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 […]
Bitcoin ETFs See $28.6M Inflows Following Days of Outflow
On September 9, the US spot Bitcoin exchange-traded funds (ETFs) experienced a net inflow of $28.6 million, deviating from the 8-day streak of outflows. BlackRock’s iShares Bitcoin Trust (IBIT) experienced its third-ever day of net outflows totaling $9.1 million. This is the smallest outflow on record, with the largest being $36.9 million on May 1 […]
US Regulators Conduct Heavy Investigation On Uniswap
US regulatory bodies are targeting crypto firms, including Uniswap; there is a delay in a decision on an eco Bitcoin ETF. A recent enforcement action in the United States has heightened the scrutiny of decentralized finance (DeFi) protocols, primarily within a regulatory gray zone. Regulators once more targeted the decentralized trading platform Uniswap for allegedly […]
BlackRock’s Bitcoin ETF Sees Second-Ever Outflow of $13.5M
BlackRock’s Bitcoin ETF has experienced its second-ever day of outflows as the price of Bitcoin slipped below $59,000. BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) has experienced its second outflow since its launch in January. The IBIT ETF recorded a net outflow of $13.5 million on August 29, which marks its second outflow since it […]