Data suggests asset managers are following BlackRock into the cryptocurrency market, as European crypto ETPs experienced significant inflows in June, marking their best performance since March 2022.
Global investment giant BlackRock has positioned itself to benefit from the growing importance of digital assets, including Bitcoin, through its substantial stake in MicroStrategy, indicating a new phase of institutional adoption in the cryptocurrency market.
The supply of Bitcoin on crypto exchanges is currently at its lowest level in over half a decade, with only 5.8% of the overall supply sitting on exchange platforms, while Bitcoin is also leading in terms of address activity; meanwhile, the 10 largest addresses associated with Ethereum are holding over 35% of ETH's overall supply, likely due to smaller investors selling off their holdings during the recent market dip.
Crypto-related stocks soar as the chances of fund companies offering Bitcoin ETFs increase, though Coinbase Global faces obstacles.
Major financial institutions like BlackRock, Fidelity Investments, and VanEck applying for Bitcoin exchange-traded funds (ETFs) is a strategic marketing move that is reshaping the narrative of Bitcoin and boosting its credibility as a mainstream asset class in the eyes of seasoned financiers.
BlackRock's entry into the crypto space with its application for a Bitcoin exchange-traded fund (ETF) marks a significant turning point that dispels the notion of cryptocurrencies as a passing trend, signaling the growing institutional interest in Bitcoin and the crypto industry.
The London Stock Exchange Group plans to offer blockchain-based trading of traditional financial assets in order to make the buying, selling, and holding of these assets more efficient and transparent, without involving cryptocurrencies.
BlackRock, a major asset manager, is accused of deliberately driving down the price of Bitcoin in order to establish a better buying position for their Spot Bitcoin Exchange-Traded Fund (ETF) if it is approved, according to analyst Crypto Rover. This highlights the influence of big players in the market and reminds retail investors to be more analytical.
The top crypto exchanges in the world are dominating the market, with the eight largest platforms accounting for over 91% of market depth and 89% of trading volume, according to crypto insights firm Kaiko. Binance remains the leading exchange, with a market share of 64.3% in 2023, but liquidity is concentrated within a few exchanges, leading to concerns about decentralization. Altcoin liquidity has also suffered due to regulatory issues in the US, with Coinbase, Kraken, and Bitstamp holding the majority of altcoin liquidity.
Large institutional traders such as Jump Trading, Wintermute, and Abraxas Capital deposited significant amounts of BTC, ETH, and ARB tokens to crypto exchanges during Monday's market sell-off, potentially signaling their intent to sell or providing liquidity.
The Nasdaq stock exchange has applied to the SEC to list an Ethereum ETF offered by Hashdex, which includes a combination of spot ether holdings and futures contracts, pioneering a new approach to cryptocurrency investment under the regulatory framework.
Nasdaq is aiming to be the first US exchange to list a spot bitcoin ETF, with a focus on the approval process and the importance of a surveillance sharing agreement with a regulated market of significant size.
Cryptocurrency is seen as a solution to the lack of sustainability and investor confidence in the African fintech space, according to experts interviewed on the Hashing It Out podcast.
Coinbase, the U.S. cryptocurrency exchange operator, may invest more elsewhere if the U.S. cannot get crypto regulation right, raising questions about whether the U.S. is still the primary hub for crypto innovation and development.
U.S. crypto exchange Kraken is planning to offer stocks and ETFs for trading, potentially becoming the first crypto exchange to explore options outside of crypto assets. The exchange is aiming to launch this service by 2024.
Top NASDAQ exchange-traded funds (ETFs) provide diversified exposure to established technology companies and sectors such as consumer discretionary and healthcare, offering investors a solution to mitigate risk and invest in a portfolio of stocks rather than relying on individual companies.
