Bitcoin, Ether Held in BlackRock ETFs Cross Those of Grayscale’s for the First Time
BlackRock is now the largest holder of the two assets in publicly traded funds.
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BlackRock is now the largest holder of the two assets in publicly traded funds.
South Korean pension fund, National Pension Service (NPS), has bought MicroStrategy (MSTR) shares worth nearly $34 million in the second quarter of this year, according to filings made public earlier this week.
Other exchanges have also withdrawn their applications, but some have re-filed.
Investment advisors including Wall Street giants Goldman Sachs and Morgan Stanley were among the biggest holders of spot ETFs as of June 30 as clients amped up their crypto allocations to a total of $4.7 billion.
The blame this time can’t be laid on macro jitters as stocks are up big again, with the Nasdaq and S&P 500 both more than erasing early August declines.
Major Wall Street firms are increasingly warming up to cryptocurrency, as evidenced by their stakes in the spot Bitcoin (BTC) … Continue reading
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The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 15, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Traders say bitcoin could drop to $55,000 in the near-term, but favorable Fed policies could set the stage for its next leg up.
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Aug. 15-21, 2024.
The previous two occasions when exchanges saw similar USDT outflows earlier this year occurred near local tops in bitcoin’s price, IntoTheBlock analysts noted.