ChainCatcher news, according to Cointelegraph, Swedish listed company Hilbert Group announced the acquisition of Liberty Road Capital (LRC), including all AUM, existing client relationships, key employees, and all intellectual property acquired by Hilbert Group.LRC co-founder Russell Thompson will join Hilbert Group. Thompson co-founded the traditional hedge fund The Cambridge Strategy in 2003, which had assets under management of up to $3.5 billion and was successfully sold in 2018. LRC was established in 2019 and is headquartered in the British Virgin Islands, holding an investment management license issued by the local Financial Services Commission.According to the agreement, LRC's business revenue will be split 50:50 over the next two years, and LRC commits to converting all its share of the revenue into new Class B shares of Hilbert Group. Hilbert Group CEO Niclas Sandström stated that this acquisition will significantly accelerate the company's business development and expand the range of trading strategies.

ChainCatcher news, the UK crypto trading platform Archax has provided access to a money market fund of the UK asset management company abrdn in a tokenized form on the decentralized blockchain XRP Ledger (XRPL). This fund is part of abrdn's £3.8 billion liquidity fund and is the first tokenized money market fund on the XRPL.

ChainCatcher news, global asset management company WisdomTree Investments announced the launch of the exchange-traded product WisdomTree Physical XRP ETP (XRPW), which will be listed on multiple European exchanges, including Deutsche Börse Xetra, SIX Swiss Exchange, and the pan-European exchange. The current management fee rate for this ETP is 0.50%.It is reported that WisdomTree's product will be 100% backed by spot XRP, with assets stored in cold wallets and adopting a dual custody model, managed by regulated custodians. Currently, WisdomTree's portfolio has expanded to nine cryptocurrency ETPs, covering Bitcoin, Solana, Ethereum, and more.

ChainCatcher news, asset management company Strive announced on November 1 the establishment of a new wealth management division that will integrate Bitcoin into client portfolios.Strive's CEO Matt Cole explained, "We focus on providing true financial freedom for our clients through the thoughtful integration of Bitcoin, which sets our wealth management business apart from almost all major competitors today."Strive's new wealth management division will be led by former Bernstein executive Gary Dorfman as president and former Morgan Stanley executive director Randol Curtis as chief investment officer.

ChainCatcher news, according to the Financial Times, asset management company Strive, with assets under management of $1.7 billion, is hiring a new wealth management manager and will include Bitcoin in its standard portfolio.It is reported that the company was founded by biotechnology entrepreneur Vivek Ramaswamy, who previously ran for president and later supported Trump, and its investors include vice presidential candidate JD Vance. Its first product is an energy ETF with the stock code DRLL.

ChainCatcher news, according to CoinDesk, asset management company Kin Capital will launch a $100 million tokenized real estate debt fund on the real-world asset center network Chintai.It is reported that the fund holds preferred real estate trust agreements, with an initial issuance size of $5 million, and plans for additional issuances in early 2024 and 2025. The fund is available to qualified investors, with a minimum investment limit of $50,000. The expected annual return rate for the fund is 14%-15%, distributed to investors quarterly.

ChainCatcher news, Matrixport announced the official completion of its all-cash acquisition of the Swiss compliant crypto asset management company Crypto Finance (Asset Management) AG (CFAM).CFAM will be renamed Matrixport Asset Management AG (MAM), providing compliant crypto asset management services for the pan-European market, to lay out Matrixport's global compliant asset management.

ChainCatcher news, Web3 asset management company Anemoy has partnered with oracle provider Chronicle to provide real-time data for its on-chain treasury fund built on Centrifuge.It is reported that Moody's recently rated Anemoy's Liquid Treasury Fund as the highest tokenized treasury rating ever.

ChainCatcher news, asset management company VanEck announced that it will close its Ethereum futures ETF due to insufficient demand, as the emergence of spot ETFs has dominated the inflow of funds. The reasons for choosing to close the fund "include factors such as performance, liquidity, managed assets, and investor interest."

ChainCatcher news, asset management company Metalpha has added the Antalpha Bitcoin Mining Index for its Bitcoin mining equity fund through its wholly-owned subsidiary LSQ Capital Limited. The index was jointly launched by Bitcoin ecosystem service provider Antalpha and FTSE Russell, and will be rebalanced every 6 months to reflect market conditions.

ChainCatcher news, according to on-chain analyst @ai_9684xtpa's monitoring, asset management company Metalpha has applied to redeem 10,000 ETH from Lido in the past 40 minutes, worth 25.72 million USD.Since August, the institution has cumulatively redeemed 20,000 ETH from Lido, of which 6,895 ETH from the last redemption of 10,000 ETH has been recharged into Binance in the past two days, worth 17.57 million USD, suspected to be sold.

ChainCatcher news, SBI Holdings will establish a management company primarily dealing with digital assets in partnership with asset management firm Franklin Templeton by the end of this year. The United States has lifted the ban on exchange-traded funds (ETFs) that include cryptocurrencies such as Bitcoin, and Japan is also preparing to relax regulations.The new company will be owned 51% by SBI Holdings and 49% by Franklin Templeton.

ChainCatcher news, according to GlobeNewswire, asset management company Purpose Investments announced the launch of the Purpose Ether Stake Corp. ETF, with the code ETHC.B, which began trading today on the Cboe in Canada.It is reported that this ETF is converted from its Ether Capital and will use proprietary staking technology to provide investors with exposure to Ethereum and returns from Ethereum staking.

ChainCatcher news, digital asset management company and multi-strategy cryptocurrency hedge fund Hyperion Decimus announced the launch of the crypto fund HD CoinDesk Acheilus, aimed at providing transparent, data-driven investments in the digital asset space through institutional-grade trust management. The fund is primarily driven by CoinDesk Indices' proprietary Bitcoin Trend Indicator (BTI) and Ethereum Trend Indicator (ETI) to reduce the risk of market volatility for institutional investors in the cryptocurrency market.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas posted on the X platform that asset management company Calamos has submitted a Bitcoin "Buffer" ETF application.This ETF will seek to provide 100% downside protection for Bitcoin while using FLEX options to capture some of the upside. It is currently unclear whether this application is for a spot or futures type.

ChainCatcher news, according to Watcher.Guru, asset management company Hightower, with assets under management of $130 billion, disclosed in an SEC filing that it has purchased $68 million worth of Bitcoin spot ETFs.The company holds positions in a total of 6 Bitcoin spot ETFs, specifically:Grayscale BTC: $44,838,000 (709,956 shares)Fidelity Bitcoin ETF: $12,410,000 (200,084 shares)BlackRock Bitcoin ETF: $7,621,000 (188,397 shares)ARK Bitcoin ETF: $1,702,000 (23,964 shares)Bitwise Bitcoin ETF: $988,000 (25,449 shares)Franklin Templeton Bitcoin ETF: $788,000 (19,129 shares)

ChainCatcher news, Bloomberg analyst Eric Balchunas posted on social media that Hong Kong-based Yongrong Asset Management has purchased $38 million worth of IBIT, which accounts for 12% of its reported holdings.

ChainCatcher news, according to CoinDesk, Galaxy Digital's crypto custody company GK8, acquired a year ago, has launched the Tokenization Wizard platform, which is a platform for building blockchain-based versions of real-world assets, as well as securely managing stablecoins and various Web3 applications.It is reported that the first clients to use this tool will be the partnership between asset management company DWS, Flow Traders, and Galaxy to manage fully collateralized euro-denominated stablecoins.