Category: Fiat

Wells Fargo Dips Into Bitcoin ETFs

American banking giant Wells Fargo has recently marked its entry into the cryptocurrency sector by investing in multiple Bitcoin ETFs (Exchange-Traded Funds), according to a new regulatory filing. The move underscores the growing interest from traditional financial institutions in crypto assets. The filing with the U.S. Securities and Exchange Commission (SEC) revealed that Wells Fargo […]

Spot Bitcoin ETFs See Rebound

After four weeks of sustained outflows totaling over $1 billion, spot bitcoin exchange-traded funds (ETFs) in the United States have finally seen a return to net inflows, amassing $116.8 million last week. This marked change was led predominantly by Fidelity’s FBTC and Ark Invest’s ARKB, signaling a potential shift in investor sentiment towards these investment […]

Bitcoin ETFs Smash Growth Records

The cryptocurrency investment landscape has witnessed a historic milestone as the spot bitcoin exchange-traded funds (ETFs) from BlackRock and Fidelity have shattered previous records for rapid asset accumulation. According to Bloomberg’s senior ETF analyst Eric Balchunas, these funds have amassed over $10 billion in assets under management at an unprecedented pace. BlackRock’s iShares Bitcoin Trust […]

Future of Finance: Beyond Just CBDCs

At the Financial Times Crypto and Digital Assets Summit, J. Christopher Giancarlo, the co-founder and executive chairman of the Digital Dollar Project, challenged the prevailing narrative surrounding Central Bank Digital Currencies (CBDCs). Giancarlo argued that the future of finance is not limited to CBDCs but includes crypto, stablecoins, and beyond, making a compelling case against […]

Grayscale Drops Ethereum ETF Plans

Grayscale, a leading crypto asset manager, has recently retracted its intention to launch an exchange-traded fund (ETF) for Ethereum futures, officially withdrawing its application with the Securities and Exchange Commission (SEC). Initially filed on September 19, 2023, the proposal for the Grayscale Ethereum Futures Trust ETF has faced multiple delays, with the SEC citing the […]

Bitcoin ETFs Surge with Renewed Investor Interest

Is Bitcoin exchange-traded fund (ETF) fever making a comeback? Recent financial activities suggest so. After a period marked by significant outflows, Bitcoin ETFs are experiencing a resurgence as investors enthusiastically return to these products. According to data from Farside Investors, every single fund reported positive inflows yesterday, accumulating a total of $217 million. This trend […]

PayPal Expands Crypto Services with MoonPay

PayPal is broadening its cryptocurrency reach by partnering with MoonPay, a move set to offer PayPal’s vast user base—over 426 million customers—access to an expanded array of more than 100 digital assets. This collaboration aims to streamline the crypto transaction process and navigate the common banking challenges that users face. MoonPay highlights that traditional crypto […]

BNP Paribas Dives into Bitcoin ETF

In a notable shift within the financial sector, multinational bank BNP Paribas has taken its first steps into the cryptocurrency market by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). This move was disclosed through a Form 13F filing with the U.S. Securities and Exchange Commission (SEC) on May 1, revealing that the bank acquired […]