In a $112 million deal, Coincheck Group is set to acquire 97% of crypto asset manager 3iQ. This move comes as Bitcoin maintains its position near the mid-$40,000 range, attracting institutional interest in the crypto space. Coincheck, a major Japanese crypto exchange, will now have access to 3iQ’s expertise in building regulated investment products for institutions, such as ETFs and managed funds. This acquisition reflects the trend of institutional players seeking to establish regulated avenues for crypto investments. The deal is expected to enhance Coincheck’s global presence and provide 3iQ with a strong financial backing.

Read more at Yahoo Finance: Coincheck’s $112M 3iQ Deal Signals Wall Street-Style Crypto Push