Category: Fiat

Bitcoin Options Hit Nasdaq

The U.S. Securities and Exchange Commission has approved a rule change that allows Nasdaq’s International Securities Exchange to list and trade options on the iShares Bitcoin Trust (IBIT), BlackRock’s widely-traded exchange-traded fund. This move marks a significant step in expanding Bitcoin-linked derivative products, providing investors with new tools to manage their exposure to the world’s […]

Bitcoin ETFs Gain Momentum

Bitcoin exchange-traded funds (ETFs) are witnessing a renewed surge of interest. Recent data from blockchain analytics firm Arkham Intelligence indicates that anticipation around Bitcoin ETFs is driving market excitement. While the U.S. Securities and Exchange Commission (SEC) has yet to approve a spot Bitcoin ETF, the growing demand reflects a shifting sentiment among investors. Bitcoin […]

Bitcoin ETF Outflows Signal Cooling Investor Enthusiasm

Recent data from CoinShares indicates a significant shift in investor sentiment towards cryptocurrency, particularly Bitcoin. U.S. investors withdrew a staggering $725.7 million from crypto investment funds last week. Marking the highest weekly outflow since March. This trend contrasts sharply with European investors, who continued to inject funds into crypto during the same period. Let’s understand […]

Navigating Bitcoin ETF Withdrawals Amid Economic Shifts

Last week, investors rapidly withdrew cash from Bitcoin exchange-traded funds (ETFs), signaling a shift in market sentiment. According to a recent report by CoinShares, notable Wall Street entities like Fidelity and ARK Invest saw a collective outflow of $319 million from their Bitcoin-focused funds. In contrast, short Bitcoin investment products—those betting on the digital currency’s […]

Metaplanet Bolsters Bitcoin Strategy with SBI Partnership

Metaplanet, a leader in Bitcoin consulting and strategy in Japan, has forged a significant partnership with SBI VC Trade. The cryptocurrency-focused division of the SBI Group. This collaboration is poised to enhance Metaplanet’s corporate Bitcoin holdings and integrate more sophisticated financial strategies into its operations. Enhanced Custodial and Financial Services Through this partnership, Metaplanet will […]

Vortex Brands investment strategy: Acquires MicroStrategy Stock

Vortex Brands, a prominent Bitcoin mining company, has announced a strategic shift in its investment approach by beginning to acquire shares in MicroStrategy. This move is designed to leverage MicroStrategy’s Bitcoin-focused business model and align with Vortex Brands’ optimistic view on Bitcoin and digital assets. Strategic Acquisition On August 28, Vortex Brands revealed that it […]

Hong Kong Bitcoin ETFs Hit $272 Million in Assets

Hong Kong’s burgeoning Bitcoin ETF market has reached a new milestone, with three spot exchange-traded funds collectively amassing over HK$2 billion (approximately $272 million) in assets under management. This achievement underscores the increasing acceptance and institutional interest in Bitcoin within Asia’s financial markets. Background on Hong Kong’s Bitcoin ETFs Earlier this year, Hong Kong approved […]

Franklin Templeton Joins Avalanche

Franklin Templeton, a prominent asset manager, has expanded its innovative OnChain U.S. Government Money Fund (FOBXX) to the Avalanche blockchain. Enhancing accessibility for institutional investors through its Benji Investments platform. This move marks another significant stride in the fusion of traditional finance and cryptocurrency by enabling investments via digital wallets on a cutting-edge network. Franklin […]