Tag: ETF

Blackstone buys $1M worth of Bitcoin ETF in first crypto bet

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Blackstone, which bills itself as the “the world’s largest alternative asset manager,” disclosed its first-ever crypto-related purchase, buying shares in BlackRock’s spot Bitcoin exchange-traded fund. However, Blackstone’s investment, reported in a May 20 filing with the US Securities and Exchange Commission, only totaled around $1.08 million — a fraction of the asset manager’s $1.2 trillion portfolio. Blackstone reported holding 23,094 shares of BlackRock’s iShares Bitcoin Trust ETF (IBIT) as of March 31. The IBIT shares were added to Blackstone’s Alternative Multi-Strategy Fund (BTMIX), which holds $2.63 billion worth of assets,…

Bitcoin rises as Fed leaves rates unchanged: CNBC Crypto World

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On today’s episode of CNBC Crypto World, bitcoin rises ahead of the Federal Reserve’s decision to leave interest rates unchanged. Plus, Treasury Secretary Scott Bessent testifies before Congress and highlights the Trump Administration’s crypto priorities. And, Alex Miller of Hiro Systems discusses his own testimony before Congress, which pushed for crypto legislation. Chapters 00:00 – CNBC Crypto World, May 7, 2025 0:26 – Bitcoin, ether rise 0:43 – The headlines 3:58 – Alex Miller of Hiro For access to live and exclusive…

JPMorgan to allow clients to buy Bitcoin, ETF access reportedly on the table

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Banking giant JPMorgan will allow clients to buy Bitcoin, CEO Jamie Dimon said at the firm’s annual investor day. Speaking to CNBC, Dimon said clients would soon be able to buy Bitcoin, though the bank itself won’t hold the asset.  “We’re not going to custody it,” he noted, adding only that Bitcoin will appear “in statements for clients.” No additional details were disclosed. The move marks a notable shift for the largest U.S. bank, particularly as rival Morgan Stanley already offers access to spot Bitcoin ETFs for qualifying clients. JPMorgan…

ETF Weekly Recap: Bitcoin ETFs Score Fifth Straight Week of Inflows With $604 Million Boost

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Bitcoin ETFs notched a fifth straight week of net inflows, bringing in $603.74 million, with Blackrock’s IBIT once again leading the charge. Ether ETFs joined the rally, posting an inflow of $41.59 million. Bitcoin and Ether ETFs Log Strong Inflows Despite Broad Market Mixed Signals Crypto exchange-traded fund (ETF) momentum held strong last week as […] Original

Bitcoin ETF weekly inflows drop 35% as Fed holds off on cuts

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U.S. spot Bitcoin ETFs saw a noticeable slowdown in inflows last week, as investors adopted a risk-off stance following Federal Reserve Chair Jerome Powell’s recent hawkish comments on future rate cuts. According to data from SoSoValue, Bitcoin ETFs brought in $603.74 million over the past week from May 12-16, which was a little over 35% less than the $934 million they recorded the week before. Most of last week’s inflows went into BlackRock’s IBIT, which attracted a massive $841.7 million. Meanwhile, funds like Grayscale’s BTC and VanEck’s HODL drew in…

FTX stablecoin payouts and ETF inflows could boost Bitcoin in June

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Bitcoin could benefit from favorable market conditions through July, before seasonal headwinds and tariff deadlines take effect, analysts say. Bitcoin (BTC) has jumped more than 25% since April, and it’s now holding near $106,000 with several signs pointing to more upside in the coming weeks, analysts at Matrixport say. In a Friday report, the analysts suggested that a new all-time high might be within reach due to several positive catalysts on the horizon. According to the report, Bitcoin has surged back to the upper end of its range at $106,000,…

BlackRock Bitcoin ETF Sees $410M Inflows — BTC ATH Ahead?

Key Notes Institutional interest in IBIT continues to grow, with a 19% increase in institutional holders during Q1 2025. Key players include Goldman Sachs as the largest IBIT holder and Abu Dhabi’s Mubadala with $408.5 million worth of shares. Bitcoin price, buoyed by institutional activity, is up 2% today, targeting a breakout above $104.9K, and further to new all-time highs. BlackRock Bitcoin ETF (IBIT) continues to dominate US ETF inflows while scooping an additional 3975 Bitcoin worth $410 million on Thursday. IBIT has been dominating he entire US Bitcoin ETF…

Abu Dhabi wealth fund invests $408M in Bitcoin via IBIT ETF

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Abu Dhabi’s Mubadala Investment Company has boosted its stake in BlackRock’s iShares Bitcoin Trust, indicating continued interest in crypto from one of the world’s largest sovereign wealth funds. According to a May 15 filing with the Securities and Exchange Commission, as of Mar. 31, Mubadala held 8.7 million IBIT shares worth $408.5 million. That’s an increase from 8.2 million shares at the end of 2024. While the number of shares rose, the total value dipped from $436 million due to fluctuations in IBIT’s price, which closed at $58.86 on May…