OKXXX (okxxx)

OKXXX

I love meeting new people and traveling! Crypto lover!

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Crypto market maker Wintermute Trading is currently engaged in discussions to conduct a new fundraising round. The company aims to sell shares worth $100 million, with a portion of the funds allocated to existing shareholders, The Information reported, citing people familiar with the matter. Furthermore, Wintermute intends to issue new shares, although the precise quantity is yet to be determined. The sources said that negotiations are underway, and specific details have not been finalized.

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In the decade since Ethereum co-founder Gavin Wood first coined the term “web3,” we’ve seen the promise of a new digital empire rise into reality. Cryptocurrency has become a trillion-dollar mainstain of the global economy; NFTs have entrenched themselves in high-stakes art and investment trades; blockchain-based financial services have transitioned from novelty to normal.

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Crypto asset manager Grayscale Investments announced updated component weightings of crypto assets in its key funds based on the second quarter 2024 reviews. The key funds are Grayscale Digital Large Cap Fund (GDLC), Grayscale DeFi Fund (DEFG), and Grayscale Smart Contract Platform Ex-Ethereum Fund (GSCPxE Fund). It has removed Polygon (MATIC) from GSCPxE Fund as part of rebalancing.

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Invesco and Galaxy Lower Ether ETF Fees to 0.25% Amid Competitive Market Invesco and Galaxy Digital Asset Management have announced a 0.25% management fee for their upcoming Invesco Galaxy Ethereum ETF (QETH). This rate, revealed in a revised notice to U.S. regulators on July 9, positions the ETF slightly higher than its direct competitors that are also preparing for the launch of spot Ether funds. Respectively, VanEck and Franklin Templeton have set their management fees for similar Ethereum ETFs at 0.20% and 0.19%. This strategic pricing is important given the competition among ETF sponsors as they anticipate the approval and listing of spot Ether ETFs in the US. In contrast to higher fees charged by existing Ethereum investment vehicles like Grayscale’s Ethereum Trust (ETHE) launched in 2017, the proposed fee for Invesco’s ETF is lower. New ETFs with reduced fees, such as QETH, are expected to broaden Ethereum’s market appeal and increase demand for the digital asset.

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