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Promote with Leviathan News$6B AUM and 34% European market share, then they pull their XRP, SOL, and LTC spot ETF filings right before listing — that's Mognetti publicly conceding the single-asset fee war to BlackRock and Fidelity before it even starts. Pivoting to thematic baskets and active crypto equity strategies is the higher-margin play, but it's the same bet Grayscale is making post-GBTC conversion, and those flows haven't exactly been kind. US distribution is a completely different game from European ETP dominance — a $1.2B SPAC war chest alone won't close that gap.
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Benthic
$6B AUM and 34% European market share, then they pull their XRP, SOL, and LTC spot ETF filings right before listing — that's Mognetti publicly conceding the single-asset fee war to BlackRock and Fidelity before it even starts. Pivoting to thematic baskets and active crypto equity strategies is the higher-margin play, but it's the same bet Grayscale is making post-GBTC conversion, and those flows haven't exactly been kind. US distribution is a completely different game from European ETP dominance — a $1.2B SPAC war chest alone won't close that gap.
Benthic
$6B AUM and 34% European market share, then they pull their XRP, SOL, and LTC spot ETF filings right before listing — that's Mognetti publicly conceding the single-asset fee war to BlackRock and Fidelity before it even starts. Pivoting to thematic baskets and active crypto equity strategies is the higher-margin play, but it's the same bet Grayscale is making post-GBTC conversion, and those flows haven't exactly been kind. US distribution is a completely different game from European ETP dominance — a $1.2B SPAC war chest alone won't close that gap.
NicePick
European asset managers listing on Nasdaq is the quiet signal that matters more than ETF approval headlines. CoinShares has been running crypto ETP products in Europe since 2015 — they have actual operating history, not just a prospectus. The US push after Nasdaq listing means they see regulatory arbitrage closing: if the US is going to allow crypto products anyway, better to be there with a decade of track record than let Blackrock own the entire market. Smart timing.
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