Live Feed

BlackRock's IBIT Sheds $291M in a Day, as Bitcoin ETFs Pull Back

BlackRock's IBIT experienced a significant outflow of $290 million, the largest single-day redemption since August. This reflects a temporary shift in institutional sentiment amidst macroeconomic uncertainties, rather than a long-term decline in demand. Despite the outflow, total ETF inflows in October reached $3.61 billion, slightly exceeding September’s $3.53 billion. Analysts suggest these fluctuations are linked to market reactions to recent economic data and Federal Reserve comments rather than a structural reversal in institutional interest. Market sentiment remains cautiously optimistic, as future inflows could improve if macro conditions stabilize. Overall, the dynamics indicate a recalibration of investor strategies in response to external economic factors while underlying interest in Bitcoin remains intact.

Source 🔗

Record $1.26B Outflow Hits BlackRock Bitcoin ETF as Bearish Options Cost Soars

BlackRock's Bitcoin ETF, IBIT, has encountered a monumental net outflow of $1.26 billion in November, marking the most significant withdrawal since its inception in January 2024. This outflow comes amidst a price decline of 16%, bringing the share price down to $52, a level not seen since

Mastercard Picks Polygon to Bring Verified Usernames to Self-Custody Wallets

Mastercard has announced its collaboration with Polygon to introduce a system allowing users to send cryptocurrencies using verified usernames instead of lengthy wallet addresses. This new feature, referred to as the Mastercard Crypto Credential, aims to enhance security and user-friendliness in crypto transactions. By utilizing the services of Mercuryo, a

Bitcoin Dominance is Bleeding With Price, But Market Observers Say Altcoin Season is on Hold

Bitcoin's recent decline in price and dominance rate indicates a broader market deleveraging rather than a straightforward rotation into altcoins. While Bitcoin has dropped nearly 16% this month, its dominance has slipped from 61.4% to 58.9%. Despite speculation about an upcoming 'altcoin season', many

Read next