Finance

‘No ETF Has Ever Done Anything Close’ — Analyst Highlights Record GBTC Outflows, Surpassing All ETFs

April 25, 2024 Bitcoin.com

Bitcoin

While Blackrock’s spot bitcoin exchange-traded fund (ETF), IBIT, experienced a continuous influx for 71 days before halting this week, Grayscale’s Bitcoin Trust (GBTC) holds the record with 72 consecutive days of outflows, surpassing all other ETFs on record. “No ETF has ever done anything close to that,” observed Eric Balchunas, Bloomberg’s senior ETF analyst, on […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Trading of Hong Kong Spot Bitcoin and Ethereum ETFs Starts April 30

April 24, 2024 Bitcoin.com

Bitcoin

Per the Securities and Futures Commission (SFC) of Hong Kong, the region’s newly authorized spot bitcoin and ethereum exchange-traded funds (ETFs) are set to commence trading on Tuesday, April 30, 2024. Anticipation Builds for the Rollout of Bitcoin and Ethereum ETFs in Hong Kong Recently, the SFC of Hong Kong announced its approval for several […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Blackrock Bitcoin ETF Sees 70 Straight Days of Inflows — Holdings Near 274K BTC

April 23, 2024 Bitcoin.com

bitcoin.com

The world’s largest asset manager with $10.5 trillion in assets under management, Blackrock, has seen 70 consecutive days of inflows into its spot bitcoin exchange-traded fund (ETF). This achievement places Ishares Bitcoin Trust (IBIT), which has amassed approximately 274K bitcoins since its launch, among the top 10 ETFs with the longest daily inflow streaks. IBIT: […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Spot Bitcoin ETFs Secured Inflows on Friday While GBTC Struggles to Hold 300,000 BTC

April 23, 2024 Bitcoin.com

Bitcoin (BTC)

Following a sequence of five days of net outflows, U.S. spot bitcoin exchange-traded funds (ETFs) experienced modest inflows on Friday, capturing nearly 900 bitcoins from the market, totaling $59.7 million. Concurrently, Grayscale’s Bitcoin Trust (GBTC) teeters on the brink of falling below the 300,000 mark, as it recorded a holding of 304,970.43 bitcoins as of […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

NYSE Considers 24-Hour Trading Model in Response to Crypto Market Trends

April 22, 2024 Bitcoin.com

24/7 trading

Cryptocurrency markets operate continuously, trading every day of the week, around the clock. In a similar vein, reports indicate that the New York Stock Exchange (NYSE) is exploring the possibility of shifting to 24/7 operations. The data team at NYSE has conducted a survey among its investors, revealing a strong interest in the availability of […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Bitcoin Futures Demand Blows up in Brazil: 7,400 Contracts Traded on Launch Day

April 22, 2024 Bitcoin.com

The first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Spot Bitcoin ETFs Record 5 Consecutive Day of Outflows; Analyst Declares Cool-Off ‘Totally Normal’

April 19, 2024 Bitcoin.com

Bitcoin (BTC)

U.S. spot bitcoin exchange-traded funds (ETFs) have seen outflows for the fifth consecutive day since April 12, with a reduction totaling $4.3 million during Wednesday’s trading sessions. ETF Analyst’s Perspective: Recent Bitcoin ETF Outflows Within Expected Norms The newly launched spot bitcoin ETFs have been active on the stock market for 99 days, having commenced […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Tokenized asset market could hit $16T on public blockchains — RippleX VP

April 18, 2024 Coin Telegraph

Tokenized asset market could hit T on public blockchains — RippleX VP

Coin Telegraph

Institutional investors, asset managers and banks are racing to bring financial assets on-chain in a market estimated to grow to $16 trillion in value.

Traditional finance (TradFi) firms have warmed up to the idea of tokenizing financial assets on public blockchains as the race toward blockchain-based tokenization heats up.

According to RippleX senior vice president Markus Infanger, TradFi players are finally bringing financial assets on-chain as they look to deploy for production and solve pain points in various value chains.

Speaking exclusively to Cointelegraph during Paris Blockchain Week, Infanger said that TradFi’s use of blockchain is finally becoming tangible.

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

Blackrock Closes in on Grayscale in the Battle for the ‘World’s Largest’ Bitcoin ETF

April 17, 2024 Bitcoin.com

Bitcoin (BTC)

U.S. spot bitcoin exchange-traded funds (ETFs) experienced three consecutive days of net outflows, with a loss of $58 million on Tuesday. Leading the outflow for the day was Grayscale’s GBTC. After Another Day of Outflow, IBIT Nears GBTC as Potential Leader in Spot Bitcoin ETF Market Grayscale’s GBTC continued to report reductions in its bitcoin […]

Mastercard Welcomes 5 Startups to Blockchain and Digital Asset Program

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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