ChainCatcher news, Matt Hougan, the Chief Information Officer of the cryptocurrency asset management company Bitwise, stated that the three main factors influencing the possibility of Bitcoin "rising" to $80,000 this quarter are the results of the U.S. election, the economy, and no significant surprises in the cryptocurrency industry.By the end of 2023, Bitwise predicts that the price of Bitcoin will double from the then-current $42,400, reaching over $80,000 by the end of this year, noting that the approval of a U.S. spot Bitcoin exchange-traded fund and Bitcoin's fourth halving event are catalysts.

ChainCatcher news, according to Businesswire, cryptocurrency asset management company Valkyrie has launched the Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ: BTFX), aimed at providing daily investment results before fees and expenses.

ChainCatcher news, Hong Kong-based cryptocurrency asset management company Metallpha Technology, listed on NASDAQ, announced on its official website that it has invested in NextGen Digital Venture Limited.It is reported that NextGen Digital is a platform that provides traditional finance and cryptocurrency investment services, aiming to offer compliant digital asset investment channels for institutional investors, but the specific investment amount has not been disclosed yet. Last April, Metallpha and NextGen jointly launched the cryptocurrency fund Next Generation Fund I, focusing on investing in structured products under Grayscale. After the completion of this investment transaction, Metallpha will also provide additional management support to NextGen.

ChainCatcher news, Ikigai Chief Investment Officer Travis Kling posted on X yesterday that the company sold its $65 million debt from the FTX fund because the price was "much, much higher" than expected. Kling did not disclose the price at which the company sold the debt, but reports indicate that some creditors could receive as much as 73 cents on the dollar, the highest price since FTX's collapse in November 2022. Kling stated that since the collapse of FTX, Ikigai has opened new subscriptions for existing investors for the first time, providing new funding. Ikigai has already reformed its business to prevent a repeat of a situation similar to FTX.Additionally, Kling noted that the market seems to be moving towards another bull market cycle. His biggest hope is that the industry does not mess up this opportunity. "What I worry most about is that if we mess it up again like last time, we may never get another chance."

ChainCatcher news, according to CoinDesk, the Singapore subsidiary of crypto asset management company HashKey Capital has obtained a license from the Monetary Authority of Singapore (MAS), allowing it to provide fund management services in the country.

According to ChainCatcher news, as reported by CoinDesk, a small crypto asset management company focused on environmental, social, and governance (ESG) investments, 7RCC, has recently submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin and carbon credit futures exchange-traded fund (ETF).Founded in 2021, 7RCC aims to provide ESG-focused investors with access to crypto and blockchain-related assets. The company began preparing its ETF application 18 months ago but waited to submit it until the appropriate infrastructure was established, which has delayed its entry into the competition compared to other applicants like Ark 21Shares, Grayscale, and BlackRock.7RCC's crypto ETF differs from other applicants in that 80% of its assets will be composed of Bitcoin, while the remaining portion will hold carbon credit futures. Gemini will provide custody services for the Bitcoin in the fund. The application document did not mention a custodian for cash and cash-equivalent assets.

ChainCatcher news, the crypto asset management company CF Benchmarks has launched the GameFi Index, stating that this is the first step in the process of creating potential investment products such as funds, trusts, and ETFs, which provide investment opportunities in GameFi for investors in Hong Kong and the broader Asia-Pacific region.

ChainCatcher news, according to Cointelegraph, 60-year-old Srettha Thavisin is the only candidate for the Thai Party, having received 482 votes out of a possible 747 in the Thai parliament. He previously served as the CEO of Sansiri, one of Thailand's largest real estate companies. His family company, Sansiri, is an active investor in Thailand's digital asset industry.It is reported that Sansiri participated in a $225 million financing round for the Thai crypto asset management company XSpring Capital. Additionally, Sansiri issued and distributed its own token "SiriHub" through XSpring in 2022.

