The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks. IBIT: […]
Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of […]
With the debut of spot bitcoin and ethereum exchange-traded funds (ETFs) in Hong Kong trading on Tuesday, market observers are speculating about the potential demand for these ETFs in the region, reminiscent of the enthusiasm seen in the U.S. following the approval of 11 spot bitcoin ETFs on Jan. 10. Zhu Haokang, head of digital […]
Morgan Stanley, a leading global investment bank, is reportedly considering expanding access to bitcoin spot exchange-traded funds (ETFs). The firm may soon authorize its approximately 15,000 brokers to actively solicit customer purchases. Morgan Stanley to Widen Access to Spot Bitcoin ETFs Global investment bank Morgan Stanley is contemplating broadening access to spot bitcoin exchange-traded funds […]
U.S. spot bitcoin exchange-traded funds (ETFs) experienced three consecutive days of net outflows, with a loss of $58 million on Tuesday. Leading the outflow for the day was Grayscale’s GBTC. After Another Day of Outflow, IBIT Nears GBTC as Potential Leader in Spot Bitcoin ETF Market Grayscale’s GBTC continued to report reductions in its bitcoin […]
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of outflows, shedding $36.7 million since the outflows on Friday. Additionally, after the close of Monday’s market, Grayscale’s Bitcoin Trust (GBTC) offloaded 2,524.1 bitcoins valued at $159.25 million. Blackrock’s IBIT and Fidelity’s FBTC Lead in Bitcoin Accumulation as GBTC Sells Off Since the trading […]
While Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, experienced a continuous influx for 71 days before halting this week, Grayscale’s Bitcoin Trust (GBTC) holds the record with 72 consecutive days of outflows, surpassing all other ETFs on record. “No ETF has ever done anything close to that,” observed Eric Balchunas, Bloomberg’s senior ETF analyst, on […]
Microstrategy, the Nasdaq-listed software intelligence firm and “the world’s first bitcoin development company,” has disclosed that it now holds 214,400 bitcoins after the latest purchase. “We acquired 25,250 additional bitcoins since the end of the fourth quarter, our 14th consecutive quarter of adding more bitcoin to our balance sheet,” said the company’s chief financial officer. […]
Recent data over a seven-day period ending April 21, 2024, shows that non-fungible token (NFT) sales have declined by 25.48%, totaling approximately $236.96 million. Bitcoin dominated the NFT market this week, contributing $111.8 million to the overall sales since April 14. NFT Sales Tumble This week, NFT revenues fell 25.48% compared to the previous week. […]
The chairman of the Swiss National Bank has expressed reservations about incorporating bitcoin into the central bank’s currency reserves. He stated that no decision has been made yet to invest in bitcoin, underscoring the necessity for currency reserves to be liquid, sustainable, and easily tradable, given their use in international payments. Swiss National Bank on […]
The U.S. Department of Justice has indicted the founders of Samourai Wallet, Keonne Rodriguez, and William Lonergan Hill, on charges of operating an unlicensed money-transmitting business and laundering over $100 million through illicit transactions. DOJ Indicts Samourai Wallet Founders for Allegedly Operating $100 Million Crypto Laundering Ring According to the indictment unsealed by the Southern […]
BlockDrop Coin operates as a cutting-edge cryptocurrency that allocates mining rewards to token holders via weekly airdrops, simplifying access to the mining economy. Historically, the entry barriers to profitable Bitcoin mining have steadily increased, pushing individual miners and small operators to the periphery of the Bitcoin mining economy. This centralization of Bitcoin mining power raises […]