FINEQIA INTL INC ORD - FNQQF STOCK NEWS

Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) reports that global Exchange Traded Products (ETPs) with digital assets as underlying collateral saw a 75% increase in Assets Under Management (AUM) year-to-date, reaching $87 billion. This growth outpaced the underlying digital assets market cap rise of 29% by more than 2.5 times.

In July, despite a 6% drop in the total digital assets market cap, ETPs' AUM decreased by only 0.9%. Bitcoin (BTC) ETPs grew by 2%, while Ethereum (ETH) ETPs declined by 14.8%. The launch of ETH Spot ETFs on July 23rd saw initial outflows, similar to the pattern observed with BTC Spot ETFs launch.

The total number of ETPs increased by 48 to 210 since January, with 16 new ETPs added in July alone, largely due to ETH Spot ETFs launch.

Fineqia International Inc. (CSE: FNQ) (OTC: FNQQF) has announced a proposed non-brokered private placement to raise up to $1.5 million. The company plans to offer up to 150 million units at $0.01 per unit, with each unit consisting of one common share and one warrant. The warrants will be exercisable for three years at $0.05 per share, with an acceleration clause if the stock trades at or above $0.10 for 20 consecutive trading days.

Proceeds from the offering will be used for working capital purposes. The company may pay finder's fees and some units may be issued to directors and officers, constituting a related party transaction. Fineqia will rely on exemptions from valuation and minority shareholder approval requirements for these related party transactions.

Fineqia International reports a 77% increase in digital asset-based Exchange Traded Products (ETPs) Assets Under Management (AUM) year-to-date, reaching $87.9 billion. The number of ETPs grew by 20% to 194. Despite a market decline in June, with the digital assets market cap dropping by 9.1%, ETPs' AUM only decreased by 8%. The premium growth is attributed to the approval of BTC Spot ETFs, which saw a net inflow of $14.5 billion in the first half of the year. Market anticipation is high for Ethereum Spot ETFs set to launch in July, which could further drive net inflows and broaden institutional adoption of digital assets. The data highlights a resilient ETP market, despite recent downturns in digital asset prices.

Fineqia International announced that the global AUM of digital asset-based Exchange Traded Products (ETPs) surged to an all-time high of $95.4 billion in May, marking an 18% increase from April's $81 billion. Year-to-date, AUM rose by 93%, up from $49.5 billion at the end of 2023. The market cap of digital assets also increased by 16.9% in May, reaching $2.68 trillion. This growth was driven by optimism over Ethereum (ETH) Spot ETFs, approved by the SEC on May 23. Bitcoin (BTC) and Ethereum recorded significant gains, with BTC increasing by 12.3% to $67,150 and ETH by 26.8% to $3,785. BTC-based ETPs saw a 15.9% rise in AUM, while ETH-based ETPs increased by 27.9%. Notably, BlackRock's BTC Spot ETF surpassed Grayscale's in AUM. ETPs for a diversified basket of cryptocurrencies and altcoins also saw substantial gains.

Fineqia International Inc. reports a 64% growth in total Assets Under Management (AUM) for Exchange Traded Products (ETPs) with digital assets despite a monthly drop, maintaining a 24.5% premium over the digital assets market. The surge is attributed to the approval of Bitcoin (BTC) Spot ETFs in the U.S. and the launch of crypto ETFs in various countries.

Fineqia CEO Bundeep Singh Rangar is featured on the cover of Entrepreneur Middle East Magazine and named E-business Leader of the Year. This recognition highlights Rangar's visionary leadership and Fineqia's commitment to driving transformation in the digital asset industry. The CEO's latest venture, Glass Ventures, focuses on Web 4.0, blockchain, and AI technologies to capture innovative opportunities. Fineqia's Chairman Martin Graham praises Rangar's dedication to innovation and excellence, reflecting core company values. The E-business Awards 2024 by EMEM recognize Rangar's exceptional contributions in propelling Fineqia, Glass Ventures, and PremFina to success in Canada, the U.K., and Europe, with potential expansion plans in the UAE and the wider Middle East region.

Fineqia International Inc. appoints Warren Sergeant as Chief Financial Officer (CFO) designate to lead the company's finance department and support its business strategy. Sergeant, a London-based chartered accountant with a background in finance and technology, brings valuable experience from advising global hedge funds and entrepreneurship in South Africa. His track record includes spearheading international growth and expansion in the insurance finance industry. Sergeant's appointment aligns with Fineqia's commitment to innovation in digital assets, showcasing his financial management expertise.

Fineqia International Inc. CEO Bundeep Singh Rangar to Judge Meet the Drapers Startup Competition with Tim Draper, featuring a $10 million prize pool for blockchain and DeFi startups. The competition, part of Paris Blockchain Week, showcases innovation and entrepreneurship worldwide.

Fineqia International Inc. invests in Valuex AG, a company focused on technology and blockchain projects, to support early-stage businesses. Fineqia aims to build a portfolio of companies involved in decentralization technologies, Web 3.0, and Artificial Intelligence, including Enfineo, Haunted Space, Unigrid, Onocoy, Ready Games, and WeSendit. The investment aligns with Fineqia's strategy of providing resources and opportunities to entrepreneurs to thrive in the global market.