Category: Fiat

Pantera Capital’s $100M Bet on Bitwise Ethereum ETF

Crypto index fund manager Bitwise Asset Management revealed that Pantera Capital Management LP plans to invest $100 million in shares upon the SEC’s approval of trading for the Bitwise Ethereum ETF. This information was disclosed in a revised S-1 registration form submitted to the Securities and Exchange Commission (SEC), detailing the readiness for the potential […]

Jump Crypto Invests Heavily in Pro-Crypto PAC for 2024 Elections

Jump Crypto has significantly increased its investment in a political action committee (PAC) dedicated to promoting pro-crypto candidates in Congress, with a new $10 million contribution. This brings the total donation from the Chicago-based investment firm to $15 million. As of Wednesday, this funding boost has helped the affiliated PACs, including Fairshake, amass nearly $169 […]

Turbulence in U.S. Bitcoin ETF Markets Amid Price Fluctuations

The U.S. spot Bitcoin ETFs have experienced significant net outflows, totaling nearly $300 million in just the past two days. This financial movement coincides with Bitcoin’s price fluctuations, as it recently rebounded to $65,000 after a brief dip. According to SoSovalue, a data analytics platform, the outflows in the last two days reached $298 million. […]

President Bukele Proposes Bitcoin Investment Bank in El Salvador

El Salvador’s President Nayib Bukele is advancing his economic agenda with a groundbreaking proposal to establish a private investment bank tailored for Bitcoin investors. This initiative aims to expand the financial services available to investors beyond what traditional banks offer, potentially transforming El Salvador into a hub for digital currency investments. Salvadoran Ambassador to the […]

Crypto ETF Expansion: A Mix of Greed and Opportunity

According to Tether and WAX co-founder William Quigley, the momentum behind cryptocurrency ETFs in the United States is set to accelerate, spurred by Wall Street’s insatiable greed for new, profitable products. Following the approvals of spot Bitcoin and Ethereum ETFs, Quigley forecasts a rapid proliferation of similar products for other major cryptocurrencies like Solana and […]

Riot Platforms Increases Stake in Bitfarms Despite Rejected Takeover Bid

Riot Platforms, a major player in the Bitcoin mining industry, persists in acquiring shares of Bitfarms even after its initial takeover bid was turned down. Toronto-based Bitfarms labeled Riot’s April offer, which valued the company’s shares at $2.30 each, as undervaluing the company. This rejection came despite Bitfarms’ share price standing at $2.81 just before […]

Bitcoin ETFs See Major Outflows Amid Market Volatility

U.S.-listed bitcoin (BTC) exchange-traded funds (ETFs) experienced significant net outflows on Thursday, marking the third consecutive day of withdrawals this week. This trend is reminiscent of the substantial outflows witnessed at the end of April. Preliminary data from SoSoValue indicates that Fidelity’s FBTC recorded the highest outflow, with $106 million withdrawn. Grayscale’s GBTC saw $62 […]

U.S. Spot Bitcoin ETFs Experience Record Outflows

On June 11, U.S. spot Bitcoin ETFs witnessed a dramatic $200 million in net outflows, marking the most significant single-day loss since May 1, when outflows reached $564 million. This sharp decline in investor interest primarily affected the Grayscale Bitcoin Trust (GBTC), which saw the highest net outflows of $121 million, and the Ark Invest […]