Three European cryptocurrency companies, LMAX Digital, Zodia Custody, and CoinShares, have joined forces to enhance their digital asset trading services for institutional investors. CoinShares will utilize LMAX's trading capabilities and Zodia's Interchange product, which enables clients to keep their assets on its platform while being mirrored and available on an exchange for trading.

According to CoinShares' latest crypto fund flows report, crypto-backed investment funds experienced net outflows for the fourth consecutive week, with a total outflow of $200 million over the four-week period. Last week alone, outflows from crypto funds reached $53.8 million, driven mainly by Bitcoin funds which saw $37.5 million in outflows.

Digital asset investment products linked to Ethereum saw inflows of around $17 million in the week ending April 21, up from $300,000 in the previous week, according to a report from CoinShares. The inflows suggest investor confidence following the blockchain's upgrade on April 12. However, total investments in digital asset products saw outflows of around $30 million last week, ending a six-week run of inflows. The report suggests the sell-off was due to profit-taking, particularly in the absence of any macro-economic triggers. (forkast)

According to a CoinShares report, digital asset management product inflows hit $114 million last week, with Bitcoin continuing its bullish streak. However, short Bitcoin also witnessed significant inflows of $14.6 million last week. Altcoins showed little activity despite the successful launch of Ethereum’s Shapella upgrade, with Ether inflows constricted to just $0.3 million last week. Inflows for blockchain equities have soared to levels not seen since the collapse of Sam Bankman-Fried-led FTX, with inflows of $5.8 million last week, bringing total assets under management close to $2 billion. The US dominated the chart with $58 million in the past week, followed by Germany with $35.4 million, Canada with $17.2 million, and Switzerland with $6.6 million. ProShares had the most significant inflow of $57.3 million. (cryptopotato)

Komainu, the cryptocurrency custody joint venture between Nomura, Ledger, and CoinShares, is offering institutional clients a regulated and segregated collateral management product called Komainu Connect. The offering allows clients to deploy their digital assets in collateralization scenarios while remaining in segregated custody and verifiable on chain. Komainu's head of strategy, Sebastian Widmann, said that the focus of Komainu from day one was to stay in the custodial space and not take counterparty risk offering trading or lending services. The collateral management service allows clients to have specific wallets within Komainu with visibility to third-party liquidity providers and exchanges for trading on venue, with Komainu handling the settlement. Komainu has also scaled up its staking service to coincide with the much-anticipated Ethereum Shanghai hard fork on April 12.

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Coinshares reported a fourth consecutive week of digital asset investment product outflows. 

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European digital asset manager CoinShares (CS.ST) recorded total comprehensive income of GBP 3 million ($3.63 million) in 2022, down 97% compared to 2021, as the firm felt the pinch of FTX's collapse and its ramifications across the crypto industry.

In its fourth-quarter report for 2022, institutional crypto fund manager CoinShares highlighted that the firm managed to remain “financially robust” despite dealing with the FTX collapse at the end of the year. The fund also presented its wins, such as its graduation to Nasdaq Stockholm’s main market and strong levels of inflow into CoinShares physical ETPs.