Finance Cryptocurrency News

"BlackRock's Bitcoin ETF Surges to Top 5 in US ETP Capital Inflow"

BlackRock's iShares Bitcoin Trust (IBIT) has quickly become one of the top five exchange-traded funds (ETFs) of 2024 based on inflows, with $3.2 billion year-to-date. Meanwhile, Bitcoin traded in a tight range, ether gained 2%, and altcoin Hedera Hashgraph (HBAR) climbed 5% after announcing a partnership with the Saudi Ministry of Investment Association. Monero's XRM lost 8% following a 30% slump prompted by Binance's decision to stop listing the privacy token. Additionally, liquidity provider B2C2 secured regulatory approval in Luxembourg as a virtual asset service provider (VASP) to expand its presence in the European Union ahead of the EU's implementation of Markets in Crypto Assets (MiCA) regulation.