Crypto asset management firms Arca and BlockTower have announced their merger in an all-equity deal. Arca CEO Rayne Steinberg said the merger made sense as the companies had been close and the deal would create a "one-stop shop for sophisticated investors". The companies plan to retain their talent and expect the deal to close by the end of the year. Steinberg highlighted the importance of moving quickly in the fast-paced crypto sector and believes the new regulatory environment will benefit the industry. He also expressed optimism about increased involvement from traditional and activist investors.



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