DeFI News by Thebittimes.Com

BlackRock’s iShares Bitcoin Trust (IBIT) has entered the top 20 list of the biggest ETFs (exchange-traded funds) for the first time, with its assets reaching $90.7 billion. According to an X post by Bloomberg ETF analyst Eric Balchunas, IBIT is now ranked below the Vanguard Dividend Appreciation ETF (VIG US) with its $98 billion in assets, and above the Technology Select Sector SPDR Fund (XLK US) with its assets standing at $90.6 billion. That’s after BlackRock’s spot Bitcoin ETF recorded its biggest net daily inflows since Aug. 14. Analyst Says IBIT Could Enter Top 10 Around December 2026 Asked when or if IBIT could enter the top ten list, Balchunas said the milestone ”may not take long.” “It took in $40b last 12mo and went up 85%,” Balchunas wrote, estimating it could enter the top 10 around Christmas next year.  Someone asked me how long till Top 10. It is $50b away. If the last 12mo are repeated it may not take long. It took in...

The US dollar is standing on the brink of a radical change. This change has been ushered in by the rise of a multipolar order, a currency narrative that has been promoting the rise of local currencies, jeopardizing the status of the US dollar. That being said, the US dollar has also been weakening lately due to the rising US tariffs ordeals, speaking to trade war fears. This development has been battering the US dollar, ushering in violent fluctuations and volatility for the currency to encounter. This narrative has also led three financial giants to issue warnings against the US dollar, adding how the USD is now standing on the precipice of a possible collapse. Also Read: Kazakhstan Breaks OPEC Unity—Commerzbank Warns of De-Dollarization! Three Financial Giants Issue Stark Warning to USD Source: Watcher Guru Deutsche Bank, in its latest report, has issued a warning concerning the US dollar. Trump’s tariff orders have led the US markets to face heavy scrutiny, ushering in USD vola...

Homeland Security digital banking investigations have intensified as federal authorities probe Anchorage Digital Bank amid BlackRock custody expansion plans. The Department of Homeland Security’s “ El Dorado Task Force ” is contacting former bank employees about potential financial misconduct right as the crypto bank strengthens ties with Wall Street giants. Also Read: De-Dollarization: J.P.Morgan Predicts the US Dollar’s Future in 2025 How Homeland Security’s Probe of Anchorage Digital Bank Affects Cryptocurrency Regulation Source: Coinsturn Federal Scrutiny Returns After Previous Compliance Failures Source: Anchorage Digital Anchorage Digital Bank, the first federally chartered crypto bank in the US, faces investigation by Homeland Security digital banking watchdogs through their specialized El Dorado Task Force. According to Barron’s reporting, investigators have begun contacting former employees, though specific allegations remain undisclosed. This isn...

Genius Group has announced a $33 million rights offering. The company will use net proceeds from the sale to buy Bitcoin. Genius Group holds $35 million in BTC and could see holdings rise to $86 million with plans for additional $20 million loan. Publicly-listed artificial intelligence firm Genius Group plans to raise $33 million to buy additional Bitcoin (BTC) as part of its BTC treasury. Genius Group announced on Jan. 14 that the company’s board of directors had approved a rights offering plan for $33 million. The company will use net proceeds from the shares sale to purchase more Bitcoin. As well as the rights offering, Genius Group is eyeing further financing, with one or more loan options aggregating to $20 million on the table. The company’s current BTC treasury stands around $35 million, which means successful raises from the offering and via the loans option could see Genius Group’s total Bitcoin haul rise to $86 million. Bitcoin s...

US spot Bitcoin and Ethereum ETF (exchange-traded fund) outflows collectively topped $470 million yesterday. Data from Farside Investors shows that the BTC funds recorded the largest outflows, with more than $415.1 million leaving the investment products’ reserves collectively on Dec. 30. Meanwhile, ETH ETF reserves fell by $55.5 million. Fidelity Leads In Bitcoin And Ethereum ETF Outflows Both Fidelity’s BTC and ETH ETFs registered the biggest outflows. Yesterday, Fidelity’s FBTC posted $154.6 million outflows. This was after $208.6 million left the fund the day before. The next biggest outflows were posted by Grayscale’s GBTC with $134.5 million leaving the fund. Similarly, BlackRock’s IBIT, Bitwise’s BITB, Invesco’s ARKB and Grayscale’s BTC all experienced outflows. The remaining US BTC ETFs recorded no new glows. Good morning, Yesterday's Bitcoin ETF flows were negative for $415.1 milion. Fidelity had $154.6 million of outfl...

