Live updates: BlackRock's IBIT drives $236 million bitcoin ETF outflow
Bitcoin slipped below $77,500 and every major is red on the day. The smaller crypto ETFs kept taking money while the bitcoin funds gave some back.
ETF
Zcash jumps 48% to over $800 as Grayscale spot ETF push adds to ‘next bitcoin’ buzz
ZEC traded above its January 2018 peak as futures volume hit billions of dollars and a Grayscale filing showed fresh progress toward converting its Zcash Trust into a spot ETF.
Swiss mega-bank UBS ramps up its Bitcoin exposure with a massive 24-fold surge in ETF call options
Banking giant UBS, with over $7 trillion in assets under management, has reported a more than 24-fold quarterly increase in call option exposure tied to BlackRock’s iShares Bitcoin Trust (IBIT) in the second quarter. That increase, which gives it the right to acquire IBIT shares… Read More
BTC stuck at $63,000 as ETF inflows offset selling; CPI inflation looms
Bitcoin BTC$63,691.08 barely budged on Tuesday, extending a five-week standstill as steady demand from exchange-traded funds ran into selling from miners and corporate holders. BTC slipped to around $63,500, down 0.6% over the past 24 hours. More importantly, the largest cryptocurrency remained trapped in the… Read More
Crypto market maker Wintermute lands SEC approval to trade equities and ETF blocks
Crypto market maker Wintermute has secured broker-dealer status in the U.S., giving the firm a regulated route into Wall Street as crypto trading and traditional securities markets draw closer together. New York-based Wintermute USA LLC registered with the Securities and Exchange Commission (SEC) and the… Read More
$1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF
T. Rowe Price has brought what it said is the industry’s first actively managed multi-token spot crypto exchange-traded fund (ETF) to the market. The T. Rowe Price Active Crypto ETF (TKNZ) began trading on Thursday, giving investors exposure to a portfolio of crypto assets rather… Read More