CoinShares acquires Valkyrie’s ETF business
CoinShares, a European digital asset investment firm, has completed the acquisition of Valkyrie Funds, including the sponsor rights to the firm’s spot Bitcoin exchange-traded funds (ETFs).
As part of the deal, CoinShares has also acquired the firm’s investment advisory business, Valkyrie Investments, and the sponsor rights for its physically-backed Bitcoin
US Yields Soar as Traders See Fed Delaying First Cut to December
Treasuries slumped and traders trimmed their outlook for the pace of Fed interest-rate cuts, deterred by a US GDP report.
PE firm GTCR to Buy Wealth Management Platform AssetMark for $2.7 Billion
GTCR has agreed to pay $2.7B to buy AssetMark Financial, taking the wealth management platform private more than five years after its public offering.
LPL Financial is Introducing New Clauses in It's Service Agreements
LPL Financial is introducing new clauses in its service agreements with some of the larger (RIA) practices that leverage its services.
Bill Gross Says Stick to Value Stocks, Avoid Tech as US Yields Soar
Bill Gross offered some advice to investors as Treasuries and equities slumped Thursday after some worrisome US economic data: “Stick to value stocks.