Latest news with #Bitcoin-focused
Yahoo
3 days ago
- Business
- Yahoo
Crypto ETFs Lead April Inflows With $3.7B Asset Surge
Crypto exchange-traded funds attracted $3.7 billion in net inflows during April, marking the strongest monthly performance for the category this year, according to ETFGI data released Friday. The robust crypto ETF flows, combined with the $923.7 million that flowed into thematic ETFs, underscore investors' continued appetite for emerging technologies and digital assets amid broader market volatility, according to ETFGI data. The iShares Bitcoin Trust (IBIT) led crypto ETF inflows with $2.7 billion added during April, according to the ETFGI report. This fund's dominance reflects institutional and retail investor confidence in Bitcoin exposure. Meanwhile, the Fidelity Wise Origin Bitcoin Fund (FBTC) experienced outflows of $87.3 million year to date, despite gathering $155.6 million in April, the report noted. These mixed results highlight the competitive landscape among Bitcoin-focused products. Global assets invested in crypto ETFs reached $146.3 billion at the end of April, marking the fourth-highest level on record, ETFGI data show. This total remains below the all-time high of $170.9 billion recorded in January 2025. During April, the crypto ETF universe expanded to 304 products with 756 listings globally from 65 providers across 26 exchanges in 20 countries, according to the report. A total of 23 new digital assets ETPs launched during the month alone. Year-to-date net inflows of $6 billion rank as the second-highest on record for crypto ETFs, trailing only 2024's $42.3 billion, the research firm noted. Historical data show 2021's total of $2.7 billion ranks third. Thematic ETFs maintained their growth trajectory with a fifth consecutive month of net inflows, gathering $923.7 million in April, according to ETFGI. Year-to-date inflows of $10.8 billion rank as the fourth-highest on record for this category. Among thematic products, the iShares Global Infrastructure ETF (IGF) attracted $126.2 million in April inflows, bringing its year-to-date total to just over $1 billion, according to the data. The Global X Cybersecurity ETF (BUG) gathered $104.3 million during the same period. Assets invested in thematic ETFs reached $317.4 billion at the end of April, below the record high of $329.8 billion set in January 2025, ETFGI reported. This category now includes 1,582 products with 3,049 listings from 276 providers across 53 exchanges in 41 | © Copyright 2025 All rights reserved Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Pantera Reveals Its Bets on Stocks That Adopted ‘Digital Asset Treasury' Strategy
Crypto investment firm Pantera Capital revealed a series of concentrated bets on a growing class of publicly-traded companies holding large digital asset reserves on Thursday. Among Pantera's portfolio is Twenty One Capital (CEP), a Bitcoin-focused treasury firm led by Jack Mallers and backed by Tether, Softbank and Cantor Fitzgerald, according to a note by general partner Cosmo Jiang. The firm also disclosed it is an early backer of DeFi Development Corp (DFDV), which applies the model to Solana SOL, and Sharplink Gaming (SBET), the Ethereum ETH treasury play supported by Ethereum software firm ConsenSys, per the note. This investment push signals Pantera's broader belief that traditional financial structures are increasingly viable pathways into digital assets, even as spot-based exchange-traded funds (ETF) and other regulated products expand. These firms —what Pantera calls Digital Asset Treasury companies, or DATs — seek to offer crypto exposure to equity market investors without requiring direct ownership of tokens, a play spearheaded by Michael Saylor's Strategy (MSTR). These stocks unlock crypto access for investors still wary of managing wallets or trading on crypto exchanges, Jiang argued. The companies function as closed-end funds on public markets, potentially limiting supply of the underlying assets — Bitcoin, Solana or Ethereum — and affecting price dynamics over time, he said. The note argued that under the right conditions — market volatility, financial engineering, and smart management — these companies can grow their token-per-share metrics faster than the tokens themselves appreciate, potentially offering more upside than direct crypto purchases. However, as the market is getting increasingly saturated with these offerings, a few analysts raised concerns about the long-term upside of these stocks: MSTR, for example, underperformed while bitcoin rose to fresh record highs this month, 10x Research in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
5 days ago
- Business
- Business Wire
