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Digital asset investment products saw outflows totalling $423 million last week, the highest since records began by a considerable margin, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
The outflows occurred on 17 June but were reflected in last week’s figures due to trade reporting lags, and likely responsible for bitcoin’s decline to $17,760 that weekend.
The outflows were solely attributable to bitcoin, at $453 million.
Short-bitcoin products meanwhile, saw inflows totalling $15m due to the launch of the first US-based short investment product last week.
ARK36, a CySec-regulated cryptocurrency hedge fund, has has established a fintech advisory board comprised of global fintech leaders, investment veterans and senior government advisors. The funds has also appointed its first fintech advisory board consultants Frank Thorwald, Dr Mark Moore, Wayne Christian and Lord James Cecil.
The fintech advisory board will assist the ARK36 team in developing trading algorithms, conducting qualitative and quantitative analysis on specific tokens and provide advice on working with Sovereign and Institutional Funds and projects as well as expanding the fintech advisory board team through their vast networks of contacts.
Frank Thorwald is a Managing Member
NinjaTrader Group, a global specialist in clearing, brokerage and technology solutions for active traders through its subsidiaries NinjaTrader and Tradovate, is among the first to offer the new Nano Bitcoin futures (BIT) contract just launched by Coinbase Derivatives Exchange.
The cryptocurrency futures contract can be traded via NinjaTrader or Tradovate without any commissions or market data fees.
Each Nano Bitcoin futures contract is sized at 1/100 the price of a bitcoin, representing the smallest size cryptocurrency futures contract available today. The contract enables traders to go long or short bitcoin, providing an opportunity to take advantage of the markets going
Bybit, a cryptocurrency exchange with one of the largest BTC futures open interest, is settling its options trading market in one of the world’s most trusted stablecoins: USDC.
Unlike bitcoin-settled contracts, Bybit’s use of USDC allows for stable prices for the duration of each contract.
Users of Bybit’s European-style, USDC-settled options will also benefit from the newly-launched unified margin account, which offers a completely new derivatives trading structure. Users can use all assets under their account as collateral to trade USDC options contracts as well as perpetuals.
Bybit’s portfolio margin account supports USDT, USDC, BTC and ETH as
The onset of the Covid-19 pandemic upended the investment management, hedge fund, and financial services sectors, with firms quickly pivoting towards remote working and trading, investor and operational due diligence processes migrating to virtual settings, and industry participants describing the crisis as the ‘largest continuity test ever’ for business operations.
More than two years on, as forms of hybrid working remain in place, the experience appears to have shifted the needle, bringing about the increased potential for a range of back-, middle-, and even front-office functions traditionally performed on-site to be made permanently remote.
Appetite for outsourcing remains high, according
A survey by Hedgeweek in May shows that 82% of emerging managers (<$250m) cite attracting investor flows as the single biggest challenge for emerging and start-up managers during the initial launch process
Fund launch process hampered by rising volatility, allocator caution and capital-raising challenges – but emerging managers’ outlook stays buoyant
CoinFLEX has become the latest crypto exchange to pause withdrawals on its platform but says that the problems at trouble Digital assets hedge fund Three Arrows Capital (not blame according to a report by CryptoPotato).
Writing in a blog post, CoinFLEX CEO Mark Lamb, said: “Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals. We fully expect to resume withdrawals in a better position as soon as possible. We will fully communicate with you as we find out more.”
Lamb also clarified that the unnamed counterpart was
Many US hedge fund manager seem to believe that further market declines are on the horizon and are adopting a cautious approach to stock trading as a result, according to a report by The Financial Times.
Matrixport, one of the world’s largest digital assets financial services ecosystems, has launched warm and cold custody services for non-fungible tokens (NFTs) via its third-party institutional custody service, Cactus Custody.
This latest NFT asset management offering provides institutions the ability to safely store and manage their NFT and crypto assets in one place.
NFTs have become increasingly popular, taking on a variety of formats including art, trading cards, comics and games. NFT marketplaces have expanded from just a handful to hundreds of marketplaces across multiple blockchains, with the global value of NFTs sold growing 500x reaching $20 billion in 2021.
