Category: Fiat

Tight Race in US Bitcoin ETF Market

The competition for dominance in the U.S. Bitcoin exchange-traded fund (ETF) market is intensifying, with the leading funds jostling for the top position. Grayscale Bitcoin Trust (GBTC) currently holds the crown with $18.7 billion in assets under management (AUM), equivalent to about 297,000 Bitcoin. Despite this, GBTC is facing significant pressure from BlackRock’s iShares Bitcoin […]

Stripe Integrates Avalanche for Crypto Expansion

Stripe, a leading payments processor, is intensifying its commitment to the cryptocurrency sector with its latest move to integrate Avalanche, marking another significant stride towards embracing blockchain technology. This development follows closely on the heels of Stripe’s recent announcement that it now supports USD Coin (USDC) stablecoin payments, signalling a broadening of its crypto capabilities. […]

Stripe Re-enters Crypto with USDC Payments

Stripe, the prominent payments processor, announced its renewed engagement with the cryptocurrency world, revealing plans to enable merchants to receive payments in USD Coin (USDC) starting this summer. This development marks a significant stride for the San Francisco-based firm as it once again embraces the evolving digital currency landscape. USDC, the second-largest stablecoin by market […]

Hong Kong Approves Bitcoin, Ethereum ETFs

Hong Kong’s Securities and Futures Commission (SFC) has made a significant move in the cryptocurrency market by officially approving several spot Bitcoin and Ethereum exchange-traded funds (ETFs). This development marks a notable advancement in the accessibility of cryptocurrency investments in the region. The approved ETFs include products from ChinaAMC, Harvest, and Bosera HashKey, with the […]

BlackRock’s Bitcoin ETF Nears Record Inflow Streak

BlackRock’s spot Bitcoin ETF (IBIT) continues to make headlines as it extends its daily inflow streak to 70 consecutive trading days. This remarkable trend places the ETF on a path that could see it matching the record-setting 160-day streak held by JP Morgan’s Equity Premium Income (JEPI). Since the fund began reporting its flows on […]

Grayscale Launches New Low-Fee Bitcoin Mini Trust

Grayscale Investments has unveiled its latest financial innovation, the Bitcoin Mini Trust, set to be listed on the NYSE Arca with the ticker symbol BTC. This new fund emerges as a strategic manoeuvre to offer a more cost-effective investment option in the digital asset space, boasting an impressively low fee rate of just 0.15%. Introduced […]

Hong Kong’s Bold Crypto ETF Move

Hong Kong conditionally approved the first spot Bitcoin and Ethereum ETFs, marking a significant development in the region’s financial landscape. This approval aligns with OSL’s announcement of becoming a “sub-custodian partner” for ETFs managed by China Asset Management (ChinaAMC (HK)) and Harvest Global Investment. OSL’s CEO, Patrick Pan, expressed optimism that these ETFs could herald […]

BlackRock’s IBIT ETF Surpasses $18 Billion

BlackRock’s iShares Bitcoin Trust (IBIT) has emerged as a monumental success in the world of cryptocurrency investments. Since its launch on January 11, IBIT has amassed over $15 billion in investments. This remarkable achievement highlights the growing interest and trust in Bitcoin as a viable asset class among traditional investors. The spot Bitcoin exchange-traded fund […]