Crypto funds recorded strong weekly inflows of $1.9 billion, extending their nine-week streak amid a volatile trading environment. Bitcoin rebounded from midweek lows, while Ethereum held gains despite brief sell-offs. Continued investor interest pushed total assets under management in crypto funds to $179 billion. Crypto Funds Rise Despite Global Tensions Bitcoin investment products were the […]
Crypto funds
Bitwise Registers NEAR ETF in Delaware to Launch Amid Surging Crypto Fund Demand
Bitwise registers a Bitwise NEAR ETF in Delaware, signaling plans to file for a NEAR Protocol spot ETF as NEAR price jumps over 6% following the news.
Grayscale Investments Unveils Pyth Network Trust Amid Growing Crypto Fund Portfolio
Grayscale introduces Pyth Trust, offering qualified investors exposure to Pyth Network’s oracle services within the Solana ecosystem.
Spanish Law Enforcement Seizes $26.4 Million in Illicit Crypto Funds
Spanish police, Tron, Tether, and TRM Labs freeze $26.4M in crypto tied to a European money laundering ring.
Canada’s Regulator Drops Plans For Public Crypto Asset Funds
Canada’s securities regulator [CSA] has drafted plans to modify funds that intend to invest directly or indirectly in crypto assets, commonly called public crypto asset funds. The suggestions, collectively referred to as the Proposed Amendments and CP Changes, are now open for a 90-day comment period. The primary aim of these changes is to enhance […]
Binance Set Up A $500M Debut Fund To Boost Web3 Ecosystem
Binance, the world’s largest cryptocurrency exchange, is soon launching its own venture capital fund. On 1st June, the firm’s venture arm, Binance Labs, said it has raised $500 million for its debut start-up fund. Leading venture capital firms DST Global and Breyer Capital and a few others have lent their support. As per sources, Binance […]
Bain Capital Ventures establishes a $560M fund exclusively for crypto initiatives
Bain Capital Ventures or BCV have unveiled a $560 million fund that would be invested in crypto-focused businesses. BCV founded more than three decades ago is one of the world’s biggest startup-investment firms. For the last seven years, the venture firm has been providing capital to a number of crypto firms such as BlockFi Inc., […]
US Department of Justice Seized Militant Cryptocurrency Fundraising Campaigns
The U.S. Department of Justice has said it has thwarted fundraising attempts by various militants around the world by seizing hundreds of cryptocurrency accounts, four Facebook accounts, and four websites. According to reports by Reuters, the seizure is the largest cryptocurrency syncopal episode by the Hamas, al-Qaeda, and Islamic State military-terrorist platforms to raise funds […]