Good morning! We have listed the latest news for you. Start the day with a bitcoin breakfast.

BlackRock’s spot bitcoin exchange-traded fund reached a total inflow of $15 billion yesterday. Exactly three months ago, the ETF was launched on January 11. IBIT has proven to be one of the most successful funds ever!

Bloomberg ETF analyst Eric Balchunas says:

“IBIT is up over 50% and has raised $15 billion in new money in three months. Both figures are double that of all other BlackRock ETFs, and they have 421. That’s about as hot as the iron can get.”

BlackRock’s ETF, the world’s largest asset manager, again dominated the statistics yesterday. It grew by $192 million, wiping out the $125 million outflow from Grayscale’s GBTC. The Block has created a number of clear graphs to show the developments (which do not yet include the data from yesterday, Thursday).

Hong Kong may approve exchange-traded funds (ETFs) that invest directly in Bitcoin and Ether as early as Monday.

According to Bloomberg, several sources close to the fire report this. This development would further put the city on the map as a major center for digital assets in the region

Among those likely to get the green light are an international arm of China’s Harvest Fund Management Co., and a partnership between Bosera Asset Management (International) Co. and HashKey Capital. These companies are eager to launch their spot crypto ETFs, which invest directly in the leading cryptocurrencies.

Marathon Digital CEO Fred Thiel does not expect the next halving of bitcoin to have a major impact on the price. For now, the halving is scheduled for April 19, which will reduce daily production from 900 to 450 bitcoin.

At current rates, that makes a difference of around $30 million per day and more than $10 billion per year. The latter seems a significant amount for something that will have little impact.

Spot Bitcoin ETFs tamper with the cycle
Fred Thiel believes that the launch of the Spot Bitcoin ETFs in the United States is messing with bitcoin’s normal cycle.

“I think the ETF approvals, which have been a huge success for bitcoin, have attracted a lot of capital into the market and may allow the effect of the halving to happen a bit earlier.


Leave a Reply

Your email address will not be published. Required fields are marked *