Rep. Sheri Biggs disclosed a purchase of up to $250,000 in BlackRock’s iShares Bitcoin Trust ETF for the second time in a year.
According to Bloomberg, BlackRock’s iShares Bitcoin Trust (IBIT) has set a new benchmark in the world of exchange-traded funds (ETFs) since its launch in January 2024. With over $50 billion in assets amassed in just 11 months, IBIT has achieved a feat unparalleled in the industry, outpacing traditional funds that have been operating for decades. […]
US-based spot Bitcoin ETFs now hold over 5.7% of the entire Bitcoin supply, with analysts seeing it as a price catalyst toward $200,000.
On Wednesday, BlackRock, the world’s largest asset manager, successfully acquired municipal debt through a transaction that exclusively utilizes blockchain technology. According to a Bloomberg report, this marks the first instance of municipal bonds being purchased, settled, and held entirely on a blockchain platform. BlackRock’s Historic Bond Deal Per the report, the bonds were issued earlier […]
The Grayscale Bitcoin Trust has had $21 billion in outflows since January, overshadowing gains from nine of the US-based spot Bitcoin ETFs in the market.
BlackRock’s Bitcoin ETF options made a historic debut, recording nearly $1.9 billion in notional value traded on the first day. Jeff Park, Head of Alpha Strategies at Bitwise Invest, shared his detailed observations on X , highlighting key takeaways from the inaugural trading day. “Today marks the historic Day 1 of BTC ETF options launch. […]
On-chain data platform Token Terminal has set the stage for a potential seismic shift in the crypto ecosystem. It predicts that $10 trillion asset management giant and exchange-traded fund (ETF) issuer BlackRock is preparing to unveil its blockchain platform. BlackRock’s Crypto Masterplan Recent research by Token Terminal delves into BlackRock’s strategic entry into the crypto […]
The Grayscale Bitcoin Mini Trust (the “Trust”) officially launched on Wednesday after receiving approval from the US Securities and Exchange Commission (SEC), emerging as a lower-cost alternative to the renowned Grayscale Bitcoin Trust (GBTC). New Bitcoin Mini Trust Debuts According to Bloomberg, the Grayscale Bitcoin Mini Trust, which debuted with a 0.15% expense ratio, is […]
Last week, the US spot Bitcoin ETF market experienced a notable shift in investor sentiment. Positive inflows were reported, breaking a streak of outflows that had persisted for almost a month. The week concluded with a significant $116 million positive inflows, indicative of growing interest in the newly approved index funds. Notably, a new player […]
Asset manager Blackrock has emerged as the frontrunner in the Bitcoin ETF race in terms of inflows with its IBIT ETF, which is increasingly attracting institutions’ attention as a key development showing its success. Many fund managers have flocked to invest in BlackRock’s ETF, signaling a growing interest in digital assets among traditional financial institutions. […]
Investors may be disappointed by the initial performance of spot Bitcoin ETFs, but don’t underestimate its impact over the long term, says VanEck adviser Gabor Gurbacs.