The BlackRock iShares Bitcoin Trust (IBIT) has achieved a remarkable milestone by generating more annual fee revenue than the firm’s flagship S&P 500 tracker, despite being much smaller in size. The crypto fund generates an estimated $187.2 million in annual fees from its $75 billion in assets with a 0.25% expense ratio. In contrast, the […]
On July 1, U.S. spot Bitcoin ETFs experienced a significant net outflow of approximately $342 million, marking a sharp reversal in investor sentiment. This shift is marked by the first outflow since June 6, and interrupted a period of sustained demand that had pushed cumulative net inflows to about $49 billion and total ETF assets […]
Corporate treasuries have surpassed ETFs for Bitcoin purchases for a third consecutive quarter. Around 131,000 BTC was accumulated by public companies in the second quarter, growing their Bitcoin balance by 18%. Meanwhile, ETFs accumulated 111,000 BTC with an 8% increase over the same period, according to Bitcoin Treasuries. More companies are “trying to benefit from […]
Kiyosaki has always been a prominent bull for Bitcoin, and his most recent statements reinforce this thesis. He’s reminiscing as to why he did not accumulate more of the coin when the price was lower. Is Bitcoin Expensive Today? This is the question with which the prominent advisor started his most recent post on the […]
US stock markets surged last week, with major indexes approaching all-time highs on the easing of tensions in the Middle East and rising hopes for a Federal Reserve rate cut later this year. Crypto markets were a little slower to react, remaining mostly flat over the past week and into the weekend. The Fed’s preferred […]
Bakkt Holdings has filed a shelf registration with the US Securities and Exchange Commission (SEC) to raise up to $1 billion through a variety of securities offerings while considering Bitcoin purchases for its corporate treasury. The digital asset platform, backed by Intercontinental Exchange, outlined in its Form S-3 filing that it could issue common and […]
Around 140,000 Bitcoin options contracts will expire on Friday, June 27, and they have a notional value of roughly $15 billion. This event is a big one, being the end of the month and end of the second quarter, so there could be an impact on spot markets. They have been recovering since Monday’s crash, […]
The BTC.com mining pool currently dominates miner flows to Binance, as it now accounts for nearly 98% of all BTC transfers from miners to the exchange. This trend provides critical insight into miner behavior, according to the latest report by CryptoQuant. Bitcoin Miners Show Patience Historically, BTC.com increases its outflows to Binance when Bitcoin’s price […]
Spot Bitcoin ETFs have seen almost $1.5 billion in inflows so far this week as institutional investors are driving the markets. In just three trading days, aggregate inflows for US spot BTC funds totalled $1.48 billion, according to Farside Investors. Additionally, there has not been an outflow day since June 6, almost three weeks ago. […]
Bitcoin briefly dropped below $100,000 during the 12-day conflict involving Israeli and US strikes on Iran, along with retaliatory attacks on Israel and US bases in Qatar. Markets were shaken until US President Donald Trump confirmed that both Israel and Iran had agreed to a ceasefire. This announcement triggered a rebound in global risk sentiment. […]