US-based ETF issuers Invesco and WisdomTree have cut trading fees on their European exchange-traded funds by 60% in a bid to join the spurring war for market share by international ETF providers. Invesco and WisdomTree, currently the 6th and...
Bitcoin's prices have plummeted to a seven-day low, according to market data for Monday, January 22, 2024. This drop marks the cryptocurrency's lowest point since the launch of new spot Bitcoin exchange-traded funds (ETFs) on January 11. At the...
BlackRock's spot Bitcoin exchange-traded fund ($IBIT) recorded its third-largest inflow, at $272 million, on the seventh day of live trading, according to data published by Bloomberg ETF analyst James Seyffart. The ETF had previously posted its largest inflow so...
Root Protocol, a new blockchain-based venture that provides a virtual identity service to streamline access to Web3 platforms, has secured over $10 million in funding through two distinct seed rounds. The Protocol shared the announcement of this significant milestone...
Grayscale's CEO, Michael Sonnenshein, has expressed doubt about the sustainability of recently launched spot Bitcoin ETFs, asserting that the competition among these issuers to reduce fees won't prevent many from exiting the crypto market. During an interview with CNBC...
Wise Origin Bitcoin Trust by Fidelity Investments has become the second after BlackRock's spot Bitcoin ETF to cross the $1 billion mark of Bitcoin assets under management (AUM). This development came less than 24 hours after BlackRock crossed the...
Flowdesk, a renowned French-based digital asset market maker, has raised $50 million in a Series B funding round to bolster its operations. The investment round was led by venture capital company Cathay Innovation and comprised contributions from Ripple, Eurazo,...
BlackRock's iShares Bitcoin ETF portfolio now comprises 99% of Bitcoin and about $1 billion in assets under management (AUM). This accomplishment marks BlackRock as the first among the new Bitcoin ETF issuers to reach such a substantial holding. According...
Bitwise has climbed up the ranks of top ETF issuers by assets under management (AUM) after it added over $63 million worth of Bitcoin tokens to its portfolio. On Thursday, January 18, Hunter Horsley, the CEO of Bitwise, took...
Bitcoin's downward price trend may not be over, as various indicators and metrics suggest that a price correction may not occur until a new price surge is in view. Despite the recent successes of Bitcoin ETF issuers in acquiring...