BlackRock’s Bitcoin ETF hit a record $50 billion in just 228 days. This fast growth shows how Bitcoin investment is changing, with less crypto market volatility. Bitcoin’s price rose above $100,000 as more banks and firms started investing. These changes mark a turning point for cryptocurrency security in traditional finance. $IBIT is now over $50b. It took it 228 days to reach this milestone, the next fastest ETF to reach 50b was $IEFA in 1,329 days. So over 5x faster than any ETF ever launched. Ridiculous. h/t @JackiWang17 for the data https://t.co/K9vRfAir8U — Eric Balchunas (@EricBalchunas) December 5, 2024 Also Read: Michael Saylor’s Bitcoin Masterclass: The Mainstream Era Is Here How BlackRock’s Bitcoin ETF Impacts Crypto Investments & Market Trends Record-Breaking Growth and Market Impact Source: Farside BlackRock’s iShares Bitcoin Trust (IBIT) grew five times faster than any other ETF before it. The previous record was 1,329 days, set by BlackRock...

Amid the $10 trillion asset manager’s recent foray into the cryptocurrency sector, BlackRock has officially received a license to operate in the crypto-friendly Abu Dhabi. Specifically, the firm has obtained a commercial license to operate in the capital of the United Arab Emirates (UAE), according to Bloomberg. The approval was granted Monday and reportedly reflects the asset managers expanding business interest in the region. Moreover, the report notes that the firm is also looking to gain more operational licenses, specifically for a presence in the Abu Dhabi Global Market (ADGM). Source: CNBC Also Read: BlackRock’s Spot Bitcoin ETF Officially Surpasses Its Gold ETF Spot Bitcoin ETF Issuer BlackRock Gets Abu Dhabi License At the start of the year, Bitcoin got a massive boost by becoming the first crypto-based ETF in the United States. The pursuit to get the product approved was boosted by the firms that stood behind the idea. Specifically, asset managers like BlackRock an...

Ethereum (ETH) exchange-traded funds (ETFs) have seen five consecutive days of net-positive inflows for the first time, suggesting Wall Street investors have turned bullish on ETH. Notably, the recent bullish activity has made the funds’ cumulative flows positive for the first time since the SEC’s approval. This marked a significant shift in Wall Street’s perception of Ethereum, which lagged behind Bitcoin’s (BTC) ETF demand since July. Finbold gathered ETH ETF flow data from November 6 to 12 at CoinGlass , representing the unprecedented five consecutive positive days. Interestingly, November 11 had the largest total daily inflow of $295.50 million, with BlackRock’s ETHA absorbing $101.10 million. Picks for you Crypto trader misses out on $24 million selling PNUT early for $681 loss 27 mins ago ...

BlackRock has made history, as its Spot Bitcoin ETF is now the largest BTC fund in the US. Indeed, the $9 trillion asset manager iShares Bitcoin Trust (IBIT) has officially surpassed the leading Grayscale Bitcoin Trust. Moreover, the feat was accomplished in less than 100 trading days, with BlackRock reaching $20 billion worth of BTC in that time. The development certainly speaks to the influence BlackRock maintains in the traditional finance structure, catapulting its ascension atop the market. While many had presumed that BlackRock would eventually take the lead, it assured its status following $102 million worth of inflows on Tuesday. Source: Financial News London Also Read: BlackRock Files updated 19b-4 Form for Spot Ethereum ETF BlackRock Bitcoin ETF Surpasses Grayscale in Only 100 Days When Spot Bitcoin ETF applications were being accepted, one name that stood out was BlackRock. As the largest asset management firm on the planet, it had the potential to dominate...

The largest asset manager in the world, BlackRock, has filed an updated 19b-4 form for its Spot Ethereum ETF application. Indeed, the firm had officially revised its filing with the US Securities and Exchange Commission (SEC) in response to its request for updates amid impending approvals. BlackRock was one of the most prominent asset management firms to issue spot Bitcoin ETFs earlier this year. Additionally, with Spot Ether ETFs expected to be greenlit, the firm would continue a 10-year approval streak, fortifying its impressive track record with the SEC. JUST IN: BlackRock files updated 19b-4 form for its spot Ethereum ETF. — Watcher.Guru (@WatcherGuru) May 22, 2024 Also Read: BlackRock Expects Spot Bitcoin ETF Trading By Sovereign Wealth BlackRock Submit’s Updated Ethereum ETF Filing as Approvals Near Following the approval of Spot Bitcoin ETFs in January, all eyes were on what asset could receive a similar investment option. Those hopes began to dwin...