U.S.-listed bitcoin ETFs hold over $100 billion in bitcoin, but investors face significant risks if sponsors or custodians fail. While sponsor failure would likely lead to an orderly wind-down and cash distribution to shareholders, custodian failure—especially of Coinbase, which holds most ETF bitcoin—could result in prolonged litigation and potential loss of assets. Custody risk remains unresolved despite regulatory improvements, and investors cannot redeem ETF shares directly for bitcoin. Diversifying across funds with different custodians may reduce risk, but a custodian collapse could severely impact the broader crypto market.
Aduro Clean Technologies and ECOCE have successfully completed Phase 1 of mapping flexible and multilayer plastic waste streams in Mexico, estimated at 1.5 million tons annually. The project now moves into testing these materials using Aduro's Hydroc...
Aduro Clean Technologies and ECOCE have completed phase 1 of mapping flexible plastic waste streams in Mexico, estimated at 1.5 million tonnes annually. They are now moving selected post-consumer flexible packaging materials into Hydrochemolytic™ (HC...
Ethereum (ETH), currently trading near $1,880, may break its previous high of nearly $5,000 due to growing institutional adoption, according to Fundstrat co-founder Tom Lee. He highlights that unlike past growth driven by ICOs and NFTs, this new phas...
Argentine fintech Uala completed a $197 million funding round led by Allianz X, with Tether participating as an investor. This significant capital injection supports Uala's digital financial services growth across Latin America. Tether's $20 million ...
The FDA has granted traditional approval to Fabhalta (iptacopan), a first-in-class complement inhibitor, for slowing kidney function decline in adults with primary immunoglobulin A nephropathy (IgAN). Fabhalta showed a 48% slower decline in kidney fu...
