Bitget Launches $100M Fund to Invest in Crypto Ecosystem Expansion

Bitget announces new $100M fund to expand crypto ecosystem and services
Fund aims to invest in regional exchanges, analytics firms, media and other entities
Follows previous $100M Web3 fund launched in April focused on Asian crypto projects
Part of Bitget's strategy to diversify services and reach global user base
Bitget acquiring stakes in companies like BitKeep wallet to expand offerings

cointelegraph.com

Relevant topic timeline:

8/21/2023

Empowered Funds Files for Bitcoin Futures ETF

Asset management firm Empowered Funds has filed to list three Bitcoin Futures Exchange Traded Fund (ETF) products, with the primary advisor being Empowered Funds and sub-advisors being 21Shares and Ark Invest, aiming to attract institutional investors into the crypto market with regulatory oversight.

8/25/2023

Exploring BlackRock's Bold Bitcoin Venture

BlackRock, the world's largest asset manager, has filed a proposal to establish a Bitcoin exchange-traded fund (ETF), which could increase mainstream acceptance of Bitcoin investing and open up new investment opportunities if approved by the U.S. Securities and Exchange Commission (SEC).

8/28/2023

Here Is the Full List of Spot Bitcoin ETF Applications and Deadlines

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9/8/2023

SEC Rejects Bitcoin ETFs Again, Sparking Debate on Risks vs. Benefits of Mainstream Adoption

The pursuit of a Bitcoin exchange-traded fund (ETF) may contradict the purpose and ideals of the crypto industry, as it undermines financial sovereignty and poses unnecessary counterparty risks, while potentially impeding mainstream adoption and the ownership of actual Bitcoin.

10/9/2023

Crypto Funds See Biggest Inflows Since July as Bitcoin Funds Lead

Inflows to digital asset investment funds reached $78 million, with Bitcoin investment funds receiving the highest proportion at $43 million, while Bitcoin trading volumes increased by 16% in the past week. Additionally, the launch of the Ethereum futures ETF in the US saw under $10 million in investments during the first week, indicating muted investor interest. Deribit, a crypto options exchange, plans to offer options tied to alternative cryptocurrencies XRP, SOL, and MATIC, and FTX founder Sam Bankman-Fried's defense against US Department of Justice charges may be prohibited from mentioning Anthropic's recent fundraising efforts.

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Posted 9/12/2023, 1:58:43 AM