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BlackRock’s spot ETF surpasses 500,000 bitcoin in assets under management

BlackRock’s IBIT spot bitcoin ETF has exceeded 500,000 BTC in assets under management less than a year after trading began. The fund is now approaching the $50 billion AUM mark following another $338.3 million worth of net inflows on Monday.

theblock.co • 03/12/2024 - 11:06 AM

Global Ethereum investment products hit $2.2 billion annual inflow record amid US ETF surge

Ethereum-based investment products registered $634 million worth of net inflows globally last week, led by the U.S. spot ETFs, according to CoinShares. As a result, Ethereum funds reached a new annual record of $2.2 billion in net inflows, surpassing the $2 billion peak in 2021. Meanwhile, XRP funds hit a weekly inflow record, while Bitcoin products witnessed outflows.

theblock.co • 02/12/2024 - 15:33 PM

The Daily: Human outwits Freysa AI agent to win $47,000, Hyperliquid token exceeds $5 billion FDV following airdrop and more

A human crypto user, known as “p0pular.eth,” outsmarted AI agent Freysa to win a $47,000 prize in ether by tricking it into misinterpreting its “approveTransfer” function. Hyperliquid airdropped 310 million HYPE tokens on Friday, which subsequently jumped 47% following the token generation event to $5.72, according to CoinGecko. Taiwan’s Financial Supervisory Commission is set to implement stricter anti-money laundering rules for crypto service providers on Nov. 30 — a month earlier than initially planned. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 29/11/2024 - 19:11 PM

BLACKROCK

Ethena and Securitize pitch upcoming BlackRock-fueled stablecoin in Spark's $1 billion tokenization play

Ethena and Securitize have submitted a bid for Ethena’s upcoming stablecoin USDtb in Spark’s $1 billion tokenization competition. BlackRock’s BUIDL fund will initially provide more than 90% of the stablecoin’s backing.

theblock.co • 29/11/2024 - 15:00 PM

Zodia Custody partners with Securitize to bolster institutional access to tokenized assets

Zodia Custody partners with Securitize to offer compliant custody solutions for tokenized assets like BlackRock’s BUIDL. The partnership aims to support institutional adoption of tokenized assets, according to the Zodia Custody CEO.

theblock.co • 26/11/2024 - 14:27 PM

Bitcoin ETFs lead $3.1 billion weekly inflow record into crypto investment products: CoinShares

Crypto investment products registered a record $3.13 billion worth of net inflows globally last week, led by the U.S. spot Bitcoin ETFs, according to CoinShares. The funds’ year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.

theblock.co • 25/11/2024 - 11:53 AM

The Daily: Solana hits new all-time high, XRP surges after Gensler announces SEC departure and more

Solana surged 11% on Thursday to reach a new all-time high above $263 by the end of the day amid a broader market rally fueled by Donald Trump’s election victory, sparking optimism about a more crypto-friendly U.S. administration. XRP has had one of the strongest crypto rallies over the past 24 hours, surging 32% to around $1.47 — reaching its highest price since May 2021. Ethereum futures open interest jumped 12% to a fresh high of $20.8 billion on Friday, signaling short-term bullish momentum in the derivatives market, according to analysts at CryptoQuant. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 22/11/2024 - 18:46 PM

The Daily: FTX co-founder Gary Wang avoids prison time, BlackRock's Bitcoin ETF sees unprecedented first-day options trading and more

FTX co-founder Gary Wang avoided prison time at a sentencing hearing on Wednesday, according to Inner City Press and Reuters. BlackRock’s IBIT spot Bitcoin ETF achieved nearly $1.9 billion in notional exposure during its first day of options trading on Tuesday. Bernstein analysts named Robinhood the top “crypto deregulation trade,” following Donald Trump’s election win this month, raising their HOOD share price target to $51 — around 45% upside potential. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 20/11/2024 - 18:54 PM

BlackRock Bitcoin ETF's 'unheard of' first-day options trading volume pushes BTC to new all-time high

The price of bitcoin touched the $93,900 level for the first time ever on Tuesday. BlackRock’s IBIT saw nearly $2 billion in notional exposure traded.

theblock.co • 20/11/2024 - 00:49 AM

The Daily: Trump nominates pro-bitcoin Lutnick for Commerce Secretary, Metaplanet shares jump 15% after latest BTC acquisition and more

President-elect Donald Trump has nominated the crypto-friendly Howard Lutnick to lead the U.S. Department of Commerce. Shares in the Japanese investment firm Metaplanet gained more than 15% on Tuesday after the company announced its latest bitcoin acquisition. Tokenization firm Securitize has introduced the “sToken,” a new way to gain liquidity from real-world assets while still earning a yield, using the ERC-4626 token standard. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 19/11/2024 - 20:31 PM

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