Institutional Crypto

Haruko, a London-based crypto technology provider for institutional clients, was hit by a targeted cyberattack that affected 15 customers and exposed read-only exchange API details and trading data. Some smaller hedge-fund clients with weaker security controls may have lost a small amount of funds, while Haruko said it has fixed the vulnerability and refreshed server-side secrets.

BitGo is buying NYDIG IF Holdings in a transaction valued at $42.5 million in cash and stock, with another $15 million in cash tied to revenue milestones. The acquisition adds institutional trading capabilities, including derivatives, structured products, financing and capital markets services, to BitGo’s custody and wallet business.

Keyrock has acquired the trading and brokerage assets of BlockFills' institutional digital asset business, strengthening its presence in crypto capital markets. The transaction adds derivatives expertise, client relationships, technology and regulatory reach as institutional demand for advanced crypto trading products continues to build.

U.S. spot bitcoin ETFs have attracted roughly $4.06 billion in net outflows so far in June, setting up the worst month since launch. Last week alone, investors pulled about $1.79 billion from the funds.

Abdulla Kanoo, heir to Bahrain’s Kanoo business dynasty, is backing blockchain payment infrastructure aimed at speeding up cross-border trade. His firm, ARP Digital, has already processed more than $3.5 billion in volume for over 450 institutions.

BlackRock launches the iShares Staked Ethereum Trust ETF (ETHB), offering spot ETH exposure with staking rewards as institutional demand for yield in crypto funds rises.

Learn what Bitcoin ETFs are, how they work, their advantages and disadvantages, and how investors gain Bitcoin exposure through regulated exchanges.

Luxembourg’s sovereign wealth fund (FSIL) becomes the first Eurozone nation fund to allocate 1% of its portfolio to Bitcoin ETFs. Under revised rules, up to 15% may now go to alternatives including crypto.

Fidelity rolls out its Digital Interest Token on Ethereum, surpassing $200M. Ondo Finance emerges as the primary holder, fueling the $7.5B tokenized U.S. Treasuries boom.