BlackRock Funds Buy Shares of its Bitcoin ETF
In the first quarter of this year, BlackRock’s income and bond-focused funds purchased shares of the company’s own Bitcoin exchange-traded fund (ETF), according to regulatory filings.
Donald Trump’s Crypto Assets Holdings Exceed $10 Million
His on-chain portfolio has now exceeded $10 million, mainly thanks to the increasing value of the MAGA (TRUMP) meme coin.
Mt. Gox Moves Funds from Cold Wallets for First Time in 5 Years
Early on Tuesday, the now-defunct cryptocurrency exchange Mt. Gox transferred approximately 107,000 Bitcoin, worth around $7.2 billion, according to data from Arkham Intelligence.
Grayscale’s Spot Ether ETF’s Daily Outflows Could Exceed $100M: Report
Kaiko predicts that Grayscale’s upcoming Ethereum ETF could see significant outflows, potentially averaging $110 million per day.
Standard Chartered: Other ETFs Will Be Launched Next Year
The next major phase for exchange-traded funds is expected to start in 2025. SOL and XRP are expected to be the next cryptocurrencies in line, according to Jeffrey Kendrick, head of research at Standard Chartered.
TD Cowen: More Crypto Funds Will Follow Ethereum ETFs’ Approval
TD Cowen’s research group at investment bank TD Cowen expected the approval of Ethereum ETFs, as it follows the earlier approval of Bitcoin ETFs this year.
Korean Regulators Under Pressure to Approve Crypto ETFs
The South Korean government faces increasing pressure to approve cryptocurrency ETFs after the SEC approved spot Ethereum ETFs in the United States, following the earlier approval of Bitcoin ETFs.
