"Trump talks up crypto when he is before crypto investors. Yet we continue to believe this is not a personal priority," said TD Cowen.
Bitwise CIO Matt Hougan said the market is "overthinking things" amid the U.S. crypto-reserve fueled Trump pump and slump.
ARKB remains the top allocation within Ark Invest's Next Generation Internet fund, with a weighting of 10.3%.
The Bybit hack, a more hawkish Federal Reserve and weakened sentiment contributed to the negative flows, James Butterfill said.
With Solana futures set to launch on CME next month, the path for a spot SOL ETF approval could become clearer.
"Now that is a dip I would like to buy," Standard Chartered's Geoffrey Kendrick said of the $69,000–$76,500 range for bitcoin.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
BlackRock's IBIT saw a record $418.1 million worth of net outflows on Wednesday amid the ongoing crypto market correction.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Ark bought COIN and sold ARKB as the Cathie Wood-led investment firm rebalanced its fund weightings on Tuesday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Investors are cautious amid uncertainty around trade tariffs, inflation and monetary policy, Head of Research James Butterfill said.
The launch follows Hashdex's combo ETF going live last week after both funds were approved by the SEC in December.
JPMorgan analysts say a lack of positive catalysts and fading momentum drive lower demand for bitcoin and ether futures.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Institutional investment managers with at least $100 million in equity assets under management recently filed Q4 2024 13F reports.
The Bitcoin Layer 2 network's capacity currently stands at around $500 million after strong growth in 2024.
"The 13F filings for Q4 show that process is underway," Kendrick said in an email to The Block on Tuesday. "It is happening."
The initiative comes as Hong Kong moves toward a regulated stablecoin framework as part of its broader digital asset strategy.
Bitcoin-based funds are “highly sensitive” to interest rate expectations and bore the brunt of last week’s outflows, James Butterfill said.
Chief among the catalysts is the new Crypto Task Force’s focus on delivering a National Bitcoin Reserve, Bernstein said.
Negative headlines have caused bitcoin to lose value over the past 5 weekends in a row, but that trend may soon reverse.
The firm has a large footprint in the industry, including serving as administrator for several Bitcoin exchange-traded funds.
Major institutions, including sovereign wealth funds and pension funds, ramped up their spot Bitcoin ETF investments.
Barclays has emerged as one of the top holders of BlackRock’s Bitcoin ETF as of Dec 31, according to a Thursday 13F filing with the SEC.
Tether CEO Paolo Ardoino told The Block that JPMorgan analysts "don't understand either Bitcoin nor Tether."
JPMorgan analysts estimate that only 66%–83% of Tether's reserves comply with proposed U.S. stablecoin regulations, potentially requiring asset restructuring.
FOBXX, which invests in U.S. government debt, launched on Stellar and trades on Coinbase’s Base, Aptos and Avalanche as well as Sui.
In a year or two, the transformation in the crypto market will be “self-evident” and “overwhelming,” Matt Hougan predicted.