Crypto Biz: Consolidation ramps up among crypto firms
This week’s Crypto Biz examines recent acquisitions in the crypto industry, Tether’s plans for a dirham stablecoin, and Polychain’s investment in the Bitcoin protocol Corn. Go to Source
Bitwise
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Bitwise Expands European Presence Through Acquisition of ETC Group
Bitwise Asset Management has taken a bold step into the European market by acquiring ETC Group, a London-based provider of cryptocurrency exchange-traded products (ETPs). This strategic move increases Bitwise’s assets under management to over $4.5 billion, adding nine European-listed crypto ETPs to its expanding portfolio. Bitwise Enters European Market by Acquiring ETC Group, Boosting Crypto … Read more
Market Panic: Bitwise CIO Reflects on Bitcoin’s Resilience Amid Market Turmoil
The chief investment officer at asset management firm Bitwise has addressed the current market downturn, drawing parallels with the market crash on March 12, 2020, when the Covid-19 pandemic caused global panic. “People smash the sell button for liquid assets during broad-based panics. But from my seat, today’s events play into the long-term story for … Read more
Bitwise CIO Predicts Major Bitcoin Upside — Says ‘We’re Not Bullish Enough’
Bitwise’s chief investment officer has expressed that the industry is not bullish enough about bitcoin, given the current market dynamics. He pointed to increasing political support, including Donald Trump’s proposal for a national bitcoin stockpile and various legislative initiatives, as indicators of a potential market shift and significant upside for bitcoin investors. Bitwise CIO Matt … Read more
Bitwise says ‘we’re not bullish enough’ amid political sway to crypto
Bitwise’s Matt Hougan said the idea that US politicians are even considering Bitcoin as a reserve asset is a monumental step given it felt more like a “daydream” a year ago. Go to Source
BlackRock battles Bitwise as new Ethereum ETFs struggle to gain traction
While Bitcoin ETFs saw positive momentum at launch, Ethereum ETFs struggle with significant outflows, indicating differing investor sentiment and regulatory impacts. Go to Source
Blackrock’s IBIT Propels US Spot Bitcoin ETFs to $124M Inflows on Monday
U.S. spot bitcoin exchange-traded funds (ETFs) attracted $124.13 million on Monday, elevating the total net inflows to $17.71 billion. Data indicates that $2.68 billion was traded during Monday’s sessions, with Blackrock’s IBIT emerging as the only gainer. Blackrock’s IBIT Emerges as Monday’s Sole Gainer On Monday, sosovalue.xyz stats show the 11 U.S. spot bitcoin ETFs … Read more
US Ethereum ETFs See Fourth Straight Day of Outflows
According to the latest data, the nine U.S.-based ethereum exchange-traded funds (ETFs) experienced their fourth consecutive day of outflows on Monday, amounting to a $98.29 million reduction. These outflows have pushed the cumulative net inflow into the negative, amounting to a sum of -$439.64 million since July 23. U.S. Ethereum ETFs Experience Continued Outflows, Driven … Read more
US Spot Bitcoin ETFs See $51.66M Inflows as Grayscale’s GBTC Deals With Outflows
Unlike the U.S. spot ether exchange-traded funds (ETFs), the spot bitcoin ETF equivalents experienced inflows during Friday’s trading session, totaling $51.66 million. Four funds recorded inflows, while Grayscale’s Bitcoin Trust (GBTC) saw an outflow of $26.55 million. Spot Bitcoin ETFs Garner $51.66M Grayscale’s spot ether ETF, ETHE, and its spot bitcoin ETF, GBTC, have been … Read more
US Ether ETFs See Negative Flows as Grayscale Offloads $356.26M
U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscale’s Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more than $1.5 billion in cumulative outflows. Grayscale’s Ethereum Trust Sheds $1.5B in 4 Trading Sessions The spot ether ETFs have been impacted by Grayscale’s Ethereum … Read more
