Blackrock’s Exchange Traded Fund IBIT lost a whopping $332 million yesterday draining inflows into the 11 spot Bitcoin ETFs.
The Massive outflows on Blackrock’s IBIT were no match for the inflows recorded in five Bitcoin ETF funds resulting in the ETFs closing the day on a deficit of $242 million.
This is the second time…
Do Kwon, The South Korean founder of Terraform Labs pleaded not guilty to a nine-count Criminal indictment at a United States Court.
Do Kwon the founder of Terra USD and another crypto asset that lost an estimated $40 billion is facing charges bordering on securities fraud, wire fraud, commodities fraud, and money laundering conspiracy.
The…
Bitwise Chief Investment Officer, Matt Hougan, stated that the price of Bitcoin could hit $500,000 following the proposed launch of a strategic Bitcoin reserve in the United States.
Matt Hougan’s projections align with that of various analysts expecting a pump in Bitcoin price if the strategic Bitcoin reserve is launched.
Speaking as a guest on…
Morgan Stanley’s retail brokerage arm E*Trade is considering adding crypto trading to the services it offers its clients per report from the information.
A proposed onboarding into crypto trading for Morgan Stanley, a world-leading investment bank with over $1.5 trillion in Assets Under Management (AUM) has sparked a lot of excitement and speculation in the…
Binance, the largest crypto exchange by Market capitalization announced that it has secured approval from the Central Bank of Brazil for the acquisition of a locally licensed broker-dealer institution in the country.
Binance announced the development via its official website remarking that the approval marks the firm's 21st global regulatory milestone.
“ In a development…
Alex Pawlowski, Managing Director at Ascent Partner called for a moderate approach and strategic timing from Europe's MICA in its ongoing spat with Tether (USDT).
On the 30th of December 2024, Tether the largest stablecoin issuer in the world became officially non-compliant following stringent measures for stablecoins put in place by European Union’s Markets…
The Syrian Centre for Economic Research under the transitional government of Syria proposed a bill seeking to legitimize Bitcoin in the country and Digitize the nation's Local currency.
The Bill titled “ Bitcoin Policy in Syria” looks to accelerate reconstruction, ensure market freedom, and protect Syrian citizens from inflation and currency devaluation.
The Bill also…
The nine-spot ethereum ETFs had a quiet last day of trading as the year 2024 wound up yesterday.
The Ether ETFs pulled in only $36 million recording inflows in two funds and Outflows in just one.
The inflow follows a net outflow of $55 million on the penultimate day of the year.
Blackrock ETHA, the…
The 11 spot Bitcoin ETFs signed off the year 2024 with a net inflow after losing a whopping $702 million two days before.
The Bitcoin ETFs recorded two days of heavy outflow losing $287 million and $415 million respectively before the last day of the year.
On December 31st, the Bitcoin ETFs pulled in a…
The Nine Spot Ethereum ETFs recorded no inflow yesterday while losing $55 million.
Surprisingly, there was no inflow on both Spot Bitcoin ETFs or Spot Ethereum ETFs yesterday a very rare occurrence since both Exchange-traded funds were launched.
Bitcoin ETFs lost a whopping $415 million yesterday while Ethereum ETFs lost $55 million.
Spot Ethereum ETF…
