Amidst Bitcoin’s price surge beyond $71,000 recently, substantial inflows into the U.S.-based spot Bitcoin ETFs have restarted. Bitcoin exchange-traded funds (ETFs) saw inflows of about $500 million on Wednesday, with Fidelity’s FBTC maintaining the lead. Despite BlackRock’s long-standing dominance in spot Bitcoin ETF inflows, Fidelity’s FBTC has lately overtaken it.
June 6, 2024 1 min read
Despite a 54% decline in sales for the entire non-fungible token (NFT) market in May, digital collectibles on Bitcoin hit a new milestone. The overall sales volume of NFTs on the Bitcoin blockchain reached an all-time high of over $4 billion, according to NFT data tracker CryptoSlam, which was published
June 4, 2024 2 mins read
It appears that the U.S. Commodities and Futures Trading Commission (CFTC) is trying to bring together the digital assets sector and the traditional financial markets by adding Mo Shaikh, CEO of Aptos Labs, to its digital assets subcommittee. The CFTC’s rulemaking on international commerce and business is greatly influenced by
June 4, 2024 2 mins read
A lawmaker from Hong Kong has voiced his displeasure with the “excessively stringent” licensing requirements for cryptocurrency exchanges, claiming that these regulations have discouraged prominent international exchanges from setting up offices in Hong Kong and have lowered investor confidence. In an opinion post published on Saturday in the Hong Kong
June 3, 2024 2 mins read
A recent Harris Poll study of American voters indicated that inflation and geopolitical worries have made more and more people resort to Bitcoin. The poll, which was sponsored by Bitcoin ETF issuer Grayscale, found that one-third of American voters will think about a candidate’s position on cryptocurrency before casting their
June 3, 2024 2 mins read
With a net inflow of $48.71 million, U.S. spot bitcoin exchange-traded funds have now recorded 13 days of net inflows. Two bitcoin funds, one from Fidelity and the other from Ark Invest and 21Shares, had large movements yesterday. SoSoValue data shows that FBTC (Fidelity) led net inflows of $119 million
May 31, 2024 2 mins read
Local virtual asset trading platforms (VATPs) that have not yet completed their regulatory applications after a June 1 licensing deadline will be subject to “on-site inspections” according to the Hong Kong Securities and Futures Commission (SFC). On May 28, the SFC reminded cryptocurrency enterprises that they need to get a
May 29, 2024 2 mins read
The spot Bitcoin ETF IBIT, run by BlackRock, has surpassed Grayscale’s GBTC to become the biggest Bitcoin fund, marking a significant milestone in the industry. On May 28, the BlackRock Bitcoin ETF had inflows of above $100 million, signaling a flippening. At the time of writing, bitcoin is trading at
May 29, 2024 1 min read
Mixed reactions have been elicited by a new advertisement by Algorand foundation, which criticizes Bitcoin, Ethereum, and Solana, claiming that they are unfit for payment purposes. The commercial sparked quite a commotion due to its immense social media exposure and criticism of competition. A new commercial from the Algorand Foundation
May 25, 2024 1 min read
VanEck quickly released a 37-second commercial asking viewers to “Enter the ether” in celebration of the approval of its spot Ether exchange-traded fund (ETF). The ad went up on May 23, just after the company’s 19b-4 application for a spot Ether ETF was greenlit by the SEC. Along with other
May 24, 2024 2 mins read