The overall demand and interest for the spot Bitcoin ETFs in the US has returned in full force as the products have recorded an impressive streak of seven consecutive days of net inflows. On April 28, though, many showed signs of weakness, while BlackRock’s IBIT stole the show with a multi-month record. IBIT Sees Almost … Read more
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure BlackRock CEO, Larry Fink, says that the US dollar risks losing its dominance to Bitcoin, a sentiment shared by political heavyweights like Senator Cynthia Lummis. We take a look at how pro-crypto assertions like these could help rally the market and fuel … Read more
The social media buzz around Solana (SOL) has reportedly reached a fever pitch, buoyed by GameStop’s $1.3 billion Bitcoin (BTC) play and BlackRock’s recent expansion onto the blockchain. This surge in institutional interest has fueled overwhelmingly positive sentiment toward Solana, with Santiment reporting a near-record high 18:1 positive-to-negative sentiment ratio. Institutional Backing Boosts Solana’s Appeal … Read more
Key Notes BlackRock now has a Bitcoin ETP operation in the European Union. Dubbed the IB1T, the fund is domiciled in Switzerland and tradable on major Swiss bourses. The fund can create a positive upside for Bitcoin price as EU investors’ adoption may drive its growth significantly . BlackRock, the world’s largest asset manager, has … Read more
Nasdaq submits an SEC filing to allow in-kind transfers of BlackRock’s spot Bitcoin ETF, simplifying the process for authorized participants. In a filing submitted to the U.S. Securities and Exchange Commission, Nasdaq proposed on behalf of BlackRock to amend certain conditions made in the initial proposal for the iShares Bitcoin (BTC) Trust that would “allow … Read more
Nasdaq has submitted a filing on behalf of asset manager BlackRock, seeking a rule change to permit in-kind creation and redemption for its spot Bitcoin exchange-traded fund (ETF). Bloomberg ETF analyst James Seyffart said in a Jan. 24 X post that BlackRock “should have been allowed to do this from the get-go” when the BlackRock … Read more
The United States spot Bitcoin exchange-traded funds (ETFs) market is bleeding heavily as investors withdraw their funds amid BTC’s lack of price momentum. This string of withdrawals has resulted in the BlackRock iShares Bitcoin Trust (IBIT) recording its largest daily outflow since its inception almost a year ago. Data from CoinGlass’ Bitcoin ETF overview shows … Read more
Key Notes Frax Finance’s frxUSD will now be backed by the BlackRock BUIDL Fund. The DeFi project aims to bridge DeFi and CeFi with the frxUSD stablecoin. The number of stablecoin issuers is growing, with RLUSD joining the trend. Frax Finance, a well-known Decentralized Finance (DeFi) protocol, is breaking new ground in the stablecoin market … Read more
According to Bloomberg, BlackRock’s iShares Bitcoin Trust (IBIT) has set a new benchmark in the world of exchange-traded funds (ETFs) since its launch in January 2024. With over $50 billion in assets amassed in just 11 months, IBIT has achieved a feat unparalleled in the industry, outpacing traditional funds that have been operating for decades. … Read more
The Frax community has voted to pass FIP-418 to use BlackRock’s United States dollar Institutional Digital Liquidity Fund (BUIDL) as backing collateral for the Frax-USD (frxUSD) stablecoin. According to the proposal, which passed unanimously after six days of voting, the tokenized fund provides potential yield-bearing opportunities for frxUSD holders. Counterparty risk is also minimized by … Read more