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Growing institutional confidence is indicated by Bitcoin’s record-breaking gain and consistent ETF inflows. According to statistics from SoSoValue, Bitcoin (BTC) spot ETFs showed a net inflow of $637 million on Dec. 16, the 13th day in a row that inflows…
BTC
Bitcoin
Ethena Labs has introduced a new stablecoin, USDtb, backed by BlackRock’s USD Institutional Digital Liquidity Fund. USDtb operates similarly to other popular fiat-backed stablecoins like USD Coin (USDC) and Tether (USDT), with reserves held in cash or cash-equivalent assets at…
Blockchain firm Securitize has hired Michael Sonnenshein to serve as chief operating officer, a key role next to CEO and co-founder Carlos Domingo.
BTC
Bitcoin
BlackRock recommended a Bitcoin allocation size for the first time, likening the digital asset to Wall Street’s “magnificent 7”.
BTC
Bitcoin
The two biggest exchange-traded fund (ETF) issuers, BlackRock and Fidelity, bought over $500 million in Ether in the past two days. According to Arkham Intelligence X’s post on Dec. 12, BlackRock and Fidelity acquired more than half of a billion…
ETH
Ethereum
Despite Bitcoin’s recent surge past $100,000, investors in Russia doubt the crypto will hit the $200,000 mark anytime soon. Bitcoin’s (BTC) rise past $100,000 has sparked excitement, though Russian investors aren’t counting on it hitting $200,000 this cycle, according to…
BTC
Bitcoin
The second-largest cryptocurrency in the world, Ethereum, has seen a major inflow from the financial market, with a total of $2.2 billion this year. According to CoinShare’s published report on Dec. 02, Ethereum (ETH) has an outstanding record, along with…
Stablecoin issuer Ethena has partnered with tokenization platform Securitize to submit an application to include the USDtb stablecoin in Sky’s $1 billion tokenization contest. Ethena (ENA) and Securitize revealed their joint pitch for Sky’s Spark competition, aiming to utilize BlackRock’s…
ENA
Ethena
A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.2 billion in inflows…
Since the day of its release, January 2024, Bitcoin ETF has seen a massive inflow from institutional investors, allowing it to diversify assets without owning Bitcoin on the crypto market. Bitcoin spot exchange-traded fund (ETF) recorded volume trading of $5…
BTC
Bitcoin
CoinShares, a digital asset manager, reported that last week crypto products saw a major inflow from institutional investors of up to $2.2 billion. The latest U.S. Election, on Nov. 5, still stimulated the weekly cryptocurrency inflow up to $2.2 billion.…
BlackRock has received a license to operate in Abu Dhabi, further expanding its business into the Middle Eastern region after gaining approval from Saudi Arabia just last month. According to a Bloomberg report published on Nov. 18, the investment management…
BlackRock is expanding its tokenized fund — BUIDL — to multiple blockchains. BlackRock has announced the expansion of its BlackRock USD Institutional Digital Liquidity Fund — BUIDL — which is tokenized by Securitize, to five additional blockchains: Aptos (APT), Arbitrum…
BlackRock’s IBIT fund continued to see strong inflows for the fourth consecutive day, with $778.2 million flowing into the fund on Nov. 12, while other ETFs experienced a slowdown as Bitcoin dipped below $86,000. According to data compiled by SoSoValue,…
Bitcoin’s multi-day blast to consecutive new highs caught Wall Street's attention, with billions flowing in crypto ETFs since November’s start and the U.S. elections.
Wall Street’s demand for Bitcoin products surged last week, with $1.1 billion in new cash captured by BlackRock’s spot Bitcoin exchange-traded fund. Bitcoin (BTC) has become a major focus for U.S. wealth management heavyweight BlackRock as its spot Bitcoin ETF…