Cantor Fitzgerald Asset Management to Launch Gold Protected Bitcoin Fund
NEW YORK--(BUSINESS WIRE)--Cantor Fitzgerald Asset Management ('CFAM') today announced plans to launch Cantor Fitzgerald Gold Protected Bitcoin Fund, L.P. (the 'Fund'), an investment vehicle that will combine direct Bitcoin exposure with downside protection based on the price of gold. This innovative Fund will be CFAM's first Bitcoin-focused investment vehicle. Structured with a five-year duration, the Fund aims to deliver uncapped upside participation in Bitcoin, while providing 1-to-1 downside protection based on the price of gold. 'At Cantor, we are focused on delivering innovative products that support clients seeking exposure to digital asset investments,' said Brandon G. Lutnick, Chairman of Cantor Fitzgerald. 'We believe this is a truly groundbreaking investment vehicle—one that helps investors to tap into Bitcoin's potential growth with downside protection based on the price of gold. This Fund reflects our entrepreneurial spirit and commitment to delivering bold, forward-thinking solutions that redefine what's possible in digital asset investing.' The Fund is expected to begin accepting investor capital in the coming weeks. Cautionary Statements These preliminary materials outline certain characteristics of a proposed investment vehicle, the Cantor Fitzgerald Gold Protected Bitcoin Fund, L.P. (the "Fund"). All information in these materials is for illustrative purposes only. These materials are presented solely for purposes of discussion to assist prospective investors in determining whether they have a preliminary interest in investing in the Fund with the general characteristics described herein. The Fund is in a structuring phase and there may be material changes to the structure, terms and target assets prior to any interests in the Fund being offered. This document does not constitute an offer to sell or the solicitation of an offer to purchase any securities of the Fund. Any such offer or solicitation may only be made by means of delivery of the final Private Placement Memorandum of the Fund, which will contain material information not included herein and shall supersede, amend and supplement this document in its entirety. The actual structure of the Fund, including economics, assets to be acquired and the composition of the Fund's portfolio, will be determined over the course of the Fund's investment period, based upon market conditions and other factors applicable at that time. The actual composition of the Fund's portfolio may therefore be materially different from the one presented herein and may change over time. Past performance is not indicative of future results. About Cantor Fitzgerald, L.P. Cantor Fitzgerald, with approximately 14,000 employees, is a leading global financial services and real estate services holding company and a proven and resilient leader for more than 79 years. Its diverse group of global companies provides a wide range of products and services, including investment banking, asset and investment management, capital markets, prime services, research, digital assets, data, financial and commodities brokerage, trade execution, clearing, settlement, advisory, financial technology, custodial, commercial real estate advisory and servicing, and more. About Cantor Fitzgerald Asset Management Cantor Fitzgerald Asset Management's global investment platform consists of approximately $14.8 billion of assets under management across mutual funds, interval funds, exchange-traded funds, separately managed accounts, unified managed accounts, non-traded REITs, opportunity zone funds, 1031 and 721 exchange vehicles, and other private investment vehicles managed on behalf of high net worth and institutional investors. The experience and knowledge of its senior leadership and portfolio management teams combined with the financial services prowess of industry leader, Cantor Fitzgerald, enable the delivery of a platform of solutions across a comprehensive range of capabilities. For more information, visit:
Cision Canada
5 days ago
- Business
- Cision Canada
Cango Inc. Completes PRC Business Sale, Strengthens Board to Drive Global Bitcoin Focus
