Michigan pension fund discloses $6.6 million in Bitcoin ETFs
The State of Michigan Retirement System holds $6.6 million in 21Shares’ ARKB ETF. Michigan pension fund’s disclosure adds to growing number of US state pension funds buying spot Bitcoin ETFs.…
Jersey City mayor to invest pension fund in Bitcoin ETFs
Jersey City Mayor Steven Fulop plans to invest pension funds in Bitcoin ETFs. Fulop likens the investment to Wisconsin Pension Fund’s 2% crypto allocation. SEC-approved Bitcoin ETFs see minimal adoption…
Grayscale launches Grayscale Decentralized AI Fund
Grayscale announced the launch of the Grayscale Decentralized AI Fund LLC on Wednesday, July 17. The fund will initially have Near Protocol (NEAR), Filecoin (FIL), Bittensor (TAO), Livepeer (LPT) and…
Blackrock’s BUIDL Fund Surpasses $500 Million
Blackrock’s tokenised US TReasury fund, BUIDL, surpassed a market value of $500 million. The overall market of tokenized US Treasury products has risen to $1.8 billion, signalling growth in the…
Bitget Wallet Unveils Bitget Onchain Layer, Rolls Out $10M BWB Ecosystem Fund
Victoria, Seychelles, May 15th, 2024, Chainwire Bitget Wallet, a leading non-custodial wallet and decentralized ecosystem platform, has announced the launch of its latest product blueprint, the Bitget Onchain Layer, to…
Franklin Templeton tokenizes $380M fund on Polygon and Stellar for P2P transfers
The Franklin OnChain FOBXX investors can now transfer the fund’s BENJI token directly between each other without any intermediary. Franklin Templeton is competing with BlackRock’s Ethereum-based BUIDL fund in the…
BlackRock tokenizes Money Market Fund on Hedera, HBAR soars
Archax, Ownera and The HBAR Foundation have enabled the first tokenization of BlackRock’s money market fund (MMF) on Hedera. This is a major development in the real-world assets (RWAs) industry…
BlackRock’s BUIDL fund now convertible to USD Coin (USDC) after Circle integration
Circle enables BUIDL share conversion to USDC with new smart contract functionality. BlackRock’s BUIDL investors can convert their shares to USDC 24/7. BlackRock’s BUIDL fund saw $240 million in first-week…
Grayscale drops Cardano (ADA) from its digital large cap fund
Grayscale has removed Cardano (ADA) from its Digital Large Cap Fund following a quarterly rebalancing. The asset manager also removed Cosmos (ATOM) from its smart contracts fund. Crypto asset manager…
Decentralized Fund Management Platform DeSyn Launch Liquidity Restaking Fund, Enjoy triple points for Eigenlayer, Renzo, and DeSyn
Hong Kong, Hong Kong, February 6th, 2024, Chainwire After a period of tranquility, the Ethereum ecosystem is gradually regaining momentum with the rise of the Restaking. As seasoned DeFi participants,…