Hong Kong Launches Its First Inverse Bitcoin ETF Product

CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already available, further establishing the city as an international crypto market. CSOP Asset … Read more

US Ethereum ETFs Hold $10.24B in Reserves Following $106M in Inflows

Based on the recent data, the nine newly introduced ethereum exchange-traded funds (ETFs) saw $106.78 million in inflows on Tuesday. Blackrock took the lead with $266.55 million in trading volume throughout the day. Blackrock Dominates Inflows as Nearly Half a Billion Exits ETHE The newly introduced ethereum ETFs performed admirably on Tuesday, registering their first … Read more

US Government Could Hold Bitcoin as Reserve Asset, Diam CEO Explains

Bryan Courchesne, CEO and founder of crypto investing firm Daim, has shared insights regarding how the U.S. government could start holding bitcoin as strategic reserve asset. “The Justice Department holds about 200,000 units of bitcoin so the United States is the largest holder of bitcoin, and so they could easily just move that over to … Read more

Multi-Billion-Dollar Asset Manager Hamilton Lane Pioneers Private Credit Fund Launch on Solana

Hamilton Lane has become the first asset manager to introduce a private credit fund on the Solana blockchain, broadening its presence in the digital asset sector. By collaborating with Web3 protocol Libre, the firm aims to make its Senior Credit Opportunities Fund (SCOPE) available to a wider range of investors. Hamilton Lane Leverages Solana for … Read more

Bitwise Reveals ENS Subnames for Ethereum ETF Reserve Wallets

On Tuesday, Bitwise Investments disclosed a collection of Ethereum Name Service (ENS) subnames for its ethereum reserve holding wallets. Bitwise emphasized that this level of transparency is unique to cryptocurrency, allowing the public to easily verify the firm’s net assets. Bitwise Leads in Transparency by Publishing Ethereum ETF Addresses At 7:50 a.m. EDT on Tuesday, … Read more

US Spot Bitcoin ETFs See Record $533.57M Inflows Ahead of Ether ETF Launch

Ahead of the spot ether exchange-traded funds (ETFs) launch, U.S. spot bitcoin ETFs experienced their 12th consecutive day of inflows, accumulating $533.57 million on Monday. This influx marked the highest gains for the 11 funds since June 4. Blackrock’s IBIT Dominates Bitcoin ETF Inflows On Monday, U.S. spot bitcoin ETFs attracted $533.57 million, the highest … Read more

Analysts Predict US Dollar Trends Amid Biden’s Withdrawal and Trump’s Lead

Analysts have commented on the U.S. dollar trend following President Joe Biden’s decision not to seek re-election, noting a slight decline in the dollar against a basket of currencies. Bank of America’s head of global foreign exchange research mentioned: “There is a growing consensus that the dollar will be stronger if Trump wins due to … Read more

Spot Ethereum ETFs Set to Launch: Blackrock Highlights Rising Demand for Digital Asset ETFs

Spot ethereum exchange-traded funds (ETFs) are set to debut on Tuesday, July 23, 2024, following approval from the U.S. Securities and Exchange Commission (SEC). Blackrock, the world’s largest asset manager, announced that its Ishares Ethereum Trust ETF (ETHA) will commence trading on Nasdaq on Tuesday, featuring a one-year fee waiver of 0.12% for the first … Read more

Barstool’s Dave Portnoy Accepts Bitcoin From Kraken in Sponsorship Deal

Barstool Sports founder Dave Portnoy has expressed his hesitation to buy bitcoin at its current price but is open to accepting the cryptocurrency as payment. He disclosed that he accepted bitcoin from crypto exchange Kraken as part of a sponsorship deal, highlighting his belief in the cryptocurrency. Dave Portnoy Embraces Bitcoin Payments Dave Portnoy, founder … Read more

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