Fineqia International Inc Stock Price, News & Analysis

Fineqia International Inc. reported a significant 67% increase in Assets Under Management (AUM) for digital currency Exchange Traded Products (ETPs) in Q1 2023, reaching $33.3 billion, up from $20 billion. This growth coincided with a 50% rise in the overall cryptocurrency market value, which surged to $1.19 trillion from $800 billion. Major contributors to this increase were Bitcoin and Ethereum, with prices rising 71% and 52%, respectively. The company noted strong investor interest and net inflows into digital asset ETPs, with a 17% month-over-month increase in AUM in March. Notably, ETPs holding Bitcoin and Ethereum accounted for 93% of total digital asset AUM. Fineqia's analysis tracked 160 ETPs during the quarter, reflecting positive momentum in the cryptocurrency market.

Fineqia International Inc. (CSE: FNQ; OTC: FNQQF) announced that its subsidiary, Fineqia AG, received approval from the Liechtenstein Financial Market Authority (FMA) for its base prospectus. This approval enables the offering of Exchange Traded Notes (ETNs) collateralized by digital assets, contributing to innovation in the digital asset industry. The base prospectus, approved on March 23, 2023, complies with the EU's Prospectus Regulation and allows offerings in multiple EU member states. Underlying digital assets include Bitcoin, Ethereum, and various fungible and non-fungible tokens (NFTs). This move enhances Fineqia's investment product offerings.

Fineqia International Inc. (FNQQF) has announced its partnership with Paris Blockchain Week, which commenced on March 20, 2023. This collaboration aims to enhance the acceptance and expansion of blockchain technology. Fineqia will participate actively in the four-day event, featuring discussions on the latest trends and challenges in blockchain and Web 3.0. CEO Bundeep Singh Rangar emphasized the transformative potential of blockchain in revolutionizing traditional finance. This partnership aligns with Fineqia's mission to unlock digital assets' potential and expand its global network within the blockchain technology sector.

Fineqia International's analysis of global cryptocurrency Exchange Traded Products (ETPs) reveals a 1% increase in Assets Under Management (AUM), reaching $28 billion in February. The overall cryptocurrency market cap also grew, closing at $1.07 trillion. Despite a year-on-year decrease of 37% compared to March 2022, ETPs holding Bitcoin and Ethereum saw AUM growth of 1% and 2.5%, respectively. The number of ETPs listed declined from 164 to 155. The price of Bitcoin rose to $23,500, while Ethereum increased to nearly $1,650. Fineqia's CEO noted a stabilization in ETPs following a tumultuous previous year.

On March 8, 2023, Fineqia International Inc. (CSE: FNQ) appointed James Bowater to its advisory board. Bowater, founder and editor at large of Crypto AM, brings extensive expertise in the digital asset sector. His role aims to guide Fineqia's strategic direction in blockchain and digital asset developments. The CEO, Bundeep Singh Rangar, emphasized the importance of Bowater's knowledge and network for future opportunities. Bowater was recognized as Blockchain Advisor of the Year 2022 at the AIBC awards in Malta. This addition to the advisory board positions Fineqia for potential growth in the evolving digital landscape.

Fineqia International Inc. (CSE: FNQ, OTC: FNQQF) has appointed James Bowater to its advisory board, enhancing its expertise in the digital asset and blockchain sectors. Bowater, founder of Crypto AM and Jade Vault, will guide Fineqia's strategic direction in early-stage digital developments.

CEO Bundeep Singh Rangar expressed enthusiasm about Bowater's extensive network and knowledge, highlighting its potential impact on identifying high-quality opportunities. Bowater was recognized as Blockchain Advisor of the Year 2022 at the AIBC awards in Malta, indicating his significant influence in the industry.

Fineqia International Inc. (CSE: FNQ; OTC: FNQQF) announced its sponsorship of the digital collectible auction 'From Ukraine with Love' on February 27, 2023, at 18:30 GMT. The event aims to support CARE International's Ukraine appeal, providing humanitarian aid to affected individuals. Hosted at The NFT Gallery in London, the auction features works by Ukrainian artist Oleg Mischenko and British politician Matt Hancock. Bidding opens on Coinbase Marketplace at 19:30 GMT and concludes at 21:30 GMT. This initiative follows Fineqia's previous support for similar charitable auctions, emphasizing its commitment to humanitarian causes.

Fineqia International Inc. (CSE: FNQ; OTC: FNQQF) reported a 50% increase in the number of Exchange Traded Products (ETPs) linked to cryptocurrencies, rising from 109 in January 2022 to 162 by December 2022. Despite this growth, the Assets Under Management (AUM) plummeted by 66%, from $58.5 billion to $20 billion, paralleling a 64% decline in cryptocurrency market values. December 2022 alone saw a 5% drop in ETP AUM. The report suggests sustained investor interest in ETPs amid bearish market conditions, although significant price falls in Bitcoin and Ethereum (65% and 68%, respectively) reflect a challenging environment.