Report: Crypto Adoption To Reach 8% by 2025
According to MatrixPort, institutional interest and economic uncertainties are driving the fast global adoption of cryptocurrencies. Global cryptocurrency adoption is nearing a major milestone, with 7.51% of the world’s population now using digital currencies, according to a report from MatrixPort. The report anticipates that this figure will surpass 8% by 2025, indicating a potential transition […]
US spot Bitcoin ETFs See Biggest Monthly Outflow
The US spot Bitcoin exchange-traded funds (ETFs) have witnessed nearly $243 million in outflows due to the increasing tensions in the Middle East According to data from Farside Investors, the 11 US spot Bitcoin ETFs experienced an aggregate outflow of $242.6 million on Tuesday, October 1. This was the most significant outflow in nearly a […]
Taiwan FSC Approves Bitcoin ETF Investments
This decision comes amid rising demand for spot Bitcoin ETFs and a cautious shift in China’s cryptocurrency policies. Professional investors will soon be able to participate in cryptocurrency exchange-traded funds (ETFs), including Bitcoin ETFs, through a re-entrustment process, according to the Financial Supervisory Commission (FSC), Taiwan’s most prominent financial securities regulator. In light of the […]
Ledn: Financial Institutions Explore Bitcoin-Backed Lending
Lower interest rates and increasing crypto adoption are encouraging more financial institutions to embrace Bitcoin-backed lending. Financial institutions are increasingly entering the Bitcoin-backed lending space as Bitcoin adoption continues to grow among investment managers, while fiat interest rates become more restrictive, according to a statement by Bitcoin-backed lending platform Ledn to Cointelegraph on Sept. 25. Institutional […]
BlackRock Bitcoin ETF Requires 12 Hour BTC Withdrawal
BlackRock has filed an amendment with the SEC addressing investor concerns about Coinbase’s on-chain settlement methods for ETFs. As a result of significant investor concerns regarding Coinbase’s onchain settlement methods, the largest asset manager in the world has submitted a request for an adjustment to its Bitcoin exchange-traded fund (ETF). BlackRock filed a filing with […]