Evolve Funds, the firm that won approval from Canadian regulators for its bitcoin exchange-traded fund (ETF) last month, has filed to list a product based on ether (ETH).

PayPal is reportedly in talks to acquire cryptocurrency custody firm Curv, which could be sold for between $200 million and $300 million, according to different sources.

Leading cryptocurrency exchange Binance has announced a strategic investment in cryptocurrency hedge fund Multicoin Capital, becoming a partner of the fund.

Top stories in the Crypto Roundup today:

• Evolve Funds Files for Ether ETF with Canadian Regulators
• PayPal in Talks to Acquire Crypto Custody Firm Curv
• Binance Invests in Cryptocurrency Hedge Fund Multicoin Capital
• Daily Movers – CHZ, XEM, and ENJ

Evolve Funds Files for Ether ETF with Canadian Regulators

Evolve Funds, the firm that won approval from Canadian regulators for its bitcoin exchange-traded fund (ETF) last month, has filed to list a product based on the second-largest cryptocurrency by market capitalization ether (ETH).

The proposed ETF is similar to its bitcoin product, with the Cidel Trust Company and Gemini serving as custodian and subcustodian respectively. If approved, the ether ETF would trade on the Toronto Stock Exchange (TSX), where a growing number of cryptocurrency products are being listed.

Raj Lala, president and CEO of Evolve, said in a press statement:

"As a leader in disruptive innovation, we look forward to providing Canadian investors with access to another leading cryptocurrency through an ETF structure."

The firm’s bitcoin ETF was approved on February 16, becoming the second bitcoin ETF to go live in Canada. The filing comes as other firms put forward similar filings to list ether ETFs of their own.

PayPal in Talks to Acquire Crypto Custody Firm Curv

PayPal is reportedly in talks to acquire cryptocurrency custody firm Curv, which could be sold for between $200 million and $300 million, according to different sources.

PayPal is said to have turned its attention to Curv after talks to buy crypto custody and trading firm BitGo fell through. The payments giant offered $750 million in cash for BitGo, but the offer seemingly wasn’t enough.

Curv has raised $30 million to date, including a $23 million funding round last year. PayPal has been offering users the option to buy, sell, and hold crypto on its platform since October, after partnering with New York-regulated Paxos to offer the service.

Binance Invests in Cryptocurrency Hedge Fund Multicoin Capital

Leading cryptocurrency exchange Binance has announced a strategic investment in cryptocurrency hedge fund Multicoin Capital, becoming a partner of the fund.

In a blog post, Binance wrote:

"This is the first investment we have made of this nature. As a result, we will continue working closely with Multicoin Capital to explore new opportunities for blockchain, including development and market expansion.”

Binance CEO Changpeng Zhao was quoted saying the fund has a “strong track record and a unique knowledge of emerging assets that extend well beyond Bitcoin.” Other investors in Multicoin Capital include Ribbit Capital and Union Square Ventures.

Daily Movers – CHZ, XEM, and ENJ

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with rather liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Chiliz (CHZ) - Chiliz is a digital currency sports tokenization. It powers a scalable fan engagement and rewards app, where fans can trade branded Fan Tokens for various sports teams and vote in club-focused surveys and polls.

NEM (XEM) - NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm.

Enjin (ENJ) – Enjin is a software that allows developers to create and manage virtual goods on the Ethereum blockchain. It gives creators, developers, and communities the required crypto-backed value and tools for implementing and managing virtual goods.

State of the Crypto by Top Tier Exchange Volume

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