The biggest Bitcoin fund just hit a record -35% discount — A warning for BTC price?

Grayscale Bitcoin Trust (GBTC), a cryptocurrency fund that currently holds 3.12% of the total Bitcoin (BTC) supply, or over 640,000 BTC, is trading at a record discount compared to the value of its underlying assets. Institutional interest in Grayscale dries up On Sep. 23, the $12.55 billion closed-end trust was trading at a 35.18% discount, […]

Societe Generale launches custodial services for crypto fund managers

According to a new press release on Wednesday, Société Générale, one of the largest investment banks in Europe, said that it would be expanding its cryptocurrency asset management services through its Security Services subsidiary. Clients who are digital asset fund managers can now elect to have Société Générale as their fund custodian, valuator and liability […]

Regulatory clarity will drive the next bull run, hedge fund co-founder

A former head of risk at Credit Suisse believes the next crypto bull market will stem from “regulatory clarity” in the United States — which he expects to happen in early 2023. Speaking to Cointelegraph, the former head of valuation risk at Credit Suisse, CK Cheng said some of the regulatory efforts underway in the […]

Crypto Giant FTX Eyes Raising Money to Fund Acquisitions: Source

It’s evaluating several possible takeover candidates, some of which are companies operating retail-trading platforms, the person said. Negotiations are in preliminary stages. If acquisition talks fall through, it’s less likely FTX will raise money, according to the person. Source link

$491B asset manager KKR’s health care fund tokenized on Avalanche

Digital asset company Securitize Capital is set to tokenize $491 billion asset management firm KKR’s Health Care Strategic Growth Fund II (HCSG II) on the Avalanche blockchain. The news was shared by KKR on Sept. 13, with the tokenization of HCSG II being described by the head of Securitize Capital Wilfred Daye as a “significant […]

Investment Giant KKR Puts Portion of Private Equity Fund on Avalanche Blockchain

“With its ability to digitize operational inefficiencies and increase ease of use for individual investors, blockchain technology has the potential to play an important role in the future of private markets,” Dan Parant, managing director and co-head of U.S. private wealth at KKR, said in the statement. Source link

Stone Ridge board approved plan for ‘liquidation and dissolution’ of its Bitcoin fund

Stone Ridge Asset Management, whose holding company is behind the New York Digital Investment Group, has filed notice with the United States Securities and Exchange Commission that it will liquidate its Bitcoin Strategy Fund. In a Monday SEC filing, the asset manager said the Stone Ridge Trust board of trustees approved a Friday plan to […]

Crypto-Focused Venture Firm Bloccelerate Is Raising $100M for Second Fund

Founded in 2018, Bloccelerate is led by general partners Kate Mitselmakher and Sam Yilmaz. Past investments have included collaborative lending platform MakerDAO, the Avalanche blockchain and blockchain security firm Quantstamp, according to the firm’s website. Source link