Monday marked the end of a 12-day sequence in which spot Bitcoin exchange-traded funds (ETFs) received $6.6 billion, as they saw a net outflow of $131.35 million. In a single day, ARKB, which is owned by ARK Invest, lost $77.46 million, the most outflow. Then, according to SoSoValue statistics, GBTC
In a dramatic change of attitude, the biggest bank in the world, JPMorgan Chase, is proposing to lend customers using Bitcoin and Ethereum as security. This follows CEO Jamie Dimon’s earlier statements labeling Bitcoin a “fraud” and threatening to terminate traders involved with the cryptocurrency. Clearer regulatory standards in the
As an example of the crypto industry’s persistent drive toward conventional financial markets, digital asset custodian BitGo has submitted papers to seek an initial public offering (IPO) in the US. In anticipation of an initial public offering (IPO) of its Class A common stock, BitGo said on Monday that it
Michael Saylor’s Bitcoin treasury company, Strategy, has acquired 6,220 BTC for $739.8 million, according to a U.S. SEC Form 8-K filing. The firm made the purchase between July 14 and 20 at an average price of $118,940 per coin. This brings Strategy’s total Bitcoin holdings to 607,770 BTC, worth approximately
With $4.4 billion inflows, crypto funds set a new weekly record, as Ether ETP gains of $6.2 billion surpassed totals for 2024. Crypto investment products had record-breaking inflows last week, continuing a streak of rises that now stands at fourteen weeks. Surging ETP Demand According to CoinShares’ report on Monday, global exchange-traded
While requiring thorough comprehensive suitability, the Thai securities regulator is looking for public feedback on proposed new regulations that would make knowledge testing easier for cryptocurrency investors. Investors who have already passed the proposed initial coin offering laws will be able to skip the recurrent knowledge test. This is according
The UK is reportedly eyeing the sale of over 5 billion British pounds ($6.7 billion) worth of seized Bitcoin. In order to help fill a deficit in the country’s budget. The Home Office and the head of the country’s Treasury, Rachel Reeves, are working with law enforcement to sell off
It is still too soon to say if the easing of Bitcoin’s hold on the $4 trillion cryptocurrency market will result in a prolonged period of momentum for altcoins, according to experts in the industry. Altcoin Rally Gains Momentum Several analysts believe that a so-called altcoin season cannot begin unless
As Bitcoin reached new highs this week, sentiment platform Santiment found that almost half of all crypto-related conversations on social media were about it. This dominance might indicate a local peak and a possible short-term downturn. Santiment analyst Brian Quinlivan stated in a report on Wednesday that there was an
Michael Saylor recently hinted that he is planning to buy Bitcoin soon by posting the Strategy (formerly MicroStrategy) portfolio tracker. In an effort to maintain its recent purchasing momentum, the company’s holdings had surpassed a key milestone in the last week. Following the founder’s hint to an impending acquisition, Michael
