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JUST IN: đŹđ§ London Stock Exchange to launch market for #BitcoinâŻâŻâŻ exchange traded notes on May 28.
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BIG BREAKING đ¨ BLACKROCKâS #bitcoinâď¸ ETF SAW $93 MILLION IN INFLOWS YESTERDAY. đ MASSIVE đĽ #BinanceBlockchainWeek #PowellAtJacksonHole #BinanceLaunchpoolDOGS #LowestCPI2021 $BTC $ETH $BNB
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Binance-backed DIN raises another $4M and announces its AI data node sale DIN, the First Modular AI-Native Data Pre-Processing Layer, has successfully closed a $4 million pre-listing round, bringing its total funding to $8 million. Building on this momentum, DIN officially launched the Chipper Node Sale on August 13, a crucial move in its mission to shape the decentralized AI data economy. #binance #BinanceTurns7 #LowestCPI2021 #CryptoMarketMoves #SahmRule $BTC $ETH $BNB
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US crypto manager seals deal to push into European market Bitwiseâs acquisition of ETC Group follows Robinhoodâs $200mn purchase of crypto exchange Bitstamp in June Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour. The deal is another sign as to how the far larger US investment market is providing the firepower for American companies to expand into the European market, where mainstream asset managers such as BlackRock, Vanguard and Fidelity have built strong positions. The deal comes after California-based retail broker Robinhood snapped up European cryptocurrency exchange Bitstamp for $200mn in June. Bitwiseâs expansion comes seven years after it was founded and months after it launched two of the first bitcoin and ether-based exchange traded funds in the US. Despite lacking the scale and name recognition of some of its rivals, Bitwiseâs bitcoin ETF has amassed more than $2bn since its debut. âThis acquisition allows us to serve European investors, to offer clients global insight, and to expand the product suite with innovative ETPs,â said Hunter Horsley, Bitwiseâs chief executive, in a statement. Bitwise said it expects to have post-acquisition assets under management of about $4.5bn. The deal is Bitwiseâs first in Europe, and ETC Groupâs employees will be retained while its crypto products are to be rebranded as Bitwise vehicles. âWe think Bitwise is building the best-of-breed firm for this new asset class and have proven their professionalism and leadership over many years,â said ETC Group co-founder and chief strategist Bradley Duke. âBitwise and ETC Group are kindred spirits in the way that we run our businesses #BlackRockETHOptions $BNB $SOL
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