In-kind redemptions enable investors to redeem their stake in the fund using the underlying asset — bitcoin, in this case — rather than cash.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The usually dominant global Bitcoin-based funds slumped to $8 million in net outflows as a 34-day streak for BlackRock's IBIT came to an end.
The funds will operate as a “regular C corporation” for U.S. federal income tax purposes, which treats staking distributions as dividend income.
Canary Capital's filing follows the SEC's confirmation that proof-of-stake staking activities do not constitute securities transactions.
Spot Bitcoin ETFs recorded $358.65 million in net outflows on Thursday, marking the largest daily exit for the ETFs since March 11.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm, which appears to be growing increasingly interested in digital assets, has $14.8 billion in assets under management
BlackRock's IBIT has dominated those flows and has witnessed no outflows since April 9 in a 33-day run of its own.
The Financial Times, citing six anonymous sources, said Trump's media group plans to raise and invest $3 billion into bitcoin and cryptocurrencies.
The funds recorded their second-best week for inflows since the ETFs began trading in early 2024, data shows.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.S. spot Bitcoin and Ethereum ETFs attracted net inflows of $934.8 million and $110.5 million, respectively, on Thursday.
Bloomberg analyst James Seyffart previously said it is likely that the SEC will approve the the filed crypto ETF proposals in Q4.
US spot bitcoin ETFs reported a daily trading volume of $7.64 billion on Wednesday, the highest since late February.
IBIT is up to nearly $9 billion worth of net inflows in 2025, having attracted $6.5 billion in the past month alone.
Aside from the approval of spot bitcoin ETFs, it marks the most significant regulatory milestone in crypto's history, Matt Hougan argued.
The SEC pushed back deadlines for a few proposals on whether to approve exchange-traded funds tracking XRP and Dogecoin.
With over $1 trillion in assets under management the firm's investment in a spot Bitcoin ETF is mostly notable because of how small it is.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Allocations from Mubadala, Avenir, and Brown highlight Bitcoin’s acceptance among sovereign funds, asset managers, and academic institutions.
Year-to-date inflows have reached $7.5 billion — fully recovering from the February to March outflows amid the Trump tariff-fueled slump.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Mubadala Investment Company added an extra 491,439 shares in BlackRock's IBIT Bitcoin ETF in Q1, currently worth $28.8 million.
BlackRock's IBIT recently experienced a 20-day streak of net inflows where it took in more than $5 billion.
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Ark also bought $7.6 million of 3IQ's Solana staking ETF and sold shares in Jack Dorsey's Block as it rebalanced its fund weightings.
The crypto market continued its rally, with Bitcoin rising 1.4% and Ethereum gaining 8.9% in the past 24 hours.
The SEC pushed back its deadline for whether to approve Nasdaq's proposal to allow in-kind redemptions for the IBIT ETF.
While leveraging "Securitize's integrated services" the VBILL fund is initially available on Avalanche, BNB Chain, Ethereum, and Solana,