Blackrock Exec Debunks Bitcoin Myths: ‘It’s Not a Risk-on Asset’

November 19, 2024 Bitcoin.com

Bitcoin

Blackrock Inc.’s head of digital assets, Robert Mitchnick, recently shared his thoughts on bitcoin during a conversation with Yahoo Finance. Mitchnick stated that he doesn’t consider bitcoin to be a “risk-on asset.” His remarks coincided with the debut of Blackrock’s Ishares bitcoin exchange-traded fund (ETF) options on Nasdaq, signaling a significant development in the company’s […]

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Trump trade over? Bitcoin, Ethereum ETFs see first outflow since election

November 15, 2024 Coin Telegraph

Bitcoin

Spot crypto ETFs in the US saw outflows for the first time since Donald Trump was elected president, as both Bitcoin and Ethereum fell on the day.

United States-based spot Bitcoin and Ethereum exchange-traded funds (ETFs) bled on Thursday, ending a run of inflows since Donald Trump was elected president on Nov. 5.

Farside Investors shows the 11 Bitcoin ETFs together posted a net outflow of $400.7 million on Nov. 14 as Bitcoin (BTC) saw a drop on the day and was down 2% over the last 24 hours at $88,200.

The only two funds to see positive flows were BlackRock’s iShares Bitcoin Trust ETF, which had $126.5 million worth of net inflows alongside a minor $2.5 million flow into the VanEck Bitcoin ETF.

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Blackrock’s USD Institutional Digital Liquidity Fund Set to Expand to 5 New Blockchains

November 14, 2024 Bitcoin.com

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Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL) is set to expand to Aptos, Arbitrum, Avalanche, Optimism, and Polygon. Blackrock to BUIDL on More Blockchains The Blackrock USD Institutional Digital Liquidity Fund (BUIDL), tokenized by Securitize and first introduced on the Ethereum network in March 2024, will now extend access across several blockchains. BUIDL is a […]

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BlackRock Announces BUIDL Expansion Across Aptos, Arbitrum, Avalanche, Optimism and Polygon

November 13, 2024 The Daily Hodl

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Asset management titan BlackRock is announcing the expansion of its proprietary BUIDL, the company’s on-chain money market fund, across five new blockchains. According to an announcement by real-world asset tokenizing firm Securitize, BlackRock’s brokerage partner, BUIDL will be expanding to layer-1 blockchains Aptos (APT) and Avalanche (AVAX) as well as layer-2 scaling solutions Arbitrum (ARB), […]

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Blackrock Bitcoin ETF Overtakes Gold Trust — The Asset World Shaken

November 12, 2024 Bitcoin.com

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Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), launched in January, has now surpassed the Ishares Gold Trust (IAU) in assets under management (AUM). According to Factset, IBIT reached approximately $34.3 billion on Friday, overtaking IAU’s nearly $33 billion. This milestone follows President-elect Donald Trump’s victory, with Trump openly supporting cryptocurrency during […]

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Record Breaking Volume for Blackrock ETF as Bitcoin Keeps Hitting New All Time Highs

November 12, 2024 Bitcoin.com

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Blackrock’s spot bitcoin exchange-traded fund (ETF) set a new daily trading volume record after bitcoin hit $89,000 for the first time. Bitcoin ETFs Continue to Set New Records With bitcoin hitting new all time highs on a daily basis, bitcoin ETFs have experienced the same boom with lots of new capital pouring in. The biggest […]

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Bitcoin Price Surpasses $79,000 in Abrupt Weekend Melt-Up

November 10, 2024 The Daily Hodl

Bitcoin

The price of Bitcoin (BTC) is going parabolic. BTC has surged from about $76,000 on Friday to $79,373 at time of publishing. The leading crypto asset has forcefully rallied following Donald Trump’s sweeping victory over Kamala Harris last week. Trump has called himself the pro-Bitcoin and crypto candidate, stating he will support the $2.6 trillion […]

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Crypto Biz: US elections crown Polymarket

November 9, 2024 Coin Telegraph

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This week’s Crypto Biz features Polymarket, BlackRock’s IBIT hitting $1B volume, Meta’s Llama joining the US military, Bitcoin miners posting production records in October and VanEck listing PYTH ETN.

Donald Trump may have won the race for the White House, but the crypto market has its own champion: Polymarket — a decentralized prediction market platform running on the Polygon blockchain.

Founded just four years ago, the platform has amassed over $3.2 billion in total bets tied to the United States election results, with $239.5 million placed on Election Day alone.

Behind Polymarket is 26-year-old Shayne Coplan, CEO and board member, according to Pitchbook. Some key election developments predicted by traders on Polymarket included President Joe Biden dropping out of the contest, among other geopolitical developments.

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SEC mulls approving Ethereum ETF options

November 8, 2024 Coin Telegraph

Bitcoin ETFs

They include options on Bitwise Ethereum ETF, Grayscale Ethereum Trust, and Grayscale Ethereum Mini Trust, as well as “any trust that holds Ether,” the filing said.

United States regulators are reviewing a request to list the first options tied to spot Ether (ETH) exchange-traded funds (ETFs) on NYSE American’s securities exchange, according to a Nov. 8 filing.

If approved, NYSE would be authorized to list options on Bitwise Ethereum ETF (ETHW), Grayscale Ethereum Trust (ETHE), Grayscale Ethereum Mini Trust (ETH), and “any trust that holds Ether,” the filing said.

The SEC’s decision is the latest sign the agency may be softening its stance on cryptocurrency products, particularly after crypto-friendly Donald Trump’s Nov. 5 presidential election win.

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BlackRock’s IBIT Bitcoin ETF Surpasses iShares Gold ETF in Net Assets, Reaching Over $33,000,000,000

November 8, 2024 The Daily Hodl

Bitcoin

New data reveals that asset management titan BlackRock’s Bitcoin (BTC) exchange-traded fund (ETF) has surpassed its gold counterpart in terms of net assets. In a new thread on the social media platform X, Nate Geraci – co-founder of the ETF Institute – notes that BlackRock’s iShares Bitcoin Trust ETF (IBIT) took only 10 months to […]

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