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Outflows from Grayscale’s bitcoin fund GBTC spiked Thursday, but inflows into U.S.-listed spot bitcoin ETFs remained positive, led by another strong day for BlackRock’s ETF.
Crypto is classified as a commodity in Indonesia and is subject to VAT and income tax.
Wright returned to the stand in the U.K. COPA trial to defend accusations of forging doctoring emails he’d sent his former lawyers.
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.
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