The “new gold” is how the young asset class of cryptocurrencies is often described. With miners virtually unearthing new ‘coins’ every day via a decentralised system that operates beyond the influence of government, it’s easy to see the attraction.
Asian investors now have access to an institutional grade bitcoin fund following the launch of a new fund by cryptocurrency investment specialist Stack.
Cryptocurrency liquidity provider and electronic OTC trading specialist B2C2 has launched a product for trading gold directly against Bitcoin (XAU/BTC).
The VanEck SolidX Bitcoin Trust will issue shares to Qualified Institutional Buyers (QIBs) providing investors access to a physically-backed bitcoin product that is tradeable through traditional and prime brokerage accounts.
PrimeXBT, a Bitcoin-based margin trading platform offering up to 500x leverage across forex, stock indices, commodities, and cryptocurrencies, has launched a new lower fee structure that includes a reduction in overnight financing fees on all crypto trading pairs, as well as a 10x reduction in trading fees across all forex pairs.
Mike Venuto (pictured), CIO of Toroso Investments and co-founder of the TETF index, which is designed to mirror the ETF industry, has commented on yesterday’s news that the SEC has suspended trading in XBT Provider’s Bitcoin Tracker One and Ether Tracker One.
The US’s Securities and Exchange Commission (SEC) has suspended the trading of Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF) issued by XBT Provider AB in Sweden, citing a lack of current, consistent and accurate information which has resulted in confusion amongst market participants regarding these financial instruments.
Wealth Chain Capital, a crypto investment company, is to launch an ETF aimed specifically at the emerging cryptocurrency market.
MV Index Solutions (MVIS), and financial technology company Amun have launched the Amun Crypto Basket Index (ticker: HODL5), a digital assets index designed to accurately track the top crypto assets.
German asset management firm Iconiq Funds, the newly-launched asset management arm of Germany-based Iconiq Holding, the team behind the decentralised VC group, Iconiq Lab, is launching a series of digital asset index funds beginning in Q4 2018.