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 far on day two of live trading at $386 million. Its ...
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 milestone. BitMEX's report, published on Friday, January 19, 2024, revealed data ...
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, Speedinvest, Cathay Ledger Fund, BPI, and ISAI. Flowdesk aims to use ...
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 to X to announce this latest crypto asset purchase. According to ...
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 operational approval from the US SEC, Bitcoin continues to decline, and ...
Following the recent approval of multiple Exchange Traded Funds (ETFs) focused on Bitcoin by the US Securities Exchange Commission (SEC), speculation has intensified regarding the cryptocurrency's future trajectory. While some analysts anticipate a price dump for the world's largest crypto, Fidelity Investments executive Jurrien Timmer holds a different view. Timmer, ...
Grayscale's spot Bitcoin ETF has witnessed a substantial outflow of approximately $1.1 billion within the last three days. This massive outflow from the fund followed a reduction in its discount to the lowest level in nearly three years. Bloomberg's ETF analyst, James Seyffart, reported via a post on X (formerly ...
MicroStrategy, a leading corporate investor in bitcoin (BTC), continues its strategic accumulation of the cryptocurrency by acquiring 14,620 BTC for approximately $615.7 million. This purchase elevates the company's total BTC holdings to 189,150, with an estimated market value surpassing $5.9 billion. CEO Michael Saylor confirmed the news of this purchase ...
The Bank of the Future (BF) has determined that should the prices of Bitcoin (BTC) and Ether (ETH) double from their present values, Celsius will be fully capable of repaying all its outstanding claims while retaining its other assets. In May 2023, Celsius finalized an agreement with Fahrenheit Group, the ...
Coinbase is pushing forward with its plans to introduce futures contracts despite facing regulatory challenges in the United States. On June 1, 2023, Coinbase announced its intention to launch Bitcoin and Ether futures contracts for its users on June 5, 2023. These contracts will be available through its derivatives exchange, ...
