XRP ETF Holdings Unveiled By $5 Trillion Asset Manager UBS: A Tale Spanning N...
UBS, the financial giant that manages more than $5 trillion in assets, disclosed this week that it holds positions tied to XRP through XRP ETF vehicles and trust structures. The filing with the US Securities and Exchange Commission (SEC) shows that UBS’s involvement with XRP did not begin this quarter, and—according to one expert—should be […]
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An asset management firm with nearly $160 billion in assets under management, Victory Capital, has announced that it is entering the cryptocurrency market. The firm has established exclusive agreements with Nasdaq and asset manager Hashdex. Asset Management Firm Entering Crypto Market Victory Capital Holdings Inc. (Nasdaq: VCTR) unveiled its plans to enter the cryptocurrency market Wednesday. Victory Capital is a diversified global asset management firm with $157.1 billion in assets under management as of April 30. The firm provides specialized investment strategies to institutions,....
Pimco, an asset manager with $2.2 trillion under management, is looking to start trading cryptocurrencies. “We’re trading from a relative value perspective,” the firm’s chief investment officer said. Pimco’s clients include central banks, sovereign wealth funds, public and private pension funds, financial and non-financial corporations, foundations, and endowments.
Pimco Getting Into Crypto
Pimco’s chief investment officer, Daniel Ivascyn, told CNBC in an interview Wednesday that his company is looking to trade digital assets, noting....
Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin The asset manager had gradually increased its ETH holdings over time, adding almost 20,000 ETH to its portfolio back in February. The recent filings show that the New York-based asset manager has....
One of the world’s largest asset managers, Vanguard, is reportedly preparing to enter the digital asset space by offering access to crypto exchange-traded funds (ETFs) for the first time. This move comes after a period of skepticism from the firm, which manages approximately $10 trillion in assets. Vanguard Lays Groundwork For Crypto ETFs According to […]
The world’s largest asset manager with $9.5 trillion under management, Blackrock, sees “very little” demand for cryptocurrencies, including bitcoin, according to CEO Larry Fink. Blackrock’s CEO Talks About Crypto Demand Larry Fink, the CEO of Blackrock, the world’s largest asset manager, talked about bitcoin on CNBC Wednesday as his firm announced a better-than-expected quarterly profit. Blackrock’s assets under management jumped to a record $9.49 trillion in the second quarter from $7.32 trillion a year earlier. Reiterating his previous stance on....