Finance

HSBC to Expand Tokenized Asset Offerings — CEO Says He’s ‘Very Comfortable’ With Tokenization

April 16, 2024 Bitcoin.com

bitcoin.com

Hong Kong’s leading commercial bank, HSBC, continues to invest in its tokenization product lineup. The bank’s CEO, Noel Quinn, stated that he is “very comfortable with the concept of tokenization.” He indicated that the bank will look at ways of tokenizing assets backed by “real” assets. HSBC’s CEO Discusses Tokenization Plans Hong Kong’s leading commercial […]

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Tether Announces Upcoming Release Of Multi-Chain Tokenization Platform

April 15, 2024 Bitcoin.com

bitcoin.com

Tether is preparing the release of an in-house developed tokenization solution. Paolo Ardoino, CEO of Tether, announced on social media that the company is on the verge of releasing a white-label, multichain tokenization platform available for everyone. Ardoino explained that this platform would allow tokenizing bonds, stock, funds, or reward points. Tether Announces Release of […]

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Germany’s Largest Federal Lender LBBW Ventures Into Crypto Custody, Targets Mid-2024 Launch

April 15, 2024 Bitcoin.com

Bitcoin

Landesbank Baden-Württemberg (LBBW), Germany’s largest federal bank, has announced plans to offer crypto custody services later in the year. LBBW revealed its collaboration with Bitpanda, based in Austria, and stated that it will begin these services focusing on bitcoin and ethereum, the top two cryptocurrencies by market capitalization. LBBW and Bitpanda Collaborate to Offer Bitcoin […]

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ETF Analyst Offers Sober Outlook on Newly Approved Hong Kong Bitcoin ETFs; Challenges $25B Inflow Estimate

April 15, 2024 Bitcoin.com

ETF Analyst Offers Sober Outlook on Newly Approved Hong Kong Bitcoin ETFs; Challenges B Inflow Estimate

bitcoin.com

Following Hong Kong’s authorization of the region’s first spot bitcoin and ethereum exchange-traded funds (ETFs), Bloomberg’s senior ETF analyst Eric Balchunas shared his insights on social media about the new additions. Although there were anticipations of notable capital inflows into the Hong Kong ETFs, Balchunas mentioned that while it’s a positive step forward, he emphasized […]

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Gold and Silver Weather the Storm as Middle East Unrest Shakes Crypto Markets

April 14, 2024 Bitcoin.com

Bitcoin

Over the weekend, cryptocurrency assets saw a significant drop, with the crypto economy shedding more than 5% to fall to $2.3 trillion, while precious metals also saw declines, albeit less severe than the digital currency sector. Amidst the ongoing turmoil in the Middle East, gold fell by 1.18% in the last day; however, in contrast […]

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US Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility

April 14, 2024 Bitcoin.com

US Spot Bitcoin ETFs See .1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility

Bitcoin (BTC)

Data shows that U.S. spot bitcoin exchange-traded funds (ETFs) experienced negative outflows on Friday, totaling $55.1 million, with Grayscale’s Bitcoin Trust (GBTC) seeing another notable decrease. Metrics from Thursday reveal GBTC held 316,193.43 bitcoins, but after a decline of 2,048.23 bitcoins, the fund’s holdings reduced to 314,145.2 bitcoins. Blackrock and Fidelity Absorb Bitcoin Despite GBTC’s […]

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Grayscale CEO Sees GBTC Reaching Equilibrium, Expects Outflows to Ease

April 13, 2024 Bitcoin.com

bitcoin.com

Crypto asset manager Grayscale Investments believes that GBTC “has started to reach a little bit of an equilibrium,” says CEO Michael Sonnenshein, noting that some anticipated outflows from the firm’s spot bitcoin exchange-traded fund (ETF) are “largely behind us.” The crypto asset manager also expects GBTC’s fees to come down “as markets mature.” Grayscale’s CEO […]

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

April 13, 2024 Bitcoin.com

bitcoin.com

A 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

April 13, 2024 Bitcoin.com

bitcoin.com

Blackrock, 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

April 12, 2024 Bitcoin.com

Bitcoin

A 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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