In Brief BlackRock’s Bitcoin ETF, IBIT, now surpasses its gold ETF, with record inflows amid a market rally. Trump’s election and Fed rate cuts fuel IBIT’s meteoric rise, intensifying Bitcoin’s status as “digital gold.” Bitcoin ETFs saw $1.38 billion in inflows, with BlackRock’s IBIT capturing $1.1 billion, far outpacing competitors. Trading data reveals that BlackRock’s…
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In Brief Grayscale launched trading on its XRP Trust, while 21Shares formally applied for an XRP ETF, marking major developments. Grayscale’s XRP Trust offers early access but may lose appeal if dedicated XRP ETFs gain approval and market traction. SEC ambiguity around XRP ETFs persists, while firms like 21Shares and Grayscale seek to establish early…
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In Brief Chainlink trader ARiHBARi says that a LINK ETF could soon launch, given that 21Shares holds 693,639 tokens and sells to institutions. 21Shares recently integrated Chainlink’s proof-of-reserves technology to attest to the assets it holds to collateralize Bitcoin ETFs. In the meantime, Chainlink CEO Sergey Nazarov envisions a post-ETF financial world, where banks will…
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In a nutshell BitMEX pioneer Arthur Hayes cautions that the expected progress of spot ETFs could prompt the downfall of Bitcoin. Hayes predicts that huge reception of Bitcoin ETFs might prompt a decrease in the immediate responsibility for. There has been a lot of speculation about BlackRock’s amended ETF filing, which called for $10 million…
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In a nutshell US Depositories continue their 2023 selloff, making yields on the 10-year depository increment to a record high of 5% that has harmed financial backers. The market had a relief as the Israel-Hamas war saw financial backers rush to Depositories as a drawn out security net, driving 10-year yields down. On the off…
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