Net inflows into newly approved bitcoin exchange-traded funds (ETFs) amount to approximately 21,000 BTC or $894 million. BlackRock's iShares Bitcoin Trust leads with 16,362 BTC, followed by Fidelity's Wise Origin Bitcoin Fund with 12,112 BTC. Grayscale's Bitcoin Trust experienced sizable outflows.
The conversion of Grayscale's Bitcoin Trust (GBTC) from a closed-end fund to an ETF, along with a reduced management fee and no longer trading at a discount to net asset value, has led to selling by GBTC holders. [ more ]
Portfolio Analysis at Scale: Running Risk and Analytics on 15+ Million Portfolios Every Day
Productizing and scaling portfolio analysis at BlackRock involves handling a vast amount of real-world portfolios.
Aladdin Wealth is a key component of BlackRock's operations, providing comprehensive portfolio analysis for wealth managers and financial advisors. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
Spot Ether ETF Applications Decisions Delayed by SEC
The U.S. SEC has delayed the applications of Grayscale Investments and BlackRock to convert their Ethereum trust products into ETFs.
The SEC has traditionally been opposed to spot crypto ETFs, and it is unclear whether the applications have progressed to the stage of addressing questions from the regulator. [ more ]
BlackRock's Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks
The SEC's approval of spot bitcoin ETFs in the U.S. may result in the largest influx of funds into a specific ETF on its first day of trading.
The iShares Bitcoin Trust (IBIT) from BlackRock could attract as much as $3 billion in inflows on its debut, setting a record for ETF history.
The approval of spot bitcoin ETFs opens up the opportunity for any investor to gain exposure to bitcoin without needing to go through a crypto exchange. [ more ]
Bitcoin ETFs Have Arrived. Here's Who Stands to Get Rich
U.S. regulators have approved spot bitcoin exchange-traded funds (ETFs), allowing people to invest in bitcoin through their brokerage for the first time.
Financial institutions like BlackRock and Fidelity have been given permission by the SEC to launch these ETFs, which track the price of bitcoin. [ more ]
BlackRock's Bitcoin ETF Now Invites Participation From Wall Street Banks
BlackRock's change to the mechanics of their spot bitcoin ETF allows Wall Street banks to play a key role by enabling them to act as authorized participants.
Banks could use cash to create new fund shares instead of cryptocurrency, which they are restricted from holding. [ more ]
Bitcoin Magazine - Bitcoin News, Articles and Expert Insights
First Mover Americas: Traders Are Turning to Ether
Derivatives market metrics suggest that traders are shifting their focus from bitcoin to ether, potentially indicating a future outperformance of Ethereum's native token.
IBM has released the IBM Hyper Protect Offline Signing Orchestrator (OSO), a cryptographic signing technology that enhances security for digital assets in cold storage. [ more ]
Crypto Fund Inflows of $293M Bring Yearly Total Above $1B: CoinShares
Cryptocurrency funds have received over $1 billion in net inflows this year, with $293 million coming in just the past week.
Bitcoin funds accounted for the majority of the net inflows last week, while Ether funds also saw a significant increase.
The rally in the crypto market is fueled by optimism about the potential approval of a spot bitcoin ETF and the application for a spot ether ETF by BlackRock. [ more ]