ChainCatcher news, according to official sources, cryptocurrency asset management company Bitwise has completed a $70 million financing round, with participation from Electric Capital, MassMutual, MIT Investment Management Company, Highland Capital, Haun Ventures, ParaFi Capital, and others, continuing to advance its position as a leading cryptocurrency asset management firm.Currently, Bitwise manages $12 billion in client assets, has over 100 employees, and offers more than 30 investment solutions. The company plans to continue expanding its team and launching new products.

ChainCatcher news, according to Ai Yi's monitoring, asset management company Metalpha deposited 30,006 ETH to Binance four hours ago, worth approximately 80.48 million USD. This is the company's first large deposit of ETH to its multi-signature address after a three-month interval, and the current intent is still unclear.

ChainCatcher news, digital asset management company Metalpha announced its latest unaudited financial performance report, which disclosed a total revenue of $19,720,654 for the six months ending September 30, 2024, representing an increase of nearly four times compared to $5,085,150 for the same period in fiscal year 2024. In addition, its board has approved a stock repurchase plan of up to $5 million, with related repurchase transactions to be conducted over the next 36 months.

ChainCatcher news, UK asset management company Fasanara Capital has announced the launch of the tokenized money market fund FAST, based on the Polygon blockchain. The fund will focus on the crypto industry, targeting clients such as stablecoin issuers, DeFi protocol libraries, and crypto funds.Fasanara plans to offer a return rate of 4.7%, and the fund's portfolio will include government bonds, long-term government bonds, other money market funds, and commercial paper. Fasanara has $140 billion in trading experience in the crypto space and is committed to providing innovative liquidity solutions for professional investors.

ChainCatcher news, the Swedish compliant crypto asset management company Virtune announced that Finland's first cryptocurrency ETPs are listed on Nasdaq Helsinki, with a total of five ETP products denominated in euros. All ETPs are 100% physically backed and fully collateralized, namely: Virtune Bitcoin ETP, Virtune XRP ETP, Virtune Staked Solana ETP, Virtune Staked Ethereum ETP, and Virtune Crypto Altcoin Index ETP.

ChainCatcher news, according to TheMinerMag, claims that Mintvest, a company holding 18.2% of Coinmint's shares, has filed a lawsuit against NYDIG in the U.S. District Court for Puerto Rico. The lawsuit alleges that, based on "information and belief," NYDIG acquired Coinmint for $200 million but failed to pay Mintvest for its share in the company. Mintvest is seeking $36 million in damages from NYDIG.NYDIG declined to comment on the case and did not clarify its investment in Coinmint. However, recent developments suggest that NYDIG may be taking over the idle power capacity at Coinmint's facilities to expand its proprietary mining operations.

ChainCatcher news, according to monitoring data from Arkham, asset management company Invesco's Bitcoin exchange-traded fund BTCO Invesco Galaxy Bitcoin ETF today transferred 558.174 BTC to an address starting with bc1qz, worth approximately 53.51 million USD.

ChainCatcher news, Bitwise Chief Investment Officer Matt Hougan posted on X: "A wealth management company in California with $300 million in assets under management recently emailed to say that it has invested in Bitcoin for 63 clients through our ETF.This makes me very happy. Wealth management companies will help millions of investors participate in the opportunities in this space. I am honored to support them."

ChainCatcher news, according to The Australian, Australian crypto asset management company DigitalX announced plans to raise approximately $15 million through private placements and issuing shares to existing shareholders.In addition, DigitalX also stated that it expects to receive approximately 41 BTC from the Mt. Gox compensation distribution in 2025, valued at around $7 million based on current market prices.

ChainCatcher news, Hong Kong Financial Secretary Paul Chan published a new issue of "Secretary's Essay," in which he pointed out that the number of licensed asset management companies in Hong Kong increased by 24% year-on-year last quarter, and the number of open-ended fund companies also surged by over 132% year-on-year.According to the latest data, the number of startups in Hong Kong has reached a new high, with the proportion of startups founded by non-local entrepreneurs rising to 28%.In addition, Paul Chan also announced that the public consultation for the new fiscal year's "Budget" officially begins today.

ChainCatcher news, according to Crowdfund Insider, deVere Group CEO Nigel Green predicts that Bitcoin could soar to $150,000 by mid-2025. "So far this year, Bitcoin has risen by as much as 134%, and we believe the price of Bitcoin will continue to rise in the coming months.""I previously predicted that after Donald Trump's inauguration, the price of Bitcoin could soar to $120,000. I now believe that the increasing FOMO among investors and the continuous rise in institutional investment are likely to push the price of Bitcoin up to $150,000 by mid-2025."

ChainCatcher news, decentralized finance and digital asset company DeFi Technologies announced that it will acquire a minority stake in Swiss asset management company Neuronomics AG, with the specific acquisition amount not disclosed. According to the terms of the letter of intent, DeFi Technologies will increase its stake in Neuronomics by subscribing to 10% of the issued and outstanding securities of Neuronomics. This acquisition aims to enhance DeFi Technologies' asset management and trading capabilities, diversify revenue sources, and complement the company's specialized arbitrage trading platform DeFi Alpha.It is reported that Neuronomics specializes in quantitative trading strategies driven by artificial intelligence, computational neuroscience, and quantitative finance, and holds an asset management license issued by the Swiss Financial Market Supervisory Authority (FINMA).

ChainCatcher news, asset management company REX Financial has recently launched a new ETF aimed at generating income through issuing options on cryptocurrency stocks.The REX Crypto Equity Premium Income ETF executes a "covered call" strategy, holding 25 cryptocurrency stocks and issuing out-of-the-money options on these stocks to earn income from the option premiums.REX stated that the ETF holds stocks in the BITA cryptocurrency assets and digital payment index, including "stocks engaged in cryptocurrency mining, trading, custody, blockchain technology development, and the creation of digital payment solutions."REX CEO Greg King stated in a press release, "Cryptocurrency is changing the financial ecosystem, and we are applying a targeted covered call strategy to the most disruptive companies in the industry."

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.