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Bitcoin exchange-traded funds have suffered significant outflows over the past 10 days, with losses approaching $3 billion as investor sentiment shifts. The downturn has pushed year-to-date flows into negative territory, marking a sharp reversal from the optimism that surrounded the approval of spot Bitcoin ETFs earlier this year. Bitcoin itself has declined to $72,639, down…
A massive $1.3 billion block of BlackRock’s iShares Bitcoin Trust (IBIT) changed hands in a dark pool transaction, signaling continued institutional appetite for spot bitcoin exposure through traditional finance channels. The trade underscores how major asset managers are facilitating large-scale crypto holdings for institutional investors seeking regulated, custody-backed alternatives to direct bitcoin ownership. Dark pool…
BlackRock Won’t Chase Exotic Crypto ETFs Despite Market Expansion BlackRock will maintain a conservative approach to crypto exchange-traded fund offerings, avoiding exotic structures despite launching its second Ether product this week, according to the firm’s digital assets head Robert Mitchnick. The $14 trillion asset manager launched the iShares Staked Ethereum Trust (ETHB) on Thursday, which…
Cryptocurrency investment products posted $288 million in outflows last week, extending the exit streak to five consecutive weeks, the longest period of sustained outflows since the launch of US spot Bitcoin exchange-traded funds in January 2024. The cumulative outflows have now reached $4 billion, according to a Monday report from digital asset manager CoinShares. Despite…
Harvard University has trimmed its Bitcoin holdings and rotated capital into Ethereum, signaling a potential shift in how major institutions are thinking about crypto’s two largest assets. The endowment sold a portion of its iShares Bitcoin Trust (IBIT) shares while simultaneously opening a new position in BlackRock’s iShares Ethereum Trust, according to a 13F SEC…
Bitcoin has never been more institutionally accepted, yet the question persists: Is Bitcoin a good investment at current prices, or has the asymmetric opportunity passed? With spot ETFs approved, corporations holding it on their balance sheets, and nation-states accumulating, Bitcoin looks fundamentally different from what it did even three years ago. But whether that translates to…
Dogecoin Foundation-Backed 21Shares DOGE ETF Launches on Nasdaq A new spot Dogecoin exchange-traded fund (ETF) from 21Shares has launched on Nasdaq with backing from the Dogecoin Foundation. The move marks another step toward mainstream adoption of the meme coin that started as a joke in 2013 but has grown into a significant crypto asset. The…
Cryptocurrency asset manager Grayscale has filed with the US Securities and Exchange Commission to convert its NEAR Protocol Trust into an exchange-traded fund. The company submitted a preliminary prospectus on Tuesday for the Grayscale NEAR Trust, which offers shares representing fractional ownership in NEAR Protocol tokens. The ETF is intended to trade on the New…
21Shares launched its Bitcoin and Gold exchange-traded product, ticker BOLD, on the London Stock Exchange on Jan. 13, marking the first U.K.-listed vehicle to combine both assets in a single exchange-traded instrument. The product blends bitcoin and gold in a risk-weighted portfolio designed to deliver bitcoin-like returns with lower volatility than holding bitcoin alone. Bitcoin…
Sec Approves All Spot Ethereum ETFs In a long and arduous journey to global relevance, the long-awaited and anticipated Spot Ethereum ETF approval has finally been approved by the US Securities and Exchange Commission (SEC). This news comes as a light at the end of the tunnel as the battle for the ETH/ETF approval has…
Have you ever thought about investing in something that will be big before it becomes popular? Just like the early days of the internet, the Metaverse is a new technology that has the potential to be very successful. Some experts have also predicted that the Metaverse could be worth hundreds of billions of dollars by…
