Author: CryptoHoppers
On Nov. 7, U.S. spot Bitcoin ETFs recorded a historic $1.38 billion in net inflows, marking the highest single-day inflow since their inception, driven primarily by BlackRock’s IBIT. According to data from SoSoValue, BlackRock’s spot Bitcoin ETF alone accounted for $1.12 billion of the total net inflows on the day, a historic high that reversed the previous two days of outflows totaling $113.3 million. IBIT’s inflows accounted for over 81% of the total $1.38 billion in net inflows recorded across the 11 U.S.-listed spot Bitcoin ETFs on that day. Following IBIT, Fidelity’s FBTC received the second-largest inflow, with $190.92 million,…
Key Takeaways BlackRock’s Bitcoin ETF saw a record single-day inflow of $1.1 billion. Total inflows for US spot Bitcoin ETFs reached $1.37 billion during the session. Share this article BlackRock’s iShares Bitcoin Trust (IBIT) recorded $1.1 billion in inflows during a single trading session, marking the largest one-day inflow among US spot Bitcoin ETFs. The total inflows across all Bitcoin ETFs reached $1.37 billion during the session.source: Farside InvestorsBlackRock’s ETF dominated the day’s activity with $1.12 billion in inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) attracted $190.9 million during the same period.The substantial ETF inflows coincided with Bitcoin’s price…
Photo Credit Tony Sellen Introduction At the intersection of traditional photography and modern digital art, Light.art has emerged as a distinctive curated platform focused on photography NFTs. With a commitment to showcasing art that resonates deeply with artists, collectors, and the community, Light.art’s mission is to highlight artwork that holds intrinsic beauty and value. Their approach to curating photography is rooted in timeless artistry principles, while boldly embracing the transformative potential of NFTs and web3. Light.art’s Curation Philosophy: More Than Just Gatekeeping Unlike traditional curators, Light.art positions its curation team not as gatekeepers but as guides within the vast and…
Donald Trump’s return to the White House may lead to the euro trading at par with the U.S. dollar. Diverging Interest Rate Policies Donald Trump‘s recently confirmed return to the White House is likely to result in the European Union’s currency, the euro, trading at par with the U.S. dollar by year-end, according to predictions […] Source link
Bitcoin is soaring on optimism that President-elect Trump will follow through on his promise to support Bitcoin and the crypto industry at large. Republicans have won control of the Senate, with the House still up for grabs. And as the future balance of power comes into focus, Wyoming Republican Senator Cynthia Lummis is promising the US will hold BTC as a strategic reserve asset. On the campaign trail, Trump promised that under his administration, the US would stop selling seized Bitcoin on the open market, and instead strategically hold the asset as an investment. The President-elect also promised to fire…
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Key Takeaways US spot Bitcoin ETFs break a three-day losing streak with $622 million in net inflows on November 6. Despite BlackRock IBIT’s largest outflow day, several ETFs, including Fidelity and ARK, led gains with substantial inflows. Share this article US spot Bitcoin ETFs attracted approximately $622 million in net inflows on November 6, ending a three-day losing streak, despite BlackRock’s IBIT experiencing its largest single-day outflow since launch.According to data from Farside Investors, the world’s largest Bitcoin ETF recorded around $69 million in net outflows yesterday, while Valkyrie’s BRRR saw over $2 million in outflows.IBIT’s loss came as a…
Election prediction markets like Polymarket have long been a unique way to gauge public sentiment, providing real-time insights based on people’s willingness to put their money where their predictions are. As we saw with the recent election, platforms like Polymarket were instrumental for many observers wanting a pulse on the election as it unfolded. However, their performance wasn’t without limitations, showing the nuanced reality of prediction markets. Polymarket: Real-Time Proxies, Not Crystal Balls Polymarket’s allure lies in its dynamism. During the recent election, Polymarket offered real-time insights as vote counts rolled in, allowing users to follow shifts in sentiment almost…
A Minnesota man, Joshua Paul Armbrust, 44, has been indicted for a “cryptojacking” scheme that exploited his former employer’s computing resources to mine ether (ETH), causing over $45,000 in damages, according to the U.S. Attorney’s Office for the District of Minnesota. Armbrust, who resigned from his job at Digital River, allegedly accessed the company’s Amazon […] Source link
The vote counting process for US Elections 2024 has begun, and as Donald Trump is shown to be leading Kamala Harris in most of the swing states, Bitcoin crossed $71,000. Bitcoin(BTC) hitting the $70,000 mark came in after last week’s slight dip with price going as low as $67,090, on November 5, after exceeding $71,000 on 1st November. However, as counting began, signs of recovery kicked in. As a result, BTC is now trading at 71,431, after a surge of 5.15% in the past day. Courtesy: Coinmarketcap As for what could be the driving force behind the recovery, for starters,…