Rising geopolitical tensions in the Middle East sent crypto markets downward as investors flee to safer assets.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
The U.S. Securities and Exchange Commission punted next steps on the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Analysts attribute the inflows to positive regulatory discussions around DeFi and stablecoins, alongside a spillover effect from bitcoin.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Circle's IPO highlights the value of holding both crypto assets and crypto-related equities, according to Bitwise CIO Matt Hougan.
Though it's still uncertain when spot Solana ETFs would be approved, Bloomberg senior ETF analyst Eric Balchunas estimated they could be approved within two to four months.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock's IBIT product dominates spot Bitcoin exchange-traded funds by trading volume, with a current 79% market share.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The firm's spot Bitcoin fund, the largest of its kind, passed $70 billion in AUM in 341 of trading, five times faster than a gold fund.
Less than a week on the public market, issuers have already filed for ETFs tracking the stock behind the second-largest stablecoin.
Mainstream interest is broadening beyond Bitcoin's "store of value" use case toward blockchain-based financial innovation, the analysts said.
Ethereum-based funds led for the second week in a row, while the usually dominant global Bitcoin investment products saw further net outflows.
Bitcoin ETFs reached a similar milestone in late May, setting a cumulative inflow record, but have shed around $1 billion in value since then.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Cathie Wood-led investment firm bought 4,486,560 Circle shares for its Innovation, Next Generation Internet, and Fintech Innovation funds.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin could climb to $125,000 in June if a soft U.S. jobs report fuels expectations of early Fed rate cuts, according to Bitfinex analysts.
NYSE Arca has filed for an exchange-traded fund named after President Trump's right-leaning social media platform.
K33 also announced an initial purchase of 10 BTC ($1 million) on Tuesday after raising $6.2 million to launch its bitcoin treasury strategy.
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