Coinbase will act as a custodian and executives from Galaxy, Kraken, Pantera, and more have participated in funding.
IBIT dominates the other spot Bitcoin ETFs by AUM, accounting for approximately 56% of their total 1.25 million BTC holdings.
On Monday, Metaplanet announced it had bought an additional 2,205 BTC for $239 million, bringing its total holdings to 15,555 BTC.
Hong Kong's stablecoin licensing regime is set to take effect on Aug. 1, with several TradFi players expressing interest in applying.
U.S. spot Bitcoin ETFs notched up another $1 billion worth of net inflows over the past two days to approach $50 billion to date.
The Nasdaq-listed firm said it plans to use the proceeds to support its $100 million crypto reserve strategy launched earlier this year.
Earlier this year, Ondo Finance launched a platform to give onchain exposure to U.S. securities such as stocks, bonds, and ETFs.
Following the SEC's decision to put a pause on a Grayscale ETF, a spokesperson for the company says it "remains committed" to trying to list.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
This brings the Solana treasury firm's stockpile to 640,585 SOL, worth about $96 million at current prices.
Vlad Tenev defended Robinhood's new blockchain “stock tokens,” saying they let EU users track OpenAI and SpaceX valuations without granting equity.
Franklin Templeton Digital Assets said that the future of corporate crypto treasury strategies is contingent on several critical factors.
JPMorgan's upcoming application aims to set a single ecosystem for tokenized carbon credits that can address market fragmentation.
The fund, which is regulated under the Investment Company Act of 1940 and uses Anchorage as a custodian, also brought in $1 million in AUM.
Robinhood's CEO said the firm would offer "stock tokens" for OpenAI and over 200 other firms to European Union users on Monday.
A trade association is urging the SEC to deny companies the opportunity to offer tokenized equities through specific exemptive relief.
On Tuesday, TD Cowen analysts added new "buy" ratings and price targets to Strategy's STRF, STRK, and STRD shares.
The applications for national banking licenses keep rolling in, with the latest being Ripple, according to The Wall Street Journal.
BlackRock's usually dominant IBIT product ended its own 15-day, $3.8 billion inflow run, registering zero flows for the day.
Altcoin treasuries can serve as a provisional means of asset exposure as formal approvals for ETFs and staking have yet to arrive.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Robinhood announced an expansion into tokenized equities, crypto perpetual futures, and plans for an Ethereum Layer 2 blockchain.
Deutsche Bank's custody project follows a growing institutional shift toward digital assets, driven by clearer EU rules under MiCA.
Bitwise reiterated its call for BTC to hit $200,000 by the end of 2025, but is not so sure new highs for ETH and SOL are on the cards.
The ongoing streak of daily inflows into Bitcoin ETFs comes as BTC lingers less than 5% below its all-time high of $112,000.
Users in the UK and EU will receive the Bitget Wallet card first, with later plans to launch in Latin America, Australia, and New Zealand.
Coinbase's stock closed down 0.83% at $350.49 on Monday, remaining near its all-time closing high of $375.07 set last Thursday.
The XRPL EVM Sidechain opens up new Ethereum-compatible decentralized application use cases for the XRP Ledger ecosystem.
The Bernstein analysts expect the stablecoin market to reach $4 trillion over the next decade from around $244 billion today.
Year-to-date inflows now stand at $17.8 billion, on par with the same period in 2024, CoinShares Head of Research James Butterfill noted.