ChainCatcher news, AI-based cryptocurrency asset management company Aisot Technologies has completed a seed round financing of 1.8 million Swiss francs (approximately 1.9352 million USD), led by Haute Capital Partners, with participation from Swiss ICT Investor Club (SICTIC) and a group of angel investors. To date, the company's total financing amount has reached 2.1 million Swiss francs (approximately 2.2577 million USD).Aisot Technologies primarily helps users provide AI-based analytical services for their portfolios in the stock and cryptocurrency markets, utilizing machine learning, data science, and quantitative analysis to enable investors to quickly adapt to changing market conditions and investment demands. (source link)

ChainCatcher news, cryptocurrency asset management company CoinShares announced that it will repurchase 196,654 shares of common stock through two block trades with two shareholders, at a repurchase price of 24 Swedish kronor per share, for a total repurchase amount of 4,719,696 Swedish kronor (approximately $453,000). CoinShares expects the block trades to be settled in cash and to be completed by January 20, 2023. (source link)

ChainCatcher news, the cryptocurrency asset management company Valkyrie Investments has proposed to become the sponsor and manager of the Grayscale Bitcoin Trust (GBTC). At the same time, Valkyrie Investments announced the launch of the Valkyrie Opportunistic Fund, LP, seeking to take advantage of the significant discount between the net asset value and price of GBTC. Valkyrie Investments stated that as the new fund increases its holdings in GBTC, the company is very interested in realizing the true value of the underlying Bitcoin for investors.Valkyrie also plans to improve several key methods of managing GBTC, such as timely submission of Regulation M filings, providing orderly redemptions at net asset value (NAV) for all investors needing to redeem; proposing a fee of 75 basis points, lower than the current 200 basis points; and attempting to offer investors Bitcoin and cash redemptions. Valkyrie Investments launched a publicly traded Bitcoin-related ETF in 2021, believing that the company has the capability to address the unique challenges and opportunities presented by GBTC. (Source link)

ChainCatcher news, according to Bloomberg, digital asset management firm Valkyrie Investments has laid off about 30% of its 23 employees. Valkyrie CEO Leah Wald stated that the company's management team conducted a comprehensive assessment of asset growth so far this year and reviewed each employee's role and contribution, concluding that layoffs were necessary, but the cuts were limited to sales and marketing positions.Previously reported, Valkyrie had liquidated the VBB ETF at the end of October, delisting it from Nasdaq. (Bloomberg)

ChainCatcher news, Travis Kling, founder and chief investment officer of the cryptocurrency asset management company Ikigai, stated on social media that the vast majority of Ikigai's hedge fund assets are on FTX, and "very little" was retrieved when exiting on Monday morning. In the short term, Ikigai will continue to trade the assets that are not stuck on FTX and will decide how to handle the risk fund, which is unaffected by FTX. As the timeline for FTX customers and potential recovery becomes clearer in the coming week, it will determine whether Ikigai will continue to operate.Travis Kling reflected: "If crypto is to recover and continue its journey of making the world a better place, I believe the entire concept of trust must be completely restructured. Bitcoin is trustless. Then we built all these trusted things around it, and those have catastrophically failed. The crypto world has not done enough to identify and expel bad actors. We have allowed too many antisocial individuals to become too powerful, and we all paid the price."Previous report, in May this year, Ikigai announced it had raised $30 million in venture capital. (Source link)

ChainCatcher news, according to TheBlock, the crypto asset management company BlockTower has established a venture capital department with a management scale of $150 million.It is reported that BlockTower's recent investments in startups such as Aptos, Lighthouse Labs, and Maple Finance belong to this new fund. The fund's LPs include Mass Mutual, VanEck Equities, BPI France, Circle, and the Teacher Retirement System of Texas. (source link)

ChainCatcher news, according to Forkast, the crypto asset management company Valkyrie will liquidate the VBB ETF by the end of this month, delisting it from Nasdaq.It is reported that this ETF is one of Valkyrie's three ETF products, which does not directly invest in Bitcoin spot or futures, but targets companies that are exposed to Bitcoin or related to Bitcoin. Among them, the largest exposure is to Tesla stock, followed by software manufacturer Microstrategy. In addition, the ETF also holds shares in crypto payment service provider Block Inc and crypto exchange Coinbase. (source link)

Chain Catcher News, the cryptocurrency asset management company Valkyrie Funds has announced the launch of its Separately Managed Account (SMA) service, aimed at allowing traditional investors to access various cryptocurrency portfolios. Currently, the service will support three active digital asset investment strategies: "bitcoin (BTC)", "bitcoin and ether (BTC)", and "bitcoin, ether, SOL, MATIC".It is reported that Valkyrie is currently the third asset management company to launch a cryptocurrency managed account service (SMA), following Ark Invest and Franklin Templeton. SMA is an investment product that provides its investors with direct ownership of benchmark assets, which can be managed by a company. (CoinDesk)