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Crypto Biz: Crypto fever hits wealth managers


This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more

Financial Giant State Street Launches 3 Digital Asset ETFs With Galaxy


Financial giant State Street Global Advisors has launched three digital asset and disruptive technology exchange-traded funds (ETFs) in collaboration with Galaxy Asset Management, focusing on blockchain, AI, and volatility management. These actively managed ETFs aim to capture market inefficiencies...

Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm


Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with...

Goldman Sachs Discloses $418 Million Bitcoin ETF Holdings


Global investment bank Goldman Sachs has reported holdings of $418 million in spot bitcoin exchange-traded funds (ETFs) in the second quarter. Its biggest position is a $238 million stake in Blackrock’s Ishares Bitcoin Trust (IBIT). In contrast, Morgan Stanley reduced its bitcoin ETF holdings....

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