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Concerns regarding a possible US government shutdown catalyzed purchases of cryptocurrency investment products between Sept. 23 and 29.  According to CoinShares, the inflow to digital asset investment products reached $21 million last week. Experts indicated that the main activity occurred at the end of the week before the end of the financial year. At that time, there was still no certainty regarding the distribution of budget funds to continue the work of the departments. “The recent regional divergence persists, with the US seeing outflows totaling US$19m last week, while Europe and Canada saw inflows of US$23m and US$17m, respectively.” CoinShares report Bitcoin (BTC) funds recorded an inflow of $20.4 million after an outflow of $6 million in the previous reporting period. From structures that allow opening shorts on the first cryptocurrency, investors withdrew $1.5 million (a week earlier, $2.8 million). Source: CoinShares Altcoin-based products showed m...

The football club has been keen on creating nonfungible token collections for much of the past year. Spanish football club FC Barcelona has secured a €120 million ($132 million) investment from Libero Football Finance AG and Nipa Capital B.V. for its Web3 initiative Barça Vision. According to the Aug. 11 announcement, FC Barcelona sold a 29.5% stake in Bridgeburg Invest, the holding company for Barça Vision, in exchange for the capital. "Barça Vision is the Club's initiative to integrate all digital content around Web3 and blockchain including nonfungible tokens (NFTs) and metaverse, which are part of the Club's strategy to build the digital Espai Barça," developers wrote. Libero is a publicly listed company in Germany consulting football clubs on financial matters. Nipa Capital is a venture capital firm domiciled in the Netherlands. The transaction is subject to the approval of FC Barcelona shareholders and is expected to close in Q4 2023. Since February 2020, F...

Spain’s leading private bank A&G has launch ed a crypto investment fund, indicating a rise in adoption in the European nation. According to a report by Europress, the bank has already registered the fund’s brochure with the regulatory National Securities Market Commission (CNMV). A&G is set to offer this investment product to interested clients. The decision came as A&G observed a surge in interest from investors seeking cryptocurrency exposure.  The bank believes that investing in crypto assets can be safer and more efficient with proper risk management and regulation. You might also like: Spain ends notorious crypto scam with over $110m lost to hackers A&G further emphasized its forged partnerships with respected financial institutions to guarantee the fund’s security and compliance. CACEIS Bank, the joint asset servicing arm of Crédit Agricole and Santander, will act as the fund’s depositary, while the well-known auditing firm...

All segments of RLB NÖ-Wien clients will be able to invest in a broad number of cryptocurrencies with a budget of as little as one euro. Raiffeisenlandesbank Niederösterreich-Wien (RLB NÖ-Wien), an Austrian cooperative banking company founded in 1900, is preparing to launch crypto investment services in collaboration with the Austrian crypto firm Bitpanda. According to a joint announcement on April 26, RLB NÖ-Wien plans to provide its customers with a broad range of cryptocurrencies through Bitpanda’s Software as a service (SaaS) offering. Crypto investment will be featured alongside investment services for stocks, exchange-traded funds, precious metals and commodities. “The deal with Bitpanda aims to expand our product range with an innovative, secure facet and enable all customers to easily accumulate wealth,” RLB NÖ-Wien CEO Michael Höllerer said. A part of the major Austrian banking group, Raiffeisen Bank International, is moving into cryptocurrency investment with a new planned o...