The U.S. Securities and Exchange Commission (SEC) recently approved the first spot-based Bitcoin Exchange-Traded Funds (ETFs), marking a significant milestone in the cryptocurrency industry. The approval came after a decade-long wait since the first application by the Winklevoss twins. The anticipation was high, and the first trading day did not disappoint, with fund shares worth […]
Wall Street veteran Anthony Scaramucci has expressed confidence that Bitcoin will surpass its all-time high price of $69,000, which it reached in November 2021. This prediction comes after the approval of the Bitcoin spot ETF by the SEC, which Scaramucci believes will lead to an influx of institutional investment into Bitcoin, pushing its value to […]
European cryptocurrency investment firm CoinShares is moving forward with a potential acquisition of its United States competitor, Valkyrie Funds. Valkyrie is an issuer of a spot Bitcoin exchange-traded fund (ETF) in the U.S. CoinShares confirmed on Jan. 12 its strategic option to acquire Valkyrie, a move that bolsters its efforts to penetrate the U.S. market.A […]
Europe-based asset management firm CoinShares is set to acquire Valkyrie’s crypto-focused exchange-traded funds (ETF) investment advisory business, marking its entry into the U.S. market. This move follows the recent approval of Valkyrie’s spot Bitcoin ETF, the Valkyrie Bitcoin Fund (BRRR), by the U.S. Securities and Exchange Commission (SEC).The acquisition is part of CoinShares’ strategy to […]
UBS, a leading banking institution based in Zürich, is set to allow certain clients to trade bitcoin ETFs, albeit under specific conditions, as revealed by an anonymous source close to the bank. The stipulations include a prohibition on UBS soliciting the trades, and a restriction preventing accounts with a lower risk tolerance from purchasing them. […]
Do Kwon, the former CEO of Terra, has formally requested a delay in his trial in the United States through a letter to Judge Jed S. Rakoff. The trial, which is in response to charges brought by the US Securities and Exchange Commission (SEC), is potentially facing a delay due to slower extradition proceedings from […]
Amidst pressure on fees, high costs, and a less exclusive clientele, many banks have struggled to turn a profit in neighboring countries. UBS, Switzerland’s number one bank, has been grappling with special costs in the market until recent years.The St. Gallen Cantonal Bank is making waves by recruiting bankers in Munich, following the attention garnered […]
Amboise Partners, the asset manager distributing Altaroc’s private equity funds, continues its expansion with the opening of an office in Switzerland. The Swiss branch will be led by Julie Van Campenhoudt, who will be supported by Antoine Duchiron as Senior Product Specialist and Development Manager.Van Campenhoudt brings 17 years of experience in financial product sales. […]
In a significant move towards the future of finance, Basler Kantonalbank (BKB) has issued CHF 105 million in digital bonds. This pioneering step was taken with the support of the canton of Basel-City, marking a new era in the financial landscape.The issuance was advised by Homburger, a renowned name in the field. This development places […]
The Zug-based private equity group, Partners Group, continues its growth trajectory, benefiting from a record in client acquisition. Despite a challenging market environment, the firm attracted substantial new funds in the billions last year.By the end of 2023, the Zug private equity group managed assets worth $146.9 billion, up from $135.4 billion at the end […]
