BlackRock's IBIT ETF on Track to Flip GBTC After Bitcoin Halving: Bloomberg Analyst
"GBTC currently hanging on to a $2.3 billion lead," Bloomberg Intelligence analyst Eric Balchunas wrote on Twitter. That's half what it was this time last week.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
BlackRock clients buy $54M worth of Bitcoin through IBIT ETF
IBIT's dominance in Bitcoin ETFs highlights institutional confidence but also poses risks of significant outflows during market do...
BlackRock put $209M behind Bitcoin’s rebound but can it last?
U.S. spot Bitcoin ETFs turned positive again on July 6, and the clearest question for Bitcoin is whether BlackRock's IBIT provided...
Ethereum Price Stabilizes as Tether Burns $2.5 Billion USDT Stablecoins
Ethereum is slipping by more than 2% as massive $2.5 billion USDT burn on Ethereum dragged its price prediction down. Although ETH...
Bankers file suspicious activity report over Farage’s £5M gift from Tether billionaire
The scrutiny over Farage's gift highlights growing concerns about crypto's influence in politics and the need for regulatory clari...
Reserve Bank of India favors crypto prohibition to curb tax evasion
RBI's crypto prohibition stance may stifle innovation and push crypto activities underground, complicating tax enforcement and eco...
Vaneck: Saylor’s Strategy Sold $135 Million in Bitcoin Without Tapping Its $1.25 Billion Monetization Program
Vaneck Head of Digital Assets Research Matthew Sigel says the roughly $135 million in bitcoin Strategy sold last week did not draw...