BlackRock’s IBIT ETF now holds almost 50,000 BTC as AUM hits $2 billion
BlackRock’s IBIT ETF now holds almost 50,000 BTC as AUM hits $2 billionThe rapid accumulation reflects the strong investor interest but also marks a significant moment in the integration of digital assets into mainstream finance.
Happy Saturday!The global crypto market cap is $1.62 trillion, with a 24-hour volume of $43.5 billion. The price of Bitcoin is $41,866.99, and BTC market dominance is 50.8%. The price of Ethereum is $2,270.23, and ETH market dominance is 16.9%. The best-performing sector is BRC20, which gained 8%. The Crypto Fear & Greed Index is currently Neutral (55). Top News
BlackRock’s IBIT ETF now holds almost 50,000 BTC as AUM hits $2 billionThe rapid accumulation reflects the strong investor interest but also marks a significant moment in the integration of digital assets into mainstream finance. Bitcoin breaks past $42k, hitting a five-day highBitcoin ETF flows and upgrades to Coinbase's stock rating are likely at play. Bitwise executive confirms ETF received $400 of unsolicited BitcoinCTO Hong Kim denied that any problems could arise from those funds. More NewsOneCoin lawyer sentenced to 10 years in prison over laundering $400 millionLocke Lord LLP's former lawyer sentenced for laundering millions from OneCoin fraud. PayPal to launch AI-powered productsAt least three of the firm's six newly-announced tools will harness AI.
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Why BlackRock Bitcoin holdings increased as prices dropped
Friday, January 26, 2024
When ETF shares are sold it does not necessarily lead to a decline in AUM if those shares are not redeemed by APs.
OnChainMonkey introduces KARMA tokens, aims to bolster ecosystem with strategic airdrop
Thursday, January 25, 2024
OnChainMonkey pushes ecosystem expansion with KARMA token launch and strategic community airdrops.
Grayscale GBTC investors still in profit with average cost basis 20% below current prices
Wednesday, January 24, 2024
Data suggests 70% of Grayscale holders remain profitable at current levels with an average cost of $27.82.
Bitcoin falls below key $40k threshold amid continued sell off
Tuesday, January 23, 2024
The decline to around $40000, Bitcoin's lowest level since mid-December of the previous year, has been driven by a sustained sell-off amid a series of macroeconomic and market-specific factors.
Bitcoin ETFs buy 95,000 BTC as assets under management hit $4 billion
Monday, January 22, 2024
Growing investor appetite evident as "Newborn Nine" Bitcoin ETFs accumulate $4 billion in assets under management.
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