| Mobile Web

Search results for AUM

Crypto

Tech Insight: Why stablecoins still are not used like money despite being super infrastructure

Zach Abrams, founder and CEO of stablecoin issuer Open Standard, said stablecoins can be as stable as cash, profitable and transferable online, but are not being used effectively for transactions. He cited hurdles in card settlement, institutional trading, corporate treasury management and fintech infrastructure. Abrams said Open Standard is focused on solving these issues with OpenUSD by sharing reserve income, charging small per-transaction fees and imposing no withdrawal fee.

Crypto

Bitwise XRP spot ETF stays on top with 35 percent market share

Bitwise’s XRP spot exchange-traded fund has surpassed $500 million in assets under management nine months after launch, with net assets at $507.23 million, the largest among XRP spot ETFs, according to The Crypto Basic. Bitwise said continued support from the XRP community and broader investor access helped drive the result. The fund has logged cumulative net inflows of $635.56 million and holds 34.98 percent of the $1.45 billion XRP spot ETF market.

Crypto

Hashdex \'DEFI\' heads for liquidation as smaller bitcoin ETFs struggle to gain ground

Asset manager Hashdex has started liquidation procedures for its bitcoin spot exchange-traded fund, DEFI. The fund ended trading on NYSE Arca on Aug. 17 and stopped accepting new trade orders the same day. Hashdex plans to sell remaining bitcoin, wind down operations and return residual assets to investors in cash based on net asset value. The move comes as overall bitcoin spot ETF inflows continue, led by BlackRock’s IBIT.