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by
Wayne Jones
on
February 26, 2021 Ethereum
On 25 February, CI GAM (CI Global Assets Management) heralded the filing of the CI Galaxy Ethereum ETF; furthermore, it received a preliminary prospectus for the same.
The First ETH ETF
As the company looks forward to the ETF launch, it will stand as the first-ever ETF investing directly on ETH. Also, it has selected Galaxy Digital Capital Management LP as the fund’s subadvisor; the ETF will be traded on the Toronto Stock Exchange (TSE).
CI Global Assets Management is a subsidiary of CI Financial, prided as one of the Canadian investment giants.
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by
Dalmas Ngetich
on
February 25, 2021 Adoption, Regulation
A 117-year-old Swiss private bank, Bordier & Cie SCmA, is incorporating Sygnum Bank’s B2B banking platform to extend its offerings and include cryptocurrencies, a
More Regulated Channels of Buying Bitcoin and Cryptocurrencies
As a result of this integration, their clients can now–in a regulated environment, buy digital assets like Bitcoin and Ethereum. They will simultaneously diversify using Sygnum’s digital asset management products.
The infrastructure merger enables the private bank’s clients to participate in the burgeoning digital asset space confidently with the assurance that their activities are compliant with existing laws.
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by
Aisshwarya Tiwari
on
February 25, 2021 Bitcoin
A report by an Australian crypto exchange posits that bitcoin (BTC) has eclipsed gold in terms of popularity in Australia.
Bitcoin More Popular than Gold
Per a report by Melbourne-based digital currency exchange BTC Markets, bitcoin is more popular than gold Down Under. The report based its findings on a survey of about 2,000 investors in Australia, finding that close to 12.6 percent of them held cryptocurrencies compared to 12.1 percent holding shiny metal.
Motley Fool, close to one in three crypto investors have made their first investment since March 2020 when the global stock markets crashed courtesy of the COVID-19 pandemic.
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by
Adeniyi Olowoporoku
on
February 23, 2021 Regulation
Swedish Financial Supervisory Authority (FSA) has issued a warning to citizens regarding the trade of crypto-asset products. This comes after the regulatory body previously warned about the risks with trading in crypto-assets.
Crypto-assets Products Unsuitable for Retailers
The latest warning from the FSA was revealed in a blog post on the regulatory body’s website on Monday, Feb 22.
According to the report, the regulator revealed that it had taken a thematic review of the market for financial instruments that are backed by crypto-assets.
The result of which showed that there is a high risk that consumers will lose money on their investments. Also, the report stated that crypto-asset products like Bitcoin exchange-traded products might be unsuitable for retail consumers.
Officials at the Cape Code Hospital have revealed that they received a bitcoin (BTC) donation of $400k twice from an anonymous donor, according to a report by the Boston Globe on February 19, 2021. Cape Cod Hospital Gifted $800k in BTC At a time when the COVID-19 pandemic has triggered…