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GBTC outflows overpower spot bitcoin ETF inflows
GBTC outflows overpower spot bitcoin ETF inflows

GBTC continues to experience significant outflows.Every other spot bitcoin ETF experienced net inflows yesterday.

The Block·2024/04/09 06:58
MakerDAO raises debt ceiling to $1 billion for Dai allocations in Ethena's stablecoin markets on Morpho
MakerDAO raises debt ceiling to $1 billion for Dai allocations in Ethena's stablecoin markets on Morpho

MakerDAO has raised its debt ceiling to $1 billion for Dai allocations in USDe and sUSDe markets through Morpho. It initially has planned a total allocation of $600 million of Dai to these markets.

The Block·2024/04/09 06:55
Digital Asset Investment Products’ YTD Inflows Skyrocket Above $13B
Digital Asset Investment Products’ YTD Inflows Skyrocket Above $13B

Signs of spot Bitcoin ETF hype appears to be cooling down.

Cryptopotato·2024/04/09 05:28
BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes
BTC halving to fuel ‘raging firesale of crypto assets’ — Arthur Hayes

Cryptocurrencies are headed for intense turbulence in the second half of April, spurred by the Bitcoin halving and a Fed “bag of tricks,” says the BitMEX co-founder.

Cointelegraph·2024/04/09 02:43
Flash
  • 01:27
    Citibank: Cryptocurrency will surge in 2025 due to Trump's policies and the inflow of ETF funds
    According to Bitcoin.com, Citibank analysts predict that cryptocurrencies will achieve strong growth in 2025 due to Trump's policies, increased ETF inflows, and stablecoin innovation. The breakthrough of Bitcoin exceeding $100,000 may just be the beginning. Citibank analysts expect a shift in regulation and explain that it is more of a story about removing obstacles than deregulation. This means that policies might reduce previous barriers hindering growth rather than relaxing regulations. Widespread adoption remains key for long-term success of cryptocurrencies.
  • 01:25
    BlackRock doubles its investment in IBIT through its global allocation fund
    According to reports, documents submitted by BlackRock to the U.S. Securities and Exchange Commission (SEC) show that as of October 31, its Global Allocation Fund held 430,770 shares of the Bitcoin spot ETF IBIT, with a total value exceeding $17 million. Compared with the 198,874 shares reported on July 31st, this number has increased by 117%, a significant growth pointed out by a user named MacroScope. In addition, compared to the 43,000 shares registered in the first quarter, the currently reported number of IBIT shares is more than ten times higher. The Global Allocation Fund is one of BlackRock's diversified investment products covering stocks from both US and foreign markets as well as bonds and short-term securities such as money market securities; its portfolio is adjusted regularly. Despite doubling down on its bitcoin product investments though, IBIT's share only accounts for just 0.1% within Global Allocation Fund’s total scale of $16.5 billion.
  • 01:21
    Data: 1.69 trillion BONK have been successfully destroyed, worth over 50 million US dollars
    According to SolanaFloor, after the proposal was approved by Bonk DAO, 1.69 trillion BONK from the total supply of Solana's ecological Meme coin BONK has been destroyed (worth about 52.28 million USD).
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