The round, led by alternative investment firm Marshall Wace, comes as the crypto market faces what some observers are calling a crypto winter. The total cryptocurrency market cap has slumped to less than $1 trillion from about $3 trillion in November and bitcoin (BTC), the largest cryptocurrency, has dropped 59% this year. Firms grappling with lower cryptocurrency prices have been forced to cut costs, with casualties including investment fund Three Arrows Capital and lender Celsius Network.
Source: https://www.coindesk.com/business/2022/09/06/crypto-investment-product-firm-21shares-parent-raises-25m-pushing-valuation-to-2b/?utm_medium=referral&utm_source=rss&utm_campaign=headlines