Derivatives specialist Leonteq has acquired a 10% stake in Swiss stock exchange BX Swiss, paying a “single-digit million amount” for the shares. The investment will allow BX Swiss to benefit from Leonteq’s investment solutions ecosystem, facilitating collaboration with actors in the Swiss financial sector. In return, Leonteq will gain access to the ecosystem of Börse […]
Cevian Capital, a well-known Swedish investment firm, has become a major shareholder in UBS, one of the largest banks in Switzerland. The firm has invested 1.2 billion euros in UBS stocks, acquiring approximately 1.3 percent of the bank’s outstanding capital. The investment will be held by Cevian Capital’s various funds.Cevian Capital has high hopes for […]
The cryptocurrency industry is eagerly awaiting the decision of the US SEC on the Bitcoin spot ETF applications, which is expected to be announced in mid-January. While many are optimistic about the approval of the ETF, there is concern that if the applications are dismissed, it could lead to a significant downturn in the crypto […]
Vontobel, a Swiss bank, is facing significant challenges as key employees leave and its performance falters. Patrick Sege, who led the sales team in the asset management division, recently resigned without a known new position, raising concerns about the bank’s products and performance. This comes after another top executive, Daniel Seiler, also left due to […]
Grayscale, a prominent cryptocurrency investment firm, is currently assessing the potential tax implications surrounding spot Bitcoin exchange-traded funds (ETFs). This evaluation comes in response to inaccurate reports circulating about unfavorable tax consequences. Grayscale has taken to social media platform X to clarify that retail investors of the Grayscale Bitcoin Trust (GBTC) are not expected to […]
The Securities and Exchange Commission (SEC) has engaged in discussions with asset managers regarding the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. The recent meetings included officials from Gary Gensler’s office, indicating a heightened level of attention from the regulator.BlackRock, one of the asset managers, held a meeting with […]
The Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has indicated that the regulatory body is reevaluating its stance on spot Bitcoin exchange-traded funds (ETFs). Gensler mentioned that recent court rulings in the District of Columbia have prompted the SEC to take a fresh look at these applications. Historically, the SEC has […]
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial tokenization sector. Apex Group, with over 12,000 employees and assets under management exceeding $2.75 billion, is known for its expertise in fund management and is backed by […]
Luxembourg-based tokenization company Tokeny has announced that Apex Group, a leading fund management firm, has become its main strategic investor. This investment strengthens Tokeny’s position in the financial tokenization sector. Apex Group, with over 12,000 employees and assets under management exceeding $2.75 billion, is known for its expertise in fund management and is backed by […]
The launch of the First Trust Bitcoin Buffer 30 ETF could have a significant impact on the cryptocurrency investment landscape. This unique ETF offers protection for investors by shielding them from the initial 30% loss in the underlying ETP. Unlike regular Bitcoin ETFs, the Butter ETF provides downside risk mitigation and caps potential gains. This […]
