BlackRock

The post Peter Schiff Believes MicroStrategy and BlackRock May Have To Sell Their Bitcoin appeared first on Coinpedia Fintech News Peter Schiff, a well-known crypto skeptic, shared his thoughts on the large Bitcoin portfolio of the two market giants. MicroStrategy owns 226,500 BTC, while the IBIT ETF holds 343,387.46 BTC. Schiff suggests the companies may have to sell their BTC bags. Schuff’s new post suggests that MicroStrategy may be under pressure from creditors, who may force the company to sell…

The post BlackRock Reveals Its Latest BTC Holdings Over 342K BTC appeared first on Coinpedia Fintech News BlackRock iShares Bitcoin Trust (IBIT) dominates the BTC ETF market. The asset manager has released its latest figures detailing the current holdings in Bitcoin. Notably, the total current holding stands at 342,658.96610 BTC, based on when the market price traded for $65,770 per BTC. At this value, BlackRock’s Bitcoin holding is a massive $22,537,283,282.30 as of July 31, 2024. The CEO, Larry Fink,…

VanEck Head of Digital Assets Research Mathew Sigel says Solana ETFs (exchange-traded funds) could hit markets sooner than expected. The firm’s position differs from that of BlackRock, which thinks it may be premature to have the financial instrument now. Solana (SOL) remains a formidable contender in the crypto market. It first challenged Ethereum on scalability and network fee metrics before ascending to the ETFs debate.   Solana ETFs a Growing Possibility, VanEck‘s Sigel Sigel advocates for Solana ETFs, using the…

Spot Ethereum ETFs saw surprisingly strong inflows on Tuesday, cumulatively adding over $33 million yesterday.  This comes after Grayscale’s outflows tapered down to just $120 million on Tuesday from $210 million the day before. Meanwhile, BlackRock’s ETHA ETF recorded a massive $117 million in inflows, bringing its total tally to $618 million since launch.  Great news from the Ethereum flows!Yesterday, the markets saw a net INflow of $33 million for $ETH.It explained why ETH/BTC is stronger.The outflow from the Grayscale…

Bitcoin (BTC) experienced a significant price adjustment early Tuesday as it briefly dipped below the $66,000 price level. This occurred after attempts to surpass the $70,000 mark on Monday failed. As of writing, Bitcoin recovered slightly, stabilizing at approximately $66,700. Bitcoin’s Price Shows Correction Despite Various Bullish Factors This price fluctuation coincided with notable inflows into spot Bitcoin exchange-traded funds (ETFs). On Monday, these funds saw an influx totaling $124.13 million. Among them, BlackRock’s iShares Bitcoin Trust (IBIT) stood out…

The post Bitcoin ETF Whales Likely To Invest Major Capital In BTC Acquisition: Blackrock appeared first on Coinpedia Fintech News According to Adam Back, Blockstream CEO, in a post on X, the market should anticipate institutional investors with huge buying power to dominate the market. With $5 trillion worth of funds, Bitcoin ETF whales are likely to invest a majority of the capital into Bitcoin acquisition and consolidating their positions. Analysts say that BlackRock, with its over $10 trillion AUM,…

The post Crypto Bulls Awaken! Bitcoin ETF Inflows Surge, BlackRock Dominates appeared first on Coinpedia Fintech News On July 29, Bitcoin ETFs saw a notable inflow of $124.1 million, taking advantage of Bitcoin’s recent price drop to $66,000. The standout performer was BlackRock’s IBIT ETF, which attracted a significant $205.6 million. This is the largest inflow since July 22, bringing IBIT’s total net inflows to $19.9 billion. In contrast, Grayscale’s GBTC ETF faced a $54.3 million outflow, increasing its total…

Nine spot Ethereum ETFs commenced trading on the US stock market on Tuesday, marking a pivotal moment for the crypto industry following the Securities and Exchange Commission’s (SEC) green light on Monday. Ethereum ETFs See $1B In Trading Volume On Debut James Seyffart, a senior ETF analyst at Bloomberg, described the Monday ETF launch as a “pretty big success,” according to a Fortune report. However, the initial enthusiasm was tempered by a stark comparison to Bitcoin’s ETF debut earlier this…

The post BlackRock Leads Spot Bitcoin ETFs Inflow To Highest Level In Almost 2 Months appeared first on Coinpedia Fintech News BlackRock iShares BTC Trust (IBIT) recently led other Spot Bitcoin ETFs to their highest daily net inflows in almost two months. This development is significant for ETFSwap (ETFS), considering how much funds could flow through its ecosystem when its beta platform launches soon.  BlackRock Accounts For Most Of Net Inflows For Spot Bitcoin ETFs Data from Farside investors shows…