BlackRock Bitcoin ETF Acquires 5,805 BTC in 24 Hours
U.S. Bitcoin ETFs surged as BlackRock’s IBIT added $393.4 million in daily inflows, reaching $22.5 billion and surpassing competitors like Fidelity’s FBTC. This week, there has been a significant increase in demand for Bitcoin exchange-traded funds (ETFs) in the United States. BlackRock’s IBIT has reached a significant milestone, with total inflows topping $22.5 billion since […]
Glassnode Report Shows The Crypto Market Is Maturing
Coinbase and Glassnode reported on stablecoin adoption and Ethereum layer-2 scaling solutions in the cryptocurrency market. Coinbase and Glassnode published research on the cryptocurrency market on October 15, citing the rapid acceptance of stablecoins and the ongoing development of Ethereum layer-2 scaling solutions as key catalysts for the market’s maturation. In the course of this […]
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 […]