Bitwise’s Spot Bitcoin ETF Attracts $240 Million on Debut
In a landmark development for the cryptocurrency industry, Bitwise, the crypto asset manager, reported a significant influx of $240 million into its spot bitcoin exchange-traded fund (ETF) on the first day of trading. This marked the highest inflow among the 10 spot bitcoin ETFs that commenced trading on Thursday, following the U.S. Securities and Exchange […]
SoftBank’s Turnaround Efforts Led by Alex Clavel, Co-CEO of SoftBank Investment Advisers
When Alex Clavel left Morgan Stanley to join SoftBank in Tokyo in 2015, he stood in stark contrast to the flamboyant dealmakers surrounding SoftBank’s CEO, Masayoshi Son. Over the years, amidst executive departures and failed investments, including a $16 billion bet on WeWork, Clavel has emerged as a pivotal figure in SoftBank’s attempts at a […]
U.S. Startup Funding Sees a 30% Drop to $170.6 Billion in 2023 Amidst Valuation Resets and Shifting Investor Preferences
In 2023, U.S. startups experienced a notable dip in funding, with investors injecting $170.6 billion into these ventures, marking a nearly 30% decrease from the robust $242.2 billion recorded in the preceding year, according to data released by PitchBook on Thursday. This decline is indicative of the ongoing challenges faced by the venture capital funding […]