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Users can now secure and access AVAX on both X-chain and C-chain addresses using Ledger hardware wallets.
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Digital asset investment products saw inflows totalling USD373 million last week highlighting a resurgence, according to the latest CoinShares Digial Asset Fund Flows weekly report.
Some providers continue to see outflows in what CoinShares believes is the continued profit-taking behaviour. Unusually, inflows were seen across the full spectrum of digital assets.
The positive momentum for Ethereum continues with inflows of USD60m last week with total assets under management only in December 2020.
New investment product entrants, Cardano and Litecoin got off to a good start with inflows USD6.6 million and USD3.6 million respectively.
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Digital investment specialist firm Osprey Funds has seen interest from hedge fund managers in its bitcoin trust, OBTC, which was launched last year, and now has assets of USD160 million.
ACDX, a crypto derivatives exchange offering structured products for sophisticated traders, is launching the first leveraged BBS trading option for Chia Tokens (XCH).
StoneX Group’s London-based subsidiary, StoneX Financial (StoneX) has become a member of London Stock Exchange and Turquoise, the pan-European MTF. This membership enhances the Company’s cross-border equities trading and cross-asset capabilities.
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Insig AI, an AI and machine learning company serving the asset management industry, has formally launched, following its listing on the AIM London Stock Exchange.
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Lukka, an institutional crypto asset software and data provider has appointed Dan Huscher as Head of Data and Analytics.
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VAST Data, the storage software company breaking decades-old tradeoffs, has secured USD83 million in a Series D funding, led by Tiger Global Management, at a post-money valuation of USD3.7 billion – a tripling of the company’s valuation since April 2020.
The round features strong participation from NVIDIA and several other existing investors, and is driven by VAST’s unique combination of rapid customer adoption and positive cash flow. The funds add to VAST’s Series B and Series C investments to create a balance sheet that is USD230 million strong, positioning VAST as the next great independent infrastructure company that is poised
The Strategic Funds, a diversified asset management holding company that engages in alternative investment strategies and proprietary investments in private equity, has expanded its footprint into the crypto market with the launch of a new Fund.
The new Fund will offer accredited investors exposure to a diversified portfolio of crypto assets, beyond just bitcoin. By deploying a balanced allocation to the top 10 crypto tokens by market cap along with a quant-driven hedging algorithm for dynamic adjustments, as well as crypto asset and cash-based lending strategies, the fund seeks the primary objective of delivering long-term capital growth at moderate levels
Argentium Digital Asset Management, a London-based cryptocurrency hedge fund founded by ex-JP Morgan and Credit Suisse manager Paul Frost-Smith, has unveiled a new Cayman-based fund which will formally launch next month.
