Data suggests that most of the demand for spot bitcoin ETFs has so far come from retail investors. The average trade size of BlackRock’s iShares Bitcoin Fund (IBIT), according to one source, is 326 shares, or around $13,000, suggesting that those trades were made by nonprofessional investors. Billions of dollars have flowed into spot bitcoin […]
In what could be the most pivotal year for Bitcoin since it was invented, Muneeb Ali, CEO of Trust Machines and co-creator of the Stacks blockchain, thinks the network’s scalable layer 2s are poised Read More
Fidelity’s Wise Origin Bitcoin Fund (FBTC) has seen the fifth most inflows out of all exchange-traded funds (ETFs) so far this year. The fund attracted roughly $6.9 billion since its launch on Jan. 12. Fidelity’s Read More
London-based investment firm Attestor Capital, a top holder of FTX bankruptcy claims, has filed suit against a FTX creditor who allegedly promised to sell the firm two FTX accounts, only to back out of the Read More
Crypto exchange OKX has ceased support for cryptocurrency trading pairs with Tether’s USDT stablecoin for users based in the European Union and the European Economic Area (EEA), the exchange confirmed to CoinDesk. As of Read More
Next month, the Bitcoin network will undergo its fourth halving since its launch in 2009. In honor of that occasion, CoinDesk is publishing a month-long editorial package covering everything from Bitcoin’s changing cultural scene to Read More
A leadership shakeup at crypto custody service and exchange Bakkt (BKKT) will see board member Andy Main take over as President and CEO later next week, according to a Monday press release. The current CEO Read More
Fidelity wants to give traders of its potential Fidelity Ethereum Fund the ability to stake some of the assets. The asset manager filed to launch an ethereum exchange-traded fund (ETF) in November. Other potential issuers Read More
A federal judge ruled that the U.S. Securities and Exchange Commission must pay legal costs for DEBT Box, a Utah-based crypto company the SEC brought a suit against, finding that the regulator had committed Read More
Binance CEO Richard Teng now expects the price of bitcoin to surpass his earlier estimate of $80,000 this year. The executive anticipates continued significant inflows into U.S. spot bitcoin exchange-traded funds (ETFs) as endowments and Read More
