Bitcoin investment products bounced back to add $931 million, while Ethereum funds slipped to $169 million in net outflows.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
As bitcoin miners allocate more resources to AI computing, the growth in bitcoin’s network hashrate is likely to slow, according to JPMorgan.
Standard Chartered’s Geoffrey Kendrick said any decline could be brief and “may be the last time bitcoin is EVER below” $100,000.
Bitcoin was the primary focus, while investors saw Ethereum price weakness as a buying opportunity, Head of Research James Butterfill said.
The Financial Conduct Authority, the UK's financial regulator, officially lifted a four-year retail ban on crypto ETNs earlier this month.
The correction in crypto markets, which involved massive liquidations, was likely driven by crypto native investors, according to JPM.
No U.S. spot Bitcoin ETFs generated net inflows on Oct. 15, contrasting just one Ethereum ETF that registered net outflows.
Despite the crypto price plunge following Trump's China tariff threats, Friday saw a "paltry" $159 million in outflows, CoinShares said.
Stablecoin market is currently dominated by crypto-native firms like Tether and Circle, both of which issue USD-pegged tokens.
U.S. spot Ethereum exchange-traded funds experienced net outflows of $8.7 million on Thursday, led by Fidelity's FETH.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
JPMorgan analysts say spot Solana ETFs are likely to get approved soon but will see limited inflows compared to Bitcoin or Ethereum ETFs.
More than half of investors expect up to a quarter of their portfolios to be tokenized by 2030, led by private market assets, the firm said.
BlackRock's IBIT spot bitcoin ETF has exceeded 800,000 BTC in assets under management less than two years after trading began.
The UK's financial regulator officially lifted its ban on crypto ETNs on Wednesday, opening up access to retail investors for the first time.
CIO Matt Hougan cited recent wealth manager approvals, bitcoin's price surge, and the "debasement trade" narrative as key catalysts.
U.S. spot bitcoin ETFs attracted their second-largest ever daily inflows of $1.19 billion on Monday as BTC made fresh all-time highs.
SharpLink Gaming said it has seen its unrealized profits surge past $900 million since launching its treasury strategy in early June.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Schwab and Vanguard are also starting to change their tune, signaling a gradual softening of resistance to digital assets.
The crypto asset manager has also activated staking for its Grayscale Solana Trust (GSOL), which has yet to convert into an ETF.
The flows were driven by a delayed response to the U.S. interest rate cut, CoinShares Head of Research James Butterfill said.
China Financial Leasing Group plans to raise $11.1 million through a share placement to establish a cryptocurrency and AI investment platform.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The daily inflow streak for BlackRock's IBIT surpassed $1 billion on Thursday, contributing to a $2.25 billion run across all Bitcoin ETFs.
Bitcoin is significantly undervalued relative to gold, according to JPMorgan analysts, implying upside toward $165,000.
The Asian holiday season and U.S. government shutdown may sap liquidity and delay key economic data in early October, according to K33.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Balchunas' comments follow a slew of recent 19b-4 withdrawals for Solana, XRP, Cardano, Litecoin, Dogecoin, Polkadot, and Hedera ETFs.