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BlackRock’s IBIT spot bitcoin ETF has exceeded 200,000 BTC in assets under management after just two months of trading.The newborn nine spot bitcoin ETFs — excluding Grayscale’s converted GBTC fund — now total more than 420,000 BTC.
Cathie Wood’s Ark Invest offloaded another 270,365 Coinbase shares on Monday — worth $68.7 million.COIN has surged 10% over the past week to reach the highest level since December 2021.
Bitcoin ETFs are sucking up the BTC available for purchase, and the tipping point in supply dynamics will come this year, one analyst says.
Thailand’s Securities and Exchange Commission has permitted firms to launch funds for investing in U.S. spot bitcoin ETFs. The country’s asset management firms are now allowed to offer funds with exposure to spot bitcoin ETFs for institutional investors.
The world’s largest crypto asset manager is still hemorrhaging Bitcoin with the largest outflow recorded this month, however other funds are inflowing more.
Daily bitcoin mining revenue surpassed its previous 2021 high over the weekend, The Block data showed.
The price of Bitcoin has pushed to reach new all-time highs above $72,000, spurred by record-breaking weekly inflows into crypto funds.
This represents a change in course for Trump, who previously told the BBC that bitcoin “seems like a scam.”
For the first time, a major Ethereum hard fork launches on another chain first