The initial tranche of $10.6 million in subscriptions is expected to close within 48 hours following its Wednesday announcement.
Meanwhile, K33 launched a new share issuance plan to raise funds toward its 1,000 BTC treasury accumulation target.
Cathie Wood's Ark Invest sold additional $44.76 million worth of Circle shares across three of its ETFs on Tuesday.
Despite the positive ETF flows, analysts remain cautious amid the latest price dip as geopolitical tensions continue.
Ark Invest offloaded Circle shares as its stock closed up 13.1% at a record $151.06 on Monday, nearly five times its IPO price of $31.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin-based funds rebounded with $1.3 billion in net inflows, while Ethereum products continued their strongest run since February.
The company also announced the issuance of zero-interest bonds worth $210 million to fund its Bitcoin purchases.
Meanwhile, U.S. regulatory momentum is building, with stablecoin legislation advancing and a market structure bill in the works.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
These strategies distort liquidity and sentiment, posing long-term risks to bitcoin's stability and adoption, the digital asset bank said.
With macro jitters rising ahead of today's CPI data, that caution might be the setup for the next breakout, according to K33.
Circle's IPO highlights the value of holding both crypto assets and crypto-related equities, according to Bitwise CIO Matt Hougan.
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 financial services firm said it plans to raise up to $100 million to invest in AI and crypto assets like Bitcoin, Ethereum, and Solana.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The company's holdings now total around 2.8% of the total 21 million bitcoin supply — worth over $62 billion.
The program aims to accelerate the firm's bitcoin treasury strategy, increasing the number of bitcoin per share on a fully diluted basis.
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.
The FCA said the move would support UK competitiveness, allowing crypto ETNs to be sold to individuals rather than just professional investors.
The Cathie Wood-led investment firm bought 4,486,560 Circle shares for its Innovation, Next Generation Internet, and Fintech Innovation funds.
Arca CIO Jeff Dorman said the firm received a "measly" $135,000 allocation of Circle's IPO shares, despite placing a $10 million order.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Rather than adding bitcoin in isolation, investors should consider it in the context of their entire risk budget, Hougan said.
K33 also announced an initial purchase of 10 BTC ($1 million) on Tuesday after raising $6.2 million to launch its bitcoin treasury strategy.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
U.K.-listed investment company IG Group has tapped Uphold's infrastructure to power retail crypto trading, the first publicly traded company to do so.
The funds will operate as a “regular C corporation” for U.S. federal income tax purposes, which treats staking distributions as dividend income.