HomeBlockchainGalaxy and CoinShares Q1 Results, ETFs Utilizing Blockchain Technology, and Other Updates

Galaxy and CoinShares Q1 Results, ETFs Utilizing Blockchain Technology, and Other Updates


Financial Results of Spot Bitcoin ETF Managers and Other Crypto News

CoinShares and Galaxy Digital, two prominent spot Bitcoin exchange-traded fund (ETF) managers, have reported impressive financial results for the first quarter of 2024. CoinShares saw a record revenue of 19.5 million pounds ($24.5 million), a 216% increase from the same period in 2023, while Galaxy Digital’s net income rose by 40% to $422 million.

Additionally, Franklin Templeton CEO Jenny Johnson predicted that all ETFs and mutual funds will soon be on blockchain, citing the technology’s cost-saving benefits. Polymarket, a platform for betting on political events, raised $70 million in funding led by Peter Thiel’s Founders Fund and Ethereum co-founder Vitalik Buterin.

In other news, Antonio Juliano, the founder of dYdX, has decided to step down as CEO after seven years, with Ivo Crnkovic-Rubsamen taking over the leadership role. Stay tuned for more updates on the latest developments in the crypto and blockchain industry with Crypto Biz.


Donald Trump scheduled to address Bitcoin conference

Trump to Speak at Bitcoin Conference in Nashville: Will Crypto Community Support Him in the Election? The upcoming Bitcoin Conference in Nashville, Tennessee is set...

Exploring the Impact of Blockchain Technology on Payment Gateways: The Hype Magazine Dives into Urban Culture with Stories from Hip Hop to Hollywood! Discover...

Blockchain Technology: Revolutionizing Payment Gateways in Biz/Tech/NFTs Blockchain Technology Revolutionizing Payment Gateways In a world where traditional payment systems are often slow, expensive, and limited in...

Kamala Harris is learning about cryptocurrency

Vice President Kamala Harris and Crypto: A Closer Look at Her Emerging Interest Vice President Kamala Harris is making waves in the crypto world as...

Ethereum ETFs See $107 Million in Net Inflows on Debut Day

United States Ether ETFs See Strong Inflows on First Day of Trading On their first day of trading, United States Ether exchange-traded funds (ETFs) made...

Most Popular