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Deutsche Bank Survey: Over Half Expect Crypto to Become ‘Important’ Asset Class and Payment Method

Deutsche Bank Survey: Over Half Expect Crypto to Become ‘Important’ Asset Class and Payment MethodA new Deutsche Bank survey found that over half of respondents expect cryptocurrencies to become an important asset class and a method of payment. In addition, 10% of respondents expect the price of bitcoin to be above $75,000 by year-end. Deutsche Bank’s Crypto Survey A recent Deutsche Bank survey of over 3,600 consumers, published this […]

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$10.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTC

.5 Trillion Asset Manager Blackrock’s Spot Bitcoin ETF Now Holds 270K BTCBlackrock, the world’s largest asset manager, shattered its record for assets under management (AUM), reaching a staggering $10.5 trillion. This financial behemoth also continues to dominate the U.S. spot bitcoin ETF market with its Ishares Bitcoin Trust (IBIT), which has amassed nearly 270K bitcoins. IBIT Has Amassed Nearly 270K Bitcoins Blackrock, the world’s largest asset […]

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Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as Monday

Sources Say Hong Kong Set to Approve First Spot Bitcoin ETFs as Early as MondayA recent report indicates that spot bitcoin exchange-traded funds (ETFs) are poised to receive approval from Hong Kong regulators as early as this Monday, as stated by “people familiar with the matter.” Harvest, Hashkey and Bosera ETFs Likely to Debut in Hong Kong Next Week Following the approval of 11 spot bitcoin ETFs in the […]

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A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial Hacks

A Fifth of Gen Z, Millennials Own Crypto; Over 60% Have Tried at Least One of Six Financial HacksApproximately a fifth of America’s Gen Z and Millennials own cryptocurrency but only 20% own real estate, the latest Policygenius 2024 Financial Planning Survey has found. The survey report asserts that Baby Boomers have “benefited greatly from housing wealth,” which now accounts for nearly half of their wealth. Boomers Least Interested in NFTs According to […]

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43 Bitcoin Projects Secure Key Funding in 2024 Attracting Over $127 Million

43 Bitcoin Projects Secure Key Funding in 2024 Attracting Over 7 MillionSince the onset of 2024, the Bitcoin ecosystem has seen an influx of capital flowing into startups. Data gathered by Coin98 Analytics from the web portal crypto-fundraising.info, reveals that over the past few months, 43 Bitcoin-centric projects have secured funding from key investors. Startups Dedicated to the Bitcoin Ecosystem Gather Significant Capital Injections A fresh […]

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Fidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s $123M Inflow

Fidelity’s FBTC Gains Ground, Absorbing Over 1,000 BTC Amid Wednesday’s 3M InflowU.S. spot bitcoin exchange-traded funds (ETFs) garnered $123.7 million in positive inflows during Wednesday’s trading. Grayscale’s Bitcoin Trust (GBTC) experienced a decline in its bitcoin holdings, decreasing from 318,451.70 to 316,193.43 bitcoins. ETF Analyst Notes Historical Inflow Streak in 2 Bitcoin ETFs, Eyeing Record On Wednesday, U.S. spot bitcoin ETFs reversed a two-day trend of […]

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US Spot Bitcoin ETFs Record $19.4 Million in Outflows, GBTC Holdings Decline

US Spot Bitcoin ETFs Record .4 Million in Outflows, GBTC Holdings DeclineU.S. spot bitcoin exchange-traded funds (ETFs) experienced another round of net withdrawals, documenting a $19.4 million decrease. The holdings of GBTC diminished from 322,697.17 bitcoins to 318,451.70. U.S. Spot Bitcoin ETF Landscape: Outflows Continue to Persist On April 8, 2024, the U.S. spot bitcoin ETFs saw a substantial $223.8 million in outflows, and on April […]

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Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin Issuers

Hong Kong’s ZA Bank to Offer Custody Accounts for Stablecoin IssuersZA Bank, a virtual bank in Hong Kong, will offer cash custody accounts for institutions that want to issue stablecoins. The organization is in talks with several parties seeking to issue their stablecoins, and this service would be available for them after receiving a license from the Hong Kong Monetary Authority (HKMA). ZA Bank to […]

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China’s Largest Fund Managers Eye Spot Bitcoin ETFs in Hong Kong’s Financial Markets

China’s Largest Fund Managers Eye Spot Bitcoin ETFs in Hong Kong’s Financial MarketsTwo of China’s largest fund management firms have recently been reported to be filing applications for spot bitcoin exchange-traded funds (ETFs), according to regional sources on Monday. Harvest Global Investments and Southern Fund are seeking approval from Hong Kong’s Securities and Futures Commission (SFC), aiming to obtain authorization to introduce spot bitcoin ETFs. China’s Investment […]

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10 US Bitcoin ETFs Amass Over 519,000 BTC, With Blackrock Leading at 50.81%

10 US Bitcoin ETFs Amass Over 519,000 BTC, With Blackrock Leading at 50.81%The latest data reveals that Blackrock’s spot bitcoin exchange-traded fund (ETF) has increased its bitcoin portfolio, now encompassing 263,937.48 bitcoins valued at $17.88 billion. Spot Bitcoin ETF Reserves Reach New Heights Several U.S. spot bitcoin ETFs have bolstered their bitcoin (BTC) holdings, bringing the total for ten ETFs, excluding Grayscale’s Bitcoin Trust (GBTC), to 519,440.22 […]

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