Article: Fidelity Joins Race for US Bitcoin ETF

Article - Media, Publications

Fidelity Joins Race for US Bitcoin ETF

THESTREET CRYPTO,  25 March 2021

Fidelity has made an application with the U.S. securities regulator to offer a Bitcoin exchange-traded fund (ETF), according to public filings. The Block was the first to report on the application.

The asset management firm lodged paperwork for the Wise Origin Bitcoin Trust, which would track the price of Bitcoin using data from predominantly U.S.-based exchanges: Coinbase, Gemini, ItBit, Kraken and Bitstamp.

“An increasingly wide range of investors seeking access to Bitcoin has underscored the need for a more diversified set of products offering exposure to digital assets,” a Fidelity spokesperson told Bloomberg.

Fidelity is perhaps the highest profile name to apply for a Bitcoin ETF this year. Five other contenders are vying to become the first U.S. Bitcoin ETF, including VanEck, First Advisors/Skybridge and NYDIG. Continue reading “Article: Fidelity Joins Race for US Bitcoin ETF”

Article: Solidus Raises $3 Million in Seed Financing to Tackle Digital Asset Market Manipulation

Article - Media, Publications

Solidus Raises $3 Million in Seed Financing to Tackle Digital Asset Market Manipulation

Business Wire, 25 February 2019

Solidus Labs, provider of a machine learning-powered trade surveillance platform tailored for digital assets, secured a $3 million seed round of financing led by Hanaco Ventures. Additional participants in the round include Global Founders Capital, as well as angel investors and Wall Street veterans David Krell and Norman Sorensen. With the proceeds Solidus’ team of former Goldman Sachs engineers is set to address a major challenge preventing greater institutional and mainstream adoption of digital assets – trade manipulation and market integrity.

Solidus’ web-based platform is already deployed with diverse clients including exchanges, broker-dealers, hedge funds and market makers in Europe, the United States and Israel. The funding round will be used to continue expanding the company’s engineering and machine learning teams, as well as sales, marketing and customer success operations. Solidus is accommodating growing demand from digital asset firms, as those strive to satisfy intensifying regulatory oversight and high compliance standards of traditional financial institutions. Continue reading “Article: Solidus Raises $3 Million in Seed Financing to Tackle Digital Asset Market Manipulation”