By Kapil Rajyaguru
Taiwan FSC Opens the Gates for Investments in Bitcoin ETF
The Financial Supervisory Commission (FSC), Taiwan’s top financial securities regulator, said professional investors may re-entrust cryptocurrency exchange-traded funds (ETFs) like Bitcoin ETF. Chinese politicians suggest a cautious crypto transition despite increased demand for spot Bitcoin ETFs.
Taiwanese regular investors won’t have crypto ETFs initially. The exposure is restricted to institutional investors, high-net-worth legal entities, and individual investors with large asset portfolios and suitable investing skills.
Crypto Investment Products Saw $1.2 bn of Inflows Last Week, Most in 10 Weeks: CoinShares.
Crypto asset management CoinShares reported $1.2 billion in digital asset fund inflows last week, the most since July 19.
On Monday, CoinShares said that predictions of future U.S. interest-rate reduction drove the third straight week of inflows. U.S. funds contributed $1.17 billion to the $1.2 billion inflows.
Bitcoin funds received over $1 billion. The study said ether products saw “the first measurable inflows since early-August,” adding $87 million to end a five-week losing skid.
FTX Token Spikes 70% Amid Looming Bankruptcy Distributions.
FTX Token (FTT), the native cryptocurrency of insolvent crypto exchange FTX, has rallied ahead of bankruptcy payouts. FTT rose more than 70% to multimonth highs on Sept. 29, temporarily topping $2.70 for the first time since March 2024, according to CoinGecko.
FTT rallied after social media reports that the FTX bankruptcy estate will compensate creditors and customers on Sept. 30.
Matrixport Acquires Swiss Asset Manager To Expand In Europe.
Matrixport is expanding in Europe by acquiring Swiss crypto asset manager Crypto Finance.
Singapore-based Matrixport announced its all-cash purchase of Crypto Finance Asset Management on Sept. 30.
CFAM was part of Deutsche Börse Group-owned Crypto Finance Group, Matrixport reported.
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