SHANGHAI, May 29, 2025 /CNW/ -- Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a rapidly expanding leader in Bitcoin mining, has finalized the divestment of all its business in the PRC (the "PRC Business"), a strategic transaction valued at approximately US$351.94 million in cash with Ursalpha Digital Limited. The sale, which closed on May 27, 2025, decisively repositions Cango to concentrate its full financial and operational capabilities on accelerating its leadership in the global Bitcoin mining industry. This pivotal move unlocks significant resources and facilitates Cango's rapid expansion of its Bitcoin mining across key strategic regions, including North America, the Middle East, South America, and East Africa, leveraging emerging opportunities in the digital finance sector. This transaction also represents a transformative step for Cango, cementing its strategic shift to a focused leader in global Bitcoin mining. The Company is now streamlined and better capitalized, positioning it to aggressively pursue its growth objectives and enhance shareholder value. As part of this strategic realignment, the Company has further restructured its Board of Directors with the appointment of two new members, effective May 27, 2025, bringing deep expertise in Fintech, AI, Web 3.0, and global capital markets to steer Cango's Bitcoin-focused future. Looking ahead, this enhanced board composition reinforces Cango's commitment to innovation and strengthens its position for leadership in the rapidly evolving digital finance landscape. The initial agreements for the sale of PRC Business were announced on April 3, 2025, with shareholder approval obtained on May 16, 2025. Following the divestment, the Company will apply to the China Securities Regulatory Commission ("CSRC") to terminate its "China Concept Stock" status. About Cango Inc. Cango Inc. (NYSE: CANG) is primarily engaged in the Bitcoin mining business, with operations strategically deployed across North America, the Middle East, South America, and East Africa. The Company entered the crypto asset space in November 2024, driven by advancements in blockchain technology, the growing adoption of digital assets, and its commitment to diversifying its business portfolio. In parallel, Cango continues to operate an online international used car export business through making it easier for global customers to access high-quality vehicle inventory from China. For more information, please visit: Media Contact SOURCE Cango Inc.
Axios
6 days ago
- Business
- Axios
Vance doubles down on crypto support
Vice-President JD Vance addressed the Bitcoin 2025 conference in Las Vegas Wednesday, promising to eliminate aggressive regulation of the crypto industry and promote a pro-growth legal framework for stablecoins. Why it matters: Last year then-candidate Donald Trump cemented the Bitcoin community's support for his re-election by becoming the first presidential candidate to appear at the world's largest Bitcoin-focused event. The big picture: Last year Trump made big news, using the conference's stage to float the idea of a U.S. bitcoin reserve. Vance's speech Wednesday contained no such bombshells. "Crypto is a hedge against bad policy making from Washington, no matter what party is in control," Vance told the crowd. "I'm here today to say loud and clear with President Trump, crypto finally has a champion and an ally in the White House," he added later. Vance made three points about the policy priorities of the White House, which will sound familiar to anyone who has been following the topic in Congress this year. "Our administration, we prioritize eliminating the rules, the red tape and lawfare that we saw aimed at crypto by our predecessors. We're ending the weaponization of federal regulations against this community," he said. "To put it simply, Operation Chokepoint 2.0 is dead and it's not coming back under the Trump administration," Vance said, referring to the name critics have given to what has increasingly looked like a coordinated effort by regulators to keep the crypto industry from accessing traditional banking services. Since Trump's inauguration, banking regulators have withdrawn guidance they had previously issued that served as the basis for this reluctance by bank supervisors. Vance said the second priority was to pass stablecoin legislation, which would allow dollar-backed cryptocurrencies to be issued and traded with clear regulatory guardrails in the U.S. The Trump family's own involvement in the crypto industry, including stablecoins, has been an impediment to moving stablecoin legislation as swiftly as it might have otherwise. Finally, Vance said the White House supports defining how other digital assets should be regulated with a "market structure" bill, which would define a broad scheme for how crypto assets would be regulated in the U.S. "We want our fellow Americans to know that crypto and digital assets, and particularly bitcoin, are part of the mainstream economy and are here to stay," Vance said. The bottom line: Vance signaled that the White House sees alignment between the attendees at Bitcoin 2025 and the administration, by urging them to keep the political pressure up.
