ETH has surpassed the $3,000 level for the first time in five months as new bitcoin all-time highs breathe fresh life into the crypto market.
The ARK Innovation ETF (ARKK) offloaded 16,627 Coinbase Global shares and 58,504 Robinhood Markets shares on Thursday.
Even modest adoption of tokenization could outsize any other crypto narrative — including bitcoin — Bitwise analysts said.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
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.
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.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Franklin Templeton Digital Assets said that the future of corporate crypto treasury strategies is contingent on several critical factors.
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.
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.
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.
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.
KraneShares submitted its Coinbase 50 Index registration filing with the U.S. Securities and Exchange Commission on Friday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Galaxy Asset Management closed a $175 million raise for Galaxy Ventures Fund I on Thursday, exceeding its initial $150 million target.
The ramp-up in daily inflows comes as bitcoin's price rebounds amid a dollar index weakness tailwind, according to an analyst.
The Tokyo-listed investment firm has purchased an additional 1,234 BTC, acquired at roughly $107,557 per bitcoin.
Despite the surge in bitcoin treasury companies, the use of in-kind share swaps helps explain why market impact is weaker, K33 said.
After launching its bitcoin treasury strategy in April, The Smarter Web Company's stock soared nearly 20,000% before correcting.
The Ethereum ETFs have overcome more than $4 billion in net outflows from Grayscale's converted ETHE fund to reach the milestone.
Ark Invest sold 415,844 Circle shares on Monday, with CRCL closing up 9.6% at $263.45 — well above its IPO price of $31.
Global Bitcoin and Ethereum-based funds led with net inflows of $1.1 billion and $124 million respectively.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Risks of liquidation or collapse are real but far more nuanced than during past crypto crises, according to Presto Research.