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China’s local authorities liquidate seized crypto to support public finances amid economic slowdown

Key Takeaways Chinese local governments are selling seized crypto assets to support public finances amid an economic slowdown. An estimated 15,000 Bitcoin worth $1.4 billion were held by Chinese local governments by the end of last year. Share this article China’s authorities are tapping private firms to sell crypto assets seized from illegal activities to … Read more

21Shares will liquidate two of its Bitcoin and Ethereum futures contracts ETFs

21Shares just announced it will be liquidating two of its exchange-traded funds after a routine review. 21Shares has announced plans to liquidate two of its exchange-traded funds that invest Bitcoin (BTC) and Ethereum (ETH) futures. Specifically, it will liquidate the ARK 21Shares Active Bitcoin Ethereum Strategy ETF and the ARK 21Shares Active On-Chain Bitcoin Strategy … Read more

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