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BlackRock’s iShares Bitcoin Trust ETF (IBIT), by far the most successful of the 10 spot bitcoin exchange-traded funds, started trading on the Brazilian stock exchange B3, the company said. The asset manager announced the expansion on Thursday.
The exchange allegedly enabled funds to leave Nigeria while the country is trying to restrict capital outflows.
The controversial layer-2 network had taken $2.3 billion in deposits since November as it prepared for launch, but within 24 hours of going live, that figure had dwindled to $650 million.
The latest price moves in bitcoin (BTC) and crypto markets in context for March 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
After navigating through the first two months of 2024, certain stocks emerge as clear winners in the market. Unsurprisingly, tech … Continue reading
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Michael Saylor is celebrated for his innovative contributions to software and exceptional financial skills. With a net worth estimated at … Continue reading
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Palantir Technologies (NYSE: PLTR) has become a beacon of resilience and potential in the stock market, defying the skepticism of … Continue reading
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After defunct crypto lender Genesis was given the greenlight by a US court to sell its Grayscale Bitcoin Trust (GBTC) … Continue reading
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Despite significant steps in the acceptance of cryptocurrency and blockchain technology in the world of mainstream finance, investors are still … Continue reading
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