Global digital asset investment products saw significant inflows last week, totaling $2.45 billion. The latest weekly report from CoinShares confirmed the surge in the inflow of funds into digital asset investment products, which pushed the assets under management to a peak not seen since early 2022, now standing at $67 billion. The US spot ETF market played a pivotal role in this development, capturing $2.4 billion of last week’s inflows. Bitcoin remains the clear market leader, garnering approximately 98% of total inflows last week. Increased confidence also permeated through to Ethereum, re ..read more

German authorities successfully confiscated 50,000 Bitcoin, valued at $2.17 billion, in mid-January from a piracy website, according to a Jan. 30 statement from the Saxony Police. The seizure is linked to an ongoing investigation into suspected unauthorized commercial exploitation of copyrighted works under the Copyright Act and subsequent commercial money laundering. The Federal Criminal Police Office (BKA), the FBI, and an undisclosed IT company from Munich are collaborating in the investigations. According to the authorities, two unnamed suspects, including a 40-year-old German and a 37-yea ..read more

Following 11 weeks of consistent inflows into digital asset investment products, outflows totaling $16 million showcased a slight reversal in the market. The latest CoinShares report highlights this subtle shift in the investment landscape of digital assets. The overall trading activity for the week stood at $3.6 billion, significantly higher than the year-to-date average of $1.6 billion. Despite the recent outflow, this robust trading volume spotlights a continued interest in the market. CoinShares Weekly ETP fund flows chart. Even in the face of a seemingly imminent spot Bitcoin ETF approval ..read more

The total value of assets under management for crypto-related investment products surged 107% to $46.2 billion on the heels of the tenth consecutive week of inflows recorded by these products. Per CoinShares’ weekly report, crypto products recorded a robust inflow of $176 million during the past week, bringing its total for the 10-week influx to an impressive $1.76 billion. The asset manager noted this sustained influx is the most substantial since Oct.2021, coinciding with the launch of a futures-based ETF in the United States. Notably, these inflows have amplified Exchange Traded Products (E ..read more

Last week saw a remarkable influx of capital into digital asset investment products, amounting to $346 million, according to CoinShares’ most recent data. This figure represents the most significant weekly inflow in a consecutive nine-week run and marks a pivotal point last seen during the bull market enthusiasm of late 2021. According to the reported figures, the inflow spike has propelled the total assets under management (AuM) to a staggering $45.3 billion, the highest in over eighteen months. Canada and Germany accounted for 87% of the total, with inflows of $199.1 million and $101.5 milli ..read more

Crypto exchange Binance told CryptoSlate it launched an “invitation-only” exchange in Thailand that would become available to the general public by next year, according to a Nov. 16 emailed statement. Gulf Energy Development Pcl, one of the largest businesses in the Asian country owned by billionaire Sarath Ratanavadi, said its subsidiary Gulf Innova partnered with Binance to launch Gulf Binance Co. On Nov. 10, the newly formed exchange obtained approval from the Thai Securities and Exchange Commission (SEC) to offer digital asset exchange and broker services for cryptocurrencies and digital t ..read more

Commerzbank has secured a cryptocurrency custody license, marking the first instance of a German full-service bank obtaining such approval from national regulators, according to a Nov. 15 statement. The bank acquired licensing from the German Federal Financial Supervisory Authority and the European Central Bank, in line with Article 1 Section 1a Sentence 1 No 6 German Banking Act (KWG). This license allows Commerzbank to expand its digital asset offerings. Additionally, the bank intends to establish a secure, compliant platform utilizing blockchain technology for custody services related to cr ..read more

The inherent value of digital currencies remains a hot topic of dispute for legacy fund managers, ignited by the $900 billion German asset manager DWS Group holding two contrasting viewpoints on crypto within the firm. While DWS is poised to introduce crypto ETFs to the European market, not everyone at the company believes crypto has a future. Speaking to Bloomberg, Bjoern Jesch, DWS’s global chief investment officer, highlighted the divergent opinions within his team. Jesch stated, “One camp of people in my group is saying forget it, the value of crypto is zero, there’s nothing behind it ..read more

Deutsche Bank, one of the leading financial institutions in the world, will integrate Swiss crypto firm Taurus’ digital asset custody and tokenization services for its clients, according to a Sept. 14 statement shared with CryptoSlate. Per the statement, the partnership between both entities extends Deutsche Bank’s recent digital asset-focused initiatives, including its recent application for a cryptocurrency custodial services license in Germany and its participation in a proof of concept tokenization platform called Project DAMA in Singapore. Deutsche Bank is the largest bank in Ge ..read more

Binance confirmed to CryptoSlate that it had withdrawn its crypto custody license application in Germany, according to a July 26 emailed statement. In June, unconfirmed reports emerged that BaFin, Germany’s top financial regulator, intended to deny Binance’s application for a crypto custody license. At the time, a representative from the exchange told CryptoSlate that it was in contact with regulators from the country. Less than a month later, the exchange withdrew its license application because “the situation, both in the global market and regulation, has changed significantly.” The exchange ..read more