Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has broken its record for the largest single-day bitcoin purchase since its launch. The world’s largest asset manager’s spot bitcoin ETF now holds 183,345 bitcoins. Blackrock Bought the Bitcoin Dip Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), amassed the largest […] Original
IBIT added 12,600 bitcoin, breaking previous daily highs of around 10,000. Data from Nasdaq show that the fund recorded trading volumes of more than 107 million shares, or over $3.6 billion price-weighted, surpassing the previous record high of $3.3 billion from last week. Original
Analysts at QCP Capital note that despite Bitcoin’s quick drop to $59,000, funding is back to sensible levels and the more likely scenario is the outperformance of the ETH/BTC pair. In a volatile overnight session, Bitcoin (BTC) quickly set a new all-time high of $69,400 only to undergo a rapid decline, plummeting to $59,200 within a matter of a few hours. This steep downturn resulted in the liquidation of over $1 billion worth of leveraged long positions on Binance alone. However, as noted by analysts at QCP Capital, the market…
The SEC wants to know if the applications for ETFs that hold Ethereum’s ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs. Source
The ten ETFs topped $10 billion in trading volume during the session, breaking last week’s daily record, according to Bloomberg data compiled by Eric Balchunas, ETF analyst at Bloomberg Intelligence. BlackRock’s IBIT, Fidelity’s FBTC, Bitwise’s BITB and ARKB, co-managed by Ark Invest and 21Shares, all broke their personal volume records, Balchunas noted. Source CryptoX Portal
Osprey Bitcoin Trust, a Delaware statutory trust, has acknowledged that its units are trading at a discount to Bitcoin’s value. The trust’s sponsor, Osprey Funds, LLC, is exploring strategic options to enhance unitholder value, including a potential sale or merger with a Bitcoin ETF. If unsuccessful, the sponsor plans to liquidate the trust within 180 days. Additionally, the trust intends to terminate the registration of its units under the Securities Exchange Act of 1934 by filing a Form 15 with the SEC. This will suspend its obligation to file specific…
Grayscale is offering an investment vehicle focused on specific proof-of-stake network tokens as it awaits an SEC verdict on its spot Ethereum ETF application. Grayscale Advisors LLC, a subsidiary of the firm behind the most significant spot Bitcoin (BTC) ETF, introduced its latest product to capitalize on staking rewards amid a boom in the crypto market and surging staking ratios on blockchains like Ethereum (ETH). The Grayscale Dynamic Income Fund (GDIF) invests in proof-of-stake (PoS) native tokens to generate yield and distribute this income to investors per quarter. Staking is…
The Grayscale Dynamic Income Fund (GDIF), the company said Tuesday, initially will own assets for nine blockchains: Aptos (APT), Celestia (TIA), Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL). It aims to distribute rewards in U.S. dollars on a quarterly basis. Original
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“As soon as we got together with Jan, even probably before the acquisition, bitcoin was definitely a topic,” Rozemuller said. “Jan mentioned that he was already looking at ways to maybe do something in the U.S. We told him, ‘Well, we’re actually working on something in Europe, too.’” Original