Nexo Raid, Samsung Bitcoin ETF, WisdomTree Net Inflows: Busy Day in Crypto and Investment
• Crypto lender Nexo’s Bulgarian offices were raided by local police, with authorities investigating money laundering, tax offenses, and other violations.
• Samsung Asset Management Hong Kong is set to list the ‘Samsung Bitcoin Futures Active ETF’ on the Hong Kong stock market on January 13.
• WisdomTree reported 2022 net inflows of over $12 billion, nearly 16% firm-wide organic growth, with net inflows in 7 of its 8 major asset classes.
Crypto lender Nexo’s Bulgarian offices recently underwent a raid by local police, with authorities investigating suspected money laundering, tax offenses, computer fraud, and other violations. Over 300 people are involved in the operation in Sofia, according to a statement by the Bulgarian Prosecutor’s Office. Despite this, Nexo expressed its hope that the investigation will result in some “exciting news in the weeks to come”.
In other news, Samsung Asset Management Hong Kong (SAMHK), a subsidiary of Samsung’s investment arm Samsung Asset Management, is set to list the ‘Samsung Bitcoin Futures Active ETF’ on the Hong Kong stock market on January 13. The ETF (exchange-traded fund) is being released with the goal of tracking spot bitcoin (BTC) performance by investing in bitcoin futures products listed on the Chicago Mercantile Exchange (CME). The ETF will primarily invest in CME Bitcoin Futures, alongside minor investments in CME Micro-Bitcoin Futures.
Finally, major investment company WisdomTree released monthly metrics for December 2022, revealing impressive figures. The company reported 2022 net inflows of over $12 billion, almost 16% firm-wide organic growth, with net inflows in 7 of its 8 major asset classes. This is a strong indication of investor confidence in the company and its ability to deliver results.
Overall, it was an eventful day in the crypto and investment world. With Nexo’s Bulgarian offices being raided by police, Samsung’s new Bitcoin futures ETF being listed on the Hong Kong stock market, and WisdomTree’s impressive monthly metrics for December 2022, there is no shortage of news and developments in the space. It remains to be seen what the future holds for these companies, and the wider crypto and investment space as a whole.