Latest news with #MiCA
Arabian Post
9 hours ago
- Business
- Arabian Post
CoinShares launches innovative zero-fee ETP for SEI token
CoinShares has introduced an exchange-traded product designed to offer investors exposure to the SEI token, with a unique value proposition: zero management fees and staking rewards. The ETP, set to launch across multiple European markets, aims to attract both retail and institutional investors who are keen to participate in the burgeoning sector of digital assets. The SEI ETP is being heralded as a groundbreaking development within the cryptocurrency investment space, as it lowers the barriers to entry for investors looking to capitalise on the SEI token. By eliminating management fees, CoinShares has created a highly competitive product that promises higher returns for investors. Moreover, the staking rewards component adds a unique dimension to the offering, allowing investors to earn additional yield from their SEI holdings, further enhancing the attractiveness of the ETP. This launch comes at a time when cryptocurrency investment products are experiencing increasing demand across Europe. With growing interest from institutional investors, particularly in the wake of global market fluctuations and economic uncertainty, innovative financial products like the SEI ETP are gaining significant traction. The move by CoinShares is a response to this rising demand, reflecting the company's commitment to making digital asset investments more accessible and cost-effective. ADVERTISEMENT CoinShares has long been a prominent player in the digital asset investment space. Known for its strong track record in launching exchange-traded products, the company has consistently pushed the boundaries of what is possible in terms of product innovation. The SEI ETP is part of the firm's broader strategy to expand its range of offerings, catering to a diverse array of investors, including those who are new to the world of digital assets. The SEI token, the underlying asset of the new ETP, is a relatively new entrant to the cryptocurrency market. However, it has been gaining momentum due to its strong fundamentals and the innovative approach behind its creation. The staking rewards aspect is particularly appealing, as it provides investors with an additional income stream beyond the typical price appreciation of the token. Europe's regulatory environment for cryptocurrencies has played a pivotal role in enabling the successful launch of such products. With the European Union's comprehensive framework for digital assets gaining momentum, including the MiCA regulation, investors have greater confidence in the safety and legitimacy of cryptocurrency investment products. CoinShares, leveraging its expertise and reputation, is well-positioned to navigate this complex regulatory landscape, providing assurance to investors. The ETP will be listed on major European exchanges, making it easily accessible to a broad spectrum of investors. The zero-fee structure makes it highly appealing to those looking to reduce the cost of investment, while the staking rewards make it an attractive option for those seeking passive income opportunities in the digital asset space. Furthermore, the ETP is designed to cater to both institutional and retail investors, broadening its potential market reach. While the SEI ETP promises to be an attractive product for a wide range of investors, some industry experts caution that investors should remain mindful of the volatility that typically accompanies cryptocurrency markets. Although the SEI token has shown promising growth potential, like all digital assets, it is subject to significant price fluctuations. Staking rewards, while appealing, also come with their own set of risks, particularly if the underlying asset's value decreases. Despite these risks, the growing demand for innovative, low-cost cryptocurrency products remains a driving force in the market. CoinShares' zero-fee SEI ETP is expected to capture a significant share of the market, particularly as investors look for new ways to participate in the digital asset space without incurring high management fees. By offering a product that aligns with investor desires for yield and low-cost access, CoinShares has further cemented its position as a leader in the digital asset investment space.
Yahoo
4 days ago
- Business
- Yahoo
Revolut Makes Crypto Staking Available in Hungary After Restricting Services
Digital bank Revolut's crypto staking services are once again available for its customers in Hungary after pausing for a couple of weeks, a spokesperson from the company told CoinDesk on Friday. The company had paused the majority of its crypto services for customers in Hungary on July 7 due to a new law that criminalized trading on unlicensed crypto platforms, but a spokesperson told CoinDesk on Friday that Revolut was comfortable bringing staking back. It had previously resumed withdrawals, the spokesperson added. After conducting further analysis in connection with its legal position, Revolut is able to resume these [staking] services as only crypto-asset exchanges are captured by the revised legislation," a company spokesperson said in response to an emailed request for comment. Revolut's Hungary customers are now able to participate in staking, where participants can verify transactions on the blockchain network and earn rewards on tokens via its app, and can stop staking at any time. The company's other crypto services are still on pause, its spokesperson said, adding that new crypto deposits are currently not accepted but existing deposits in the app can be sent to another wallet. Revolut has also been trying to comply with the Markets in Crypto Assets legislation which requires firms to get a license in at least one European Union state to be able to operate across the bloc of 27 nations. As of June 30, customers are unable to open new accounts in the Netherlands, Finland, Hungary, Latvia and Slovenia to comply with MiCA. Revolut does not yet hold a MiCA license. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Crypto Inflows Surge to $60B Year-to-Date, Outpacing Private Equity: JPMorgan
