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QCP Capital observes that bitcoin (BTC) has faced erratic price fluctuations, largely attributed to the thin liquidity during the holiday period, which has limited any recent attempts at recovery. The Singapore-based crypto asset trading firm also shared its perspective for 2025, noting that analysts at QCP foresee a “key catalyst may come in January.” With … Read more
On New Year’s Eve, the spotlight was on spot bitcoin (BTC) and ether (ETH) exchange-traded funds (ETFs), which ended the year with modest gains. Bitcoin ETFs saw inflows totaling $5.32 million, while ether ETFs brought in a more impressive $35.93 million. Ethereum ETFs Shine on Dec. 31 as Bitcoin Funds Face Mixed Results On Tuesday, … Read more
Genius Group, an AI-based educational tech company, has purchased $10 million worth of bitcoin to further its “bitcoin first” strategy. The company aims to invest 90% or more of its reserves in bitcoin, striving to reach an initial target of $120 million. Genius Group Moves to Acquire $10 Million in BTC, Deepens Bitcoin First Strategy … Read more
On Monday, Bloomberg spotlighted Blackrock’s Ishares Bitcoin Trust, or IBIT, as the “greatest launch” in exchange-traded fund (ETF) history. Bitcoin Takes Center Stage as Blackrock’s IBIT Breaks Records Blackrock, the world’s largest asset manager, reached an all-time peak of $11.5 trillion in assets under management by the end of Q3 2024, thanks to significant net … Read more
Mike Belshe, CEO of Bitgo, a cryptocurrency services provider, has highlighted the growing interest among companies in adopting bitcoin as part of their reserve portfolios. Belshe remarked that the shift to a more favorable administration and the existence of ETFs have driven this change. Bitgo CEO Remarks on Change of Stance Regarding Bitcoin in the … Read more
Bitwise, one of the largest asset managers in the U.S., has filed for clearance to launch an ETF tracking the performance of companies holding bitcoin as a reserve asset. The instrument, called Bitwise Bitcoin Standard Corporations ETF, would own stocks of companies having more than 1,000 BTC. Bitwise Files Bitcoin Standard ETF Prospectus Bitwise, one … Read more
Frax Finance, the issuer of the stablecoin frax usd (FRAX), which currently holds the ninth spot among fiat-pegged tokens by market capitalization, is weighing the addition of Blackrock’s BUIDL token as a reserve backing asset. A governance vote, scheduled to wrap up on Dec. 31, 2024, will decide the proposal’s fate. FIP-418: Frax Finance Weighs … Read more
Eric Semler, chairman of Semler Scientific, has predicted that more companies will adopt the bitcoin standard, as not owning bitcoin will be considered “irresponsible.” Semler attributes the slow implementation of bitcoin as a reserve asset in public companies to the conservative approach of some institutions. Semler Scientific’s Eric Semler Predicts Bitcoin Adoption Will Keep Growing … Read more
Thursday’s rally was a welcome change after four consecutive days of total daily net outflows. Post Christmas Rally Snaps Four-Day ETF Exodus The Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21shares Bitcoin ETF (ARKB) on Thursday amassed $245 million and $187 million in daily net inflows respectively, as spot bitcoin exchange-traded funds (ETFs) saw … Read more
Strive Asset Management, co-founded by Republican Vivek Ramaswamy, has introduced a proposal for a ‘Bitcoin Bond’ exchange-traded fund (ETF). This fund aims to offer exposure to bitcoin (BTC) by investing in convertible securities, primarily from firms such as Microstrategy. Microstrategy and More: Strive Asset Management’s Bitcoin Bond ETF Embraces Crypto Giants The Bitcoin Bond ETF … Read more