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Japanese financial group Monex is set to acquire a major ity stake in Canadian digital asset manager 3iQ. The acquisition 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. We have some relevant M&A news north of the border. Canadian crypto ETF provider — @3iq_corp selling a major ity stake to Monex Group https://t.co/FnkWKw1rKx — James Seyffart (@JSeyff) December 28, 2023 You might also like: Cathie Wood hints at spot Bitcoin ETF approval date 3iQ gained prominence for its Bitcoin ETF listed in Canada, being among the first to introduce such a fund in 2020. 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. In 2022...

Explore the dynamics behind Bitcoin’s bullish run and the growing anticipation around a U.S.-based Bitcoin ETF. A deep dive into market trends and predictions. Over the past few days, Bitcoin (BTC) has demonstrated significant resilience and growth, marking a noteworthy trend in the cryptocurrency market. Amid a surge in trading volume, BTC price reached its fresh 52-week high of $37,926 on Nov.9. However, amid the volatility, the price retraced and trading at $37,100 as of Nov. 10. BTC price chart | Source: CoinMarketCap This recent rise is partly attributed to a “short squeeze” – a market phenomenon where the price of an asset jumps higher than expected, forcing short sellers to cover their positions, further driving the price upward.  The ripple effects of Bitcoin’s surge were also felt in the U.S. stock market, particularly among crypto-centric companies. Shares of prominent firms such as Coinbase and MicroStrategy showed notable increases, w...