Receive the best insights on Digital Assets. Subscribe to our Newsletter
The Tough Road to a Spot Bitcoin ETF

The launch of a spot Exchange Traded Fund (ETF) for bitcoin has already become a point of honor in the United States. Since 2013, when the Winklevoss brothers underwrote the first application, they have already exceeded dozens of applications on which the Securities and Exchange Commission (SEC) has stamped its rejection mark.

Read more

Europe will have its first Bitcoin spot ETF
This July will see the launch of the first Bitcoin spot ETF in Europe. Jacobi Asset Management will offer the exchange-traded fund on Euronext Exchange Amsterdam under the symbol BCOIN, allowing exposure to the asset under a regulated structure.

Read more

Grayscale sues SEC after the rejection of its Bitcoin ETF application again
Digital asset manager Grayscale has taken legal action against the U.S. Securities and Exchange Commission after rejecting its application to convert its GBTC fund into an ETF, on the grounds of a few measures to prevent fraud and protect investors.

Read more

VanEck reapplies for a Bitcoin spot ETF with the SEC
A day after the Grayscale rejection, and eight months after the rejection of its previous application, ETF and Mutual Fund manager VanEck filed a new application with the U.S. Securities and Exchange Commission for a Bitcoin spot ETF.

Read more

New ETP in Switzerland offers "crypto-winter" tailored bitcoin exposure
21Shares launched a new exchange-traded product (ETP) tailored to the downturn in the Digital Assets market. Called 21Shares Bitcoin Core ETP, the product seeks to offer low-cost exposure to bitcoin, with a total expense ratio of 21 basis points or 0.21%.

Read more

Legal Framework for Digital Assets in Europe Will Not Ban Bitcoin Mining
After months of arduous debate, the European Parliament expressed to have reached a "provisional political" agreement regarding the so-called MiCA Law or Regulation on Cryptoasset Markets. The regulation, which for months threatened to ban Bitcoin mining in Europe, will instead focus on regulating issuers and service providers such as exchanges.

Read more

Europe to impose stricter rules against money laundering with Digital Assets
Legislators and government representatives from Europe agreed on new measures against money laundering with Digital Assets in Europe. Under the new proposal, any transaction made by a user between one regulated custodian and another will require identity verification, regardless of the amount transferred.

Read more

BIS proposes that Banks may hold up to 1% of reserves in Digital Assets
The Basel Committee on Banking Supervision of the Bank of International Settlement (BIS) shared a consultative document proposing to limit banks' exposure to Digital Assets to 1%.

Read more

Société Générale to strengthen its Digital Assets custody infrastructure
Forge, the digital asset subsidiary of French bank, Société Générale, has signed a partnership with Swiss infrastructure provider Metaco to optimize its custody services for securities tokens, following in the footsteps of Citigroup, BBVA, among others.

Read more

Russian Parliament approves bill that would exempt issuers of Digital Assets from VAT
The Russian State Duma, the lower house of the Russian parliament, approved a bill that would exempt platforms that issue, control or keep records of movements of digital assets from paying value-added tax. This, among other amendments to the legal framework for Digital Assets, must be approved by the upper house and President Vladimir Putin to enter into force.

Read more

Community Bank to hold the backing for Circle's USDC issuance
New York Community Bank becomes the first institution of its kind to safeguard the assets backing the issuance of a stablecoin. In this case, it will custody part of the reserves to issue Circle's USDC, they revealed Tuesday, June 28, and will work on a low-cost product for unbanked communities.

Read more

BVI court orders liquidation of Three Arrows Capital
Digital Asset derivatives firm Deribit, in conjunction with Blockchain.com, initiated a liquidation complaint against Singapore-based hedge fund Three Arrows Capital (3AC) in a British Virgin Islands court, which issued a liquidation order last Monday, June 27.

Read more

Meta begins Ethereum and Polygon NFT testing for Facebook profiles
Executives at social media giant Meta offered a glimpse of what the implementation of NFT on Facebook profiles will look like. In an initial phase, it will have support for Ethereum and Polygon NFTs, but they say they will later make room for non-fungible tokens from other networks such as Solana and Flow.

Read more

Publicly traded investment firm sells off all its bitcoins and ethers
Cypherpunk Holdings, one of the existing publicly traded companies in the Digital Assets industry, switched their entire bitcoin and ether treasury to cash, on account of market instability. In total, they sold 205.8209 ether (ETH), for US$ 227K and 214.7203 bitcoin (BTC) for US$ 4.7M.

Read more
Solidus Capital is the leading firm in Digital Assets, which provides exclusive, agnostic, and institutional services such as Liquidity, Custody Solutions, Wealth (Private Accounts and Portfolio Management), Multi-Strategy Funds, Private Placements, and other sophisticated products in conjunction with bespoke accompaniment to High Net Worth Individuals, Family Offices, Companies, Wealth Managers and Banks.
 
By relying on Solidus' services, investors avoid the classic fatal mistakes:

- Lacking information in the context and moments of the market  

- Executing operations inefficiently  

- Using unreliable service providers and infrastructure  

- Closing of accounts and freezing of funds

LinkedIn
Email
Website
Subscribe to our Newsletter

Disclaimer

 

You have received this message because your email address is on our list of subscribers and/or because you are a client of the firm. If you have received this message in error or if you do not want to receive more opportunities and/or emails like this, please click on the following link: unsubscribe. Copying, forwarding, or disclosing the content of this message to third parties without the consent of Solidus is prohibited. This communication has been prepared for informational purposes only. This does not constitute an offer or recommendation to buy or sell any particular security, asset or instrument or to adopt any investment strategy. This is not advice, solicitation, or opinion regarding any transaction. This bulletin does not represent value judgments with respect to any financial instrument, issuer, security or sector that may be described or referenced in this document and does not represent the views of Solidus Capital and/or its affiliates (collectively Solidus Group). Recipients of this newsletter should not construe its content, or any prior or subsequent communication from or with Solidus Group or its representatives as investment, legal or tax advice. Although this material has been prepared using public and private sources believed to be reliable, Solidus Group makes no warranties or representations regarding the accuracy or completeness of the information set forth herein. Investing in digital assets is a high risk investment. Digital assets are subject to limited liquidity and price volatility. The digital asset industry (cryptocurrencies and digital tokens) is not as regulated as many other mature financial industries, making it an unprotected space with no deposit protection insurance coverage. The future performance of digital assets is unpredictable and their past performance is not a guide to accurate forecasting, nor is it a reliable indicator of future results. The content of this document, the trademarks “Solidus Advisors”, “Solidus OTC”, “Solidus Capital” and their legal subsidiaries are the property of Solidus Holding Company, Solidus Group Ltd. By accepting this communication in its entirety, the recipient acknowledges their understanding and acceptance of the terms established herein.







This email was sent to <<Correo Eléctronico>>
why did I get this?    unsubscribe from this list    update subscription preferences
Solidus Capital · Mexico City · Mexico City, CDMX 11530 · Mexico