Galaxy Digital, the crypto finance company founded by billionaire Mike Novogratz, is looking to Europe to further its growth in the cryptocurrency sector. As U.S. regulations remain stringent, the firm is set to capitalize on Europe’s encouraging regulatory framework.
CoinShares, a European crypto asset manager, has announced plans to offer hedge funds in the U.S. market. The fund—which currently has over over $3 billion in assets under management—promises to bring to U.S. investors new strategies in crypto investing.
Coinbase, a major U.S. crypto exchange, recently explored the possibility of acquiring FTX Europe, a European-based crypto derivatives exchange. The potential acquisition was viewed as a potential move to expand Coinbase’s position in the European crypto trading market.
SBI-owned crypto trading firm B2C2 is expanding its European presence with the acquisition of rival company Woorton. The deal is expected to boost B2C2’s market reach, creating a new combined force in the ever-evolving European digital asset ecosystem.
Following the launch of the world’s first regulated Bitcoin ETN on Switzerland’s SIX Exchange last month, Europe now has its first spot Bitcoin ETF listed on Euronext Amsterdam. The ETF will enable investors to gain exposure to Bitcoin through a traditional financial instrument.
The global cryptocurrency market has been on the edge of its seat, waiting to hear the final word on a Bitcoin Exchange-traded Fund (ETF). After the approval of Bitcoin ETFs in Europe recently, the discussion of a similar possibility in the US is gaining traction.
The launch of Europe’s first Bitcoin Exchange Traded Fund (ETF) has been met with disappointment as BTC prices dropped $1.5K since its debut. But could Bitcoin ETFs be “sell-the-news” events? Investors will need to assess if these new instruments service the crypto market effectively.
Europe is about to jump aboard the Bitcoin ETF bandwagon. The continent’s first Spot Bitcoin ETF is set to debut in the coming weeks, amidst growing investor interest in the United States. It could offer investors an easier way to access the digital currency.
The European Commission’s grand plans for a unified digital marketplace could be a flop, according to recent reports. A complete overhaul of the EU’s digital infrastructure was announced in 2019, but implementation has been delayed due to difficulties over the complexity of the strategy.