US crypto manager seals deal to push into European market

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The story "US crypto manager seals deal to push into European market" was covered 13 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 13h ago

US crypto manager seals deal to push into European market - Financial Times

Quick Summary:

The deal comes after California-based retail broker Robinhood snapped up European cryptocurrency exchange Bitstamp for $200mn in June.

Its range includes funds focused on second-tier cryptocurrencies such as solana, litecoin and cardano, going beyond what is currently permitted in the US, where only bitcoin and ether have been approved for ETFs.

Its products are not licensed for sale in the US.ETC manages $1.1bn across nine German-domiciled exchange traded crypto products, with $950mn of that accounted for by its flagship Physical Bitcoin ETP (BTCE).