FalconX’s acquisition of 21Shares represents a watershed moment in cryptocurrency investment, merging prime brokerage infrastructure with one of the largest crypto ETP issuers overseeing more than $11 billion in assets. This vertical integration, announced on October 22, follows the SEC’s removal of regulatory barriers for spot ETFs beyond Bitcoin and Ethereum, creating pathways for Solana, Dogecoin, and other altcoin products. The combination aims to accelerate digital asset investment vehicle adoption across global markets through operational efficiencies that could fundamentally reshape how crypto funds trade and track their underlying assets.
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21Shares undergoes restructuring to enhance growth and innovation in crypto assets
Swiss crypto ETP issuer 21Shares is restructuring to enhance efficiency and growth, transitioning into two independent units: 21Shares, focusing on asset management and ETPs, and 21.co Technologies, dedicated to developing innovative products and technologies. Key personnel changes include Russell Barlow as CEO and Duncan Moir as President of 21Shares, both bringing extensive experience from abrdn. This realignment aims to capitalize on growing investor interest and favorable regulatory conditions in the digital asset space.
read more21Shares Launches Toncoin Staking ETP on Swiss SIX Exchange
A new 21Shares Toncoin Staking ETP has been launched, offering investors a regulated way to capitalize on The Open Network’s expansion. The ETP, trading on the Swiss SIX Exchange, is 100% physically backed and aims to capture and reinvest staking yields for enhanced performance. Despite facing challenges, the TON blockchain’s native token has recently doubled in price, reaching a new all-time high of over $5.6 on March 25.
read moreEurope’s Complex Crypto Investment Landscape: ETFs, ETNs, and Regulatory Challenges
The US SEC approved spot Bitcoin ETFs, allowing investors to track the cryptocurrency’s price directly. In Europe, due to UCITS regulation, ETFs exclusively investing in Bitcoin are not approved, leading to reliance on alternative products like ETNs. However, Europe offers a variety of regulated investment options for both retail and institutional investors, with potential for diversified crypto ETFs in the future.
read more21Shares Reaches $5 Billion in Managed Assets Amid Crypto Market Surge
The Swiss fintech company 21Shares has reached a milestone by managing over $5 billion in customer assets, thanks to the surge in token and coin values. The company’s growth is attributed to the market’s maturity and its expansion into the US, where it participated in the launch of the ARK 21Shares Bitcoin ETF. Additionally, the company has seen significant growth in Europe, where it launched the world’s first crypto ETF in 2018.
read moreBlockchain Summit in Paris Unites Global Leaders and Web3 Visionaries
The Proof of Talk summit, known as the Davos of Web3, is set to return for its second year in Paris, bringing together industry leaders and global authorities to shape the future of blockchain and digital assets. With a highly-curated audience and a lineup of influential speakers, the summit aims to facilitate crucial discussions and networking opportunities, reflecting the industry’s need for genuine engagement and collaboration. Additionally, eCash (XEC) has experienced a significant price surge, driven by its rebranding and strategic positioning as electronic cash, while Bitbot’s presale has raised substantial funds, signaling growing interest in the project’s innovative approach to cryptocurrency trading.
read moreUniting Visionaries: Proof of Talk Summit 2024 Shapes Web3 Future
The Proof of Talk summit, known as the Davos of Web3, is set to unite global leaders, investors, and visionaries in Paris to shape the future of blockchain and digital assets. With a highly curated audience and a lineup of influential speakers, the event aims to foster meaningful connections, strategic collaborations, and discussions on key topics shaping the Web3 industry. The summit reflects the industry’s momentum towards widespread blockchain adoption and the development of digital assets beyond cryptocurrency, providing an exclusive platform for high-impact networking and dialogue.
read moreSpot Bitcoin ETFs Drive Crypto Bull Run and Market Optimism
The approval of spot Bitcoin ETFs in the United States has sparked a surge in cryptocurrency adoption, leading to increased liquidity and a significant rise in Bitcoin’s price. With the ongoing rally, Bitcoin is expected to revisit its all-time high, while the altcoin market has also seen notable gains. Analysts anticipate the approval of spot Ethereum ETFs in the near future, and with the potential for a Fed interest rate cut, the crypto bull rally is projected to continue for the next two years.
read moreSpot Bitcoin ETFs Boost Crypto Market Liquidity and Transparency
The integration of ARKB with Chainlink’s network enhances transparency and safety for investors, as the spot Bitcoin ETF market experiences heightened competition and increased liquidity. With ARKB surpassing $2 billion in assets under management and Bitcoin’s price rally, the approval of spot Ethereum ETFs and potential interest rate cuts by the US Fed are expected to sustain the crypto bull rally for the next two years.
read moreIntegration of Chainlink’s Proof of Reserve Enhances Transparency for ARKB ETF
Asset managers Ark Invest and 21Shares have integrated Chainlink’s Proof of Reserve platform to enhance transparency for their ARK 21Shares Bitcoin ETF (ARKB), providing real-time, verifiable insights into the ETF’s holdings. This move follows a similar effort by Bitwise, reinforcing a trend towards increased transparency and accountability in the market. ARKB has quickly become one of the most successful spot bitcoin ETFs, amassing over 33,000 bitcoins and exceeding $1.8 billion in assets under management since its launch on January 11.
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