Cantor Fitzgerald, Tether and SoftBank create a joint cryptocurrency company 21 Capital

The new company has a total investment size of over $3 billion. Tether will contribute $1.5 billion in BTC Bitfinex and SoftBank will add $600 million and $900 million respectively.

SoftBank CEO Masayoshi Son has previously participated in investments and is familiar with the market. In 2017, he personally bought BTC for $200 million at the peak, and then sold it a few months later at a loss of over $130 million.

This year, SoftBank invested $50 million in Cipher Mining, acquiring about 10.4 million shares (3%).

Meanwhile, a record has been set for liquidity inflow into spot ETFs - $912.7 million in net inflows.