Tue, July 28

Crypto Market Fundraising Hits $2.4B in Q1 2024 Amid Institutional Inflows

Fundraising in the cryptocurrency market reached $2.4 billion in the first quarter of 2024, thanks to a shift in market mood and fresh inflows. According to a recent PitchBook analysis, the cryptocurrency sector saw a huge increase in investment numbers quarter-on-quarter. The bull market in Q1, during which cryptocurrency values

May 18, 2024 2 mins read

Spot Bitcoin ETFs Thrives Back as May Inflows Offset April Outflows

Bloomberg’s senior ETF analyst Eric Balchunas claims that the withdrawals from spot bitcoin ETFs last month were compensated for by the inflows in May. Balchunas stated: “The bitcoin ETFs have put together a solid two weeks with $1.3 billion in inflows, which offsets the entirety of the negative flows in

May 18, 2024 2 mins read

Turkey’s Governing Party Proposes Crypto Regulation Bill to Parliament

On May 16, the governing party of Turkey sent a crypto bill draft to parliament. The bill is in line with global norms and focuses on crypto service provider registration and licensing. The goal of the proposed bill is to make the Capital Markets Board (CMB) in Turkey the go-to

May 17, 2024 2 mins read

Bitcoin ETFs Trading Volume Witnesses Surge as BTC Price Holds Strong

Nearly 1,000 U.S. corporations have purchased Bitcoin exchange-traded funds (ETFs), contributing to Bitcoin’s surge in volumes among its new institutional investment products. Daily spot Bitcoin volumes surpassed $5 billion, according to data published to X on May 16 by research company Santiment. Since Bitcoin reached a record high of $73,800,

May 17, 2024 1 min read

Vanguard’s New CEO Rules Out Launch of Spot Bitcoin ETF

U.S. investing behemoth Vanguard’s new CEO has said that the firm would not be launching a spot Bitcoin (BTC) exchange-traded fund. An interview with Salim Ramji, the new CEO of Vanguard and a former head of BlackRock’s global ETF division, was published in Barron’s on May 15. Ramji said that

May 16, 2024 1 min read

Millennium Management Drives Bitcoin ETF Boom with $2 Billion Investment

In a recent disclosure to the United States Securities and Exchange Commission (SEC), Millennium Management, a prominent global investment management firm, unveiled its substantial investment in spot Bitcoin Exchange Traded Funds (ETFs). According to the filing, Millennium’s Bitcoin ETF holdings make up 3% of its $64 billion fund as of

May 16, 2024 2 mins read

U.S Spot Bitcoin ETF Sees $100.5M Inflow, Boosting Investor Confidence

Starting the week on a strong note, the U.S Spot Bitcoin ETF space seems to be maintaining its momentum. After recording three days of outflows last week, the U.S Spot Bitcoin ETF has seen an inflow of approximately $170 million during the first two days of this week. On the

May 15, 2024 2 mins read

El Salvador Mines $29 Million in Bitcoin with Volcano Energy

El Salvador continues to solidify its position as a leading Bitcoin-centric nation, showcasing impressive strides in both Bitcoin mining and green energy initiatives. Recent reports indicate that the country has significantly bolstered its Bitcoin reserves, with the latest figures revealing a substantial increase. According to records, El Salvador has mined

May 15, 2024 2 mins read

Michael Novogratz Led Galaxy Digital’s Q1 Revenue Surges Around 214%

The record achievement of Galaxy Digital Holdings’ mining operation during Q1 contributed to the company’s increased revenue and earnings, which were driven by the surge in crypto prices.  The financial services company led by Michael Novogratz that specializes in digital assets said on Monday that its net income for the

May 15, 2024 1 min read

CoinShares Reports Record Q1 2024 Revenue Following Bitcoin ETF Launch

The first quarter of 2024 was a record-breaking one for European asset management CoinShares, thanks to the rebound in markets after the introduction of Bitcoin ETFs. The period’s revenue for the firm was 19.5 million pounds ($24.5 million), up 216% from the first quarter of 2023. There was a total

May 15, 2024 1 min read