Bitcoin ETF

Yeti Finance

James

<a href="https://bitcoinworld.co.in/monex-to-acquire-a-major-stake-in-3iq-for-crypto-asset-integration/" title="Monex To Acquire A Major Stake In 3iQ For Crypto-Asset Integration" rel="noopener noreferrer nofollow"></a>
Japanese financial group Monex is set to acquire a majority stake in Canadian digital asset manager 3iQ.
The <a href="https://twitter.com/JSeyff/status/1740440403323899982?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1740440403323899982%7Ctwgr%5E2042824c88daeec3db0a662098b14f5a5f582861%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcrypto.news%2Fmonex-acquires-3iq-majority-for-crypto-asset-integration%2F" rel="noopener noreferrer nofollow">acquisition</a> continues a trend of major crypto exchanges venturing into asset management. Monex, which owns TradeStation in the U.S. and acquired Coincheck in 2018, has not disclosed the deal’s financial details.
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 We have some relevant M&amp;A news north of the border. Canadian crypto ETF provider — <a href="https://twitter.com/3iq_corp?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@3iq_corp</a> selling a majority stake to Monex Group <a href="https://t.co/FnkWKw1rKx" rel="noopener noreferrer nofollow">https://t.co/FnkWKw1rKx</a>
 — James Seyffart (@JSeyff) <a href="https://twitter.com/JSeyff/status/1740440403323899982?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 28, 2023</a>
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3iQ gained prominence for its Bitcoin ETF listed in Canada, being among the first to introduce such a fund in 2020.&nbsp;
Despite reaching $755 million in assets shortly after launch, it has since settled at around $100 million. 3iQ broke new ground by integrating staking capabilities within an Ethereum ETF, showcasing innovation in digital asset management.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/yeti-finance-announces-plan-to-shut-down-operations/" aria-label="“Yeti Finance Announces Plan To Shut Down Operations” (Edit)" rel="noopener noreferrer nofollow">Yeti Finance Announces Plan To Shut Down Operations</a>
In 2022, 3iQ demonstrated its forward-thinking approach by considering assistance to U.S. spot Bitcoin ETF hopefuls, aligning with the dynamic market trend.&nbsp;
The Ontario Securities Commission’s approval of Bitcoin ETFs, contingent on daily liquidity workflow and robust custody services, further solidified the company’s standing.
3iQ CEO Frederick Pye expressed confidence in bolstering Coincheck’s offerings, particularly for institutional investors, leveraging 3iQ’s expertise in crafting exceptional crypto asset products.
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The post <a href="https://bitcoinworld.co.in/monex-to-acquire-a-major-stake-in-3iq-for-crypto-asset-integration/" rel="noopener noreferrer nofollow">Monex To Acquire A Major Stake In 3iQ For Crypto-Asset Integration</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Monex To Acquire A Major Stake In 3iQ For Crypto-Asset Integration

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