Grayscale Bitcoin Trust (GBTC), the world’s largest cryptocurrency investment vehicle, has experienced a notable influx of investor funds for the first time since the January approval of US spot Bitcoin exchange-traded funds (ETFs). Grayscale Bitcoin Trust Bounces Back With Inflows Data compiled by Bloomberg reveals that on May 3, Grayscale’s Bitcoin Trust received approximately $63 […]
With over $10 trillion under its management, asset management firm BlackRock has led a $47 million investment in Securitize, a prominent player in the tokenization space. BlackRock’s Investment Boosts In The Tokenization Space As announced on Wednesday, notable participants in the funding round include investment firm Hamilton Lane, financial technology company Tradeweb Markets, and asset […]
Asset management firm Grayscale has disclosed new details about its new Bitcoin Mini Trust fund, a “spin-off” of the GBTC exchange-traded fund (ETF). The new fund, which was first announced in March, is expected to operate independently and offer a cost-effective investment option to GBTC shareholders. Grayscale Offers Industry-Low Fee With New Fund According to […]
In response to the global demand for Bitcoin-related products, Brazil has seized the opportunity to capitalize on the momentum surrounding the leading cryptocurrency. According to a Reuters report, Brazilian exchange operator B3 announced on Thursday that it has received approval from Brazil’s securities regulator to offer Bitcoin futures trading, which is expected to begin on […]
Tony “The Bull” Severino, the Head of Research at NewsBTC and a certified CME, has identified an “Evening Star” candlestick pattern on the monthly chart of the Bitcoin CME futures. This formation, which traditionally indicates a potential trend reversal, is forming at a critical point for Bitcoin. According to Severino, there could be tell-tale signs suggesting […]
Amidst growing concerns of illicit activities involving cryptocurrencies, reports have emerged linking North Korean hackers associated with the notorious Lazarus Group to an exploit of Ethereum (ETH) through the virtual currency mixer Tornado Cash. It is alleged that the hackers are now involved in a transfer to BlackRock, the largest asset management firm, as claimed […]
Taking to X, one analyst now says Bitcoin is inching closer to a critical juncture. This “Danger Zone” has historically coincided with sharp price corrections before Bitcoin halving events, raising concerns about a potential crash in the coming weeks. Bitcoin Approaching “Danger Zone” According to price charts, Bitcoin is trading above $72,400 when writing. However, as time […]
The tides are turning for Bitcoin. In a sign of growing mainstream adoption, Bitcoin exchange-traded funds (ETFs) are witnessing a record influx of capital, even surpassing the daily production of new Bitcoins mined. This surge in investment, totaling a staggering $1.05 billion on March 11th, has sent shockwaves through the financial world. Bitcoin Emerges As […]
Spot Bitcoin Exchange-Traded Funds (ETFs) saw yet another record-breaking day yesterday, with inflows reaching a new daily all-time high (ATH). This surge in investment comes at a time when Coinbase, the leading US crypto exchange and custodian for eight of the ten spot ETFs, reports its BTC reserves at their lowest since 2015, signaling a […]
BlackRock, the world’s largest asset manager, recently conducted a private event focused on Bitcoin, signaling a potentially transformative moment for cryptocurrency within traditional financial circles. The insights from this event were shared by Steven Lubka, the Managing Director and Head of Private Clients & Family Offices at Swan, through X (formerly Twitter), shedding light on […]
The US Securities and Exchange Commission (SEC) has invited public comments on the potential introduction of Bitcoin spot ETF options trading. This development has drawn much reaction from the financial market, with experts predicting that the regulatory body could grant approval as early as March. NYSE Files For Bitwise, Grayscale’s Bitcoin Spot ETF Options In […]
Samson Mow, a developer and founder of a crypto project, has attributed the current Bitcoin price stability to the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States. Taking to X on February 22, Mow argued that these spot ETFs have prevented a significant price drop. Bitcoin Remains Higher Because Of Spot ETFs The […]