances now have a direct path to
Crypto exchange-traded products recorded $1.06 billion in weekly inflows for the third consecutive week, as Bitcoin continued to dominate the flows, with significant contributions from Ethereum and Solana, while XRP saw meaningful redemptions, amid geopolitical concerns. According to the CoinShares report on March 16, crypto investment products maintained strong momentum
Crypto investment funds continued to see withdrawals, extending five weeks of net outflows that have reached nearly $4 billion. According to the latest data from CoinShares, funds registered net outflows of $288 million last week alone. Market data indicate that institutional investors withdrew from crypto products, specifically spot Bitcoin exchange-traded
Digital asset manager CoinShares has taken the step of formally pulling back its three crypto exchange-traded fund proposals from the consideration of federal securities regulators. The firm has decided to back out of the regulatory reviews that had been ongoing for several months by submitting withdrawal letters for the ETFs
Bitcoin retraced back to its $95K range today. The overall crypto market cap fell to $3.14 trillion with more than 1% decrease today. Even the top altcoins such as Ether, Solana, XRP, BNB, Cardano, and Dogecoin are also bleeding amidst dull market performance. Global crypto funds witnessing significant weekly outflows,
Metaplanet Inc., a publicly listed investment firm from Japan, has joined the CoinShares Blockchain Global Equity Index (BLOCK Index). This marks Metaplanet’s first listing in a globally recognized equity index. The BLOCK Index, managed by CoinShares, tracks significant publicly traded companies driving blockchain and cryptocurrency innovation. With its inclusion, Metaplanet
CoinShares International, a prominent European digital asset investment company, has finalized the sale of its claim against the defunct FTX exchange. This sale is expected to yield a remarkable recovery rate of 116% after broker fees. This translates to a substantial return of approximately $39.78 million on a claim initially
A European digital asset investment business, CoinShares, recently concluded acquiring Valkyrie Funds. As part of the deal, CoinShares now gets the sponsor rights to Valkyrie Funds’ spot Bitcoin ETFs. According to CoinShares’ announcement on March 12, the acquisition includes the firm’s financial advising company, Valkyrie Investments, as well as the
Despite the strict crypto regulatory atmosphere in the U.S, major European crypto asset management firm CoinShares is opening a hedge fund division. The company made the announcement on September 22, saying it will begin selling its services to accredited investors in the United States for the first time. In order
CoinShares CEO Jean-Marie Mognetti said that the company’s financial condition was robust despite the market turmoil caused by crashes and frauds. Yet, the company’s profits were severely diminished. In its quarterly report for 2022, CoinShares revealed revenue and other income of £14.5 million. The European asset management had a precipitous
