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Bitcoin Etf

All articles tagged with #bitcoin etf

business6 months ago

Figma Files for IPO, Prepares for NYSE Debut

Figma, preparing for its NYSE debut under the ticker 'FIG.', disclosed a $55 million investment in a Bitcoin ETF managed by Bitwise, marking a surprising move into digital assets for the design software company. Despite Bitcoin's volatility, Figma plans to increase its holdings using stablecoins, reflecting a strategic shift as it aims to grow its financial position ahead of its public offering. The company reported strong revenue growth and a valuation of $12.5 billion, following the collapse of a planned acquisition by Adobe.

via Decrypt|
#bitcoin#bitcoin-etf#business
technology6 months ago

Cryptocurrency Markets Drop Amid Geopolitical Tensions and US-Iran Strikes

Major cryptocurrencies like ETH, ADA, and SOL declined over 1% amid escalating Middle East tensions and fears of U.S. military action against Iran, prompting a flight to safety into Bitcoin and stablecoins. Despite ETF inflows and a relatively stable year-to-date performance, market uncertainty persists due to geopolitical risks and inflation concerns highlighted by the Federal Reserve.

via CoinDesk|
#bitcoin-etf#cryptocurrency#inflation
business7 months ago

BlackRock’s Bitcoin ETF Rapidly Surpasses $70B, Setting Record Pace

BlackRock’s IBIT Bitcoin ETF became the fastest to surpass $70 billion in assets, reaching this milestone in just 341 days, making it the largest institutional Bitcoin holder with over 661,000 BTC. The ETF's rapid growth reflects strong market confidence and increasing institutional adoption, with notable investments and institutional interest, positioning it as a dominant player in the crypto investment space.

via AMBCrypto|
#aum#bitcoin-etf#blackrock
finance1 year ago

BlackRock's Bitcoin ETF Surpasses Gold Fund Amid Crypto Surge

BlackRock's iShares Bitcoin Trust ETF has surpassed its iShares Gold ETF in net assets, reaching $33.17 billion compared to the gold fund's $32.96 billion. This milestone comes amid surging investor interest, particularly following Donald Trump's re-election, which has boosted market confidence in cryptocurrencies. The Bitcoin ETF saw a record daily inflow of $1.12 billion, highlighting its dominance among spot Bitcoin ETFs, with BlackRock's fund holding over 1 million BTC.

via Decrypt|
#bitcoin-etf#blackrock#cryptocurrency
cryptocurrency-regulation1 year ago

Sen. Lummis Teases Self-Custody Plans in Crypto Regulation

Senator Cynthia Lummis is advocating for self-custody of crypto assets, challenging centralized custody practices. She emphasizes property rights as fundamental to decentralization and censorship resistance. The SEC's recent approval of Bitcoin and Ethereum ETFs indicates a positive shift in US crypto regulation, potentially paving the way for self-custodial regulations.

via CoinGape|
#bitcoin-etf#crypto-regulation#cryptocurrency-regulation
finance-cryptocurrency1 year ago

Bitcoin ETF Outflows Surpass $300 Million, Overtaking Grayscale and Setting Record Volumes

Ark Invest's 21shares's spot Bitcoin ETF, ARKB, experienced net daily outflows of $87.5 million on April 2, surpassing Grayscale's GBTC for the first time. Since the SEC approved multiple spot Bitcoin ETFs in January, Grayscale has consistently seen investors withdraw funds due to lower fees charged by other ETFs. With the upcoming halving of Bitcoin's supply, some analysts speculate that ETFs' demand for BTC could lead to a supply crunch and drive up its price, while others argue against the idea of an ETF-led "supercycle."

via Decrypt|
#ark-invest#bitcoin-etf#finance-cryptocurrency