Invesco and Galaxy Digital aim to introduce a spot Ethereum (ETH) exchange-traded fund (ETF) as more and more asset managers continue to explore digital asset products. In a Friday post on X (formerly Twitter), Bloomberg ETF analyst James Seyffart revealed that the two asset managers have filed for a spot Ether ETF, dubbed Invesco Galaxy Ethereum ETF. … Read More: Invesco and Galaxy…
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FTX Trading Ltd., accompanied by its linked debtors, has approached the U.S. Bankruptcy Court in Delaware with a proposal to collaborate with Michael Novogratz’s Galaxy Digital Capital Management LP, also known as Galaxy Asset Management. FTX Trading Proposes Alliance With Novogratz’s Galaxy Digital FTX aims to onboard Galaxy Asset Management to oversee a portion of…
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The digital asset trust firm Bitgo, headquartered in Palo Alto, California, has secured $100 million in a Series C funding round. While the company remains tight-lipped about the participants in this financial endeavor, this fresh infusion of capital catapults the firm’s post-valuation to $1.75 billion. Bitgo Raises $100 Million From Undisclosed Investors Bitgo has successfully…
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Bitcoin-related funds saw outflows of $13 million over the past week, reversing five weeks of bullish inflows, according to Coinshares analyst James Butterfill. Bitcoin-related investment products appear to have lost some of their sheen among crypto investors, recording its first week of outflows since Blackrock filed for spot Bitcoin ETF in June. According to a July…
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Venture capital firms are continuing to invest less money in the crypto sector, after five consecutive quarters of declines, according to a new report from crypto financial services firm Galaxy Digital. During the second quarter of this year, VC firms invested $2.3 billion in crypto and blockchain firms, a sharp decline from the same quarter…
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US-based crypto startups attracted 45% of all VC funding invested in the industry, followed by the United Kingdom claiming 7.7% of capital investment and Singapore with 5.7%. Despite facing regulatory scrutiny in the United States, crypto firms continue to innovate, with nearly half of all capital investments flowing towards U.S. crypto businesses, according to a…
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The Galaxy Digital founder believes approval of a spot Bitcoin ETF would essentially be a United States regulator and government nod for Bitcoin. The approval of a spot Bitcoin (BTC) exchange-traded fund (ETF) would equate to a “seal of approval” for Bitcoin from the United States government and its securities regulator, says Mike Novogratz. In…
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Leon Marshall, a former executive at Genesis, has joined Mike Novogratz’s Galaxy Digital as global head of sales. Per his LinkedIn, this crypto trading veteran held the same role at Genesis from January 2019 until June 2023. Genesis was a unit of the Digital Currency Group (DCG) that, along with Genesis Global Holdco and two…
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Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover. BlackRock’s latest filing for a spot Bitcoin (BTC) trust will drive investors’ confidence in Bitcoin and may even be “the best thing that could happen” to BTC, according to…
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Galaxy Digital CEO Mike Novogratz believes the crypto market lacks momentum to move higher as Bitcoin posts its first monthly loss of the year. The flagship cryptocurrency lost 6% of its value in May, while Ethereum fell by 1%. Both remain well over 50% year to date, however. … Read More: Billionaire Mike Novogratz Says Crypto…
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