Capital is flooding into digital assets at a record pace this year, according to Wall Street bank JPMorgan (JPM), marking a sharp contrast with declining flows into private equity and private credit markets. JPMorgan estimates that net capital inflows into digital assets have hit $60 billion year-to-date, a nearly 50% jump since the firm's last update at the end of May, the bank said in a report on Wednesday. That figure includes crypto fund flows, Chicago Mercantile Exchange (CME) futures activity, and crypto venture funding, and puts 2024 on track to eclipse last year's record. 'The surge of capital inflows into digital assets over the past couple of months has likely been supported by favorable U.S. regulations,' analysts led by Nikolaos Panigirtzoglou wrote. Notably, the passage of the GENIUS Act in Congress provided long-awaited regulatory clarity around stablecoins, establishing global standards for dollar-backed tokens and triggering competitive responses abroad, the authors wrote. China is pressing ahead with its digital yuan rollout, and a yuan-backed stablecoin is now in the works in Hong Kong. Meanwhile, the CLARITY Act, currently moving through Congress, aims to define whether digital assets are securities or commodities, potentially making the U.S. more attractive for crypto-native companies compared to the EU's Markets in Crypto-Assets (MiCA) framework, the report said. This friendlier regulatory climate is fueling a resurgence in both private and public crypto markets. Crypto venture capital (VC) funding has picked up, while public market interest is growing following Circle's (CRCL) initial public offering (IPO) and a flurry of new filings with the Securities and Exchange Commission (SEC), the bank noted. Altcoins are also experiencing renewed investor attention, the report said, and ether (ETH), in particular, has benefited from its central role in decentralized finance (DeFi) and smart contracts, and is increasingly being added to corporate treasuries alongside bitcoin. Asset managers have begun exploring new altcoin-based crypto exchange-traded funds (ETFs), some with staking features, signaling rising institutional appetite beyond bitcoin (BTC), the report while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Crypto Asset Manager CoinShares Secures EU-Wide MiCA License
CoinShares (CS) said it received a license under the European Union's Markets in Crypto Assets (MiCA) regulation, the first crypto asset manager based in continental Europe to qualify. The approval allows the Saint Helier, Jersey-based firm to offer crypto portfolio management services across the 27-nation bloc under a single, harmonized regulatory framework. Operations are already passported to countries including Germany, the Netherlands and Luxembourg, and it may expand further, the company said. The license, granted by France's Autorité des Marchés Financiers (AMF), joins CoinShares' existing permissions under the EU's MiFID and AIFM directives. That, the company says, makes it the only major European asset manager to hold all three credentials. It's a step the firm says could help open the 33 trillion euro ($38.7 trillion) European asset management industry to more fully regulated cryptocurrency investment products. 'Receiving MiCA authorisation from the AMF is a pivotal milestone, not just for CoinShares, but for the entire European digital asset industry,' CEO Jean-Marie Mognetti said in the statement. 'With MiCA, we now have a clear, harmonized structure across the EU, and CoinShares is proud to be the first in continental Europe to meet that standard as a fully regulated asset manager." Various other cryptocurrency firms, it's worth adding, have secured MiCA licenses, including exchanges Coinbase, Bybit, OKX, and Founded in 2013 and publicly traded on Nasdaq Stockholm, CoinShares says it manages over $9 billion in assets. The company's shares rose 1.7% to 120 krona ($12.66). They're up more than 46% year-to-date. 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
Crypto Insight
5 days ago
- Business
- Crypto Insight
CoinShares secures French MiCA license, cementing EU presence
CoinShares, a major European cryptocurrency investment firm, has secured a license under the local regulatory framework, Markets in Crypto-Assets Regulation (MiCA). CoinShares received the MiCA license through its French subsidiary, CoinShares Asset Management, the company announced on Wednesday. With the license, CoinShares became the 'first continental European regulated asset management company' to be qualified under MiCA, the announcement noted. CoinShares, a major provider of crypto exchange-traded products (ETPs) in Europe, has also been expanding its US presence since acquiring Valkyrie Funds last year. Triple license mix Following the new license acquisition, CoinShares now holds three regulatory licenses in Europe, including MiCA, the Markets in Financial Instruments Directive (MiFID) license and the Alternative Investment Fund Managers Directive (AIFM) license. CoinShares said it's the only continental European asset manager with this triple license, allowing it to offer services across all EU asset classes. CoinShares' MiCA license, issued by the French Autorité des Marchés Financiers (AMF) on Thursday, allows the company to offer portfolio management and advice on crypto assets in the EU. The MiFID license allows it to do the same for traditional financial instruments. The AIFM license authorizes CoinShares to provide services in alternative fund management and delegated management under the EU's Undertakings for Collective Investment in Transferable Securities Directive (UCITS). A milestone for entire EU industry According to CoinShares co-founder and CEO Jean-Marie Mognetti, the MiCA license acquisition marks a major milestone not only for CoinShares, but for the entire crypto industry in Europe. 'For too long, asset managers operating in crypto have been confined to partial or improvised regulatory frameworks,' Mognetti noted, adding that MiCA has brought a 'clear, harmonised structure across the EU.' CoinShares stressed that its MiCA license enables it to provide services across several EU jurisdictions, with operations currently passported in France, Germany, Cyprus, Ireland, Lithuania, Luxembourg, Malta and the Netherlands. The announcement noted the possibility of extending the authorization across all EU member states. CoinShares makes moves in the US Apart from cementing its position as a key industry leader in the EU, CoinShares has also been actively working to compete with peers in the US market after officially entering the market in 2023. Since introducing the CoinShares Bitcoin and Ether ETF (BTF) — a futures ETF tracking the price of Bitcoin and Ether — in the US in October 2021, CoinShares has launched three more crypto funds in the market. The list of CoinShares ETFs currently offered in the US. Source: CoinShares The other funds include the CoinShares Bitcoin Mining ETF (WGMI) launched in February 2022, the spot Bitcoin ETF, CoinShares Bitcoin ETF (BRRR), and the Bitcoin Futures Leveraged ETF (BTFX), launched in January 2024 and February 2024, respectively. Following last year's acquisition of Valkyrie Funds, CoinShares has also been actively applying for other ETF products in the US, including a potential spot XRP (XRP) ETF. Source:
