Tag Archives: BlackRock’s IBIT

Bitcoin Addresses Holding Over 0.1 BTC Haven’t Grown in Two Years, What Does This Mean?

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Since Bitcoin’s launch, the number of addresses holding more than 0.1 BTC has climbed steadily through every market cycle, until now. Data shows that addresses in this cohort haven’t grown at all over the past two years, breaking a trend that held for more than a decade.  The stagnation indicates a change in how smaller… Continue reading Bitcoin Addresses Holding Over 0.1 BTC Haven’t Grown in Two Years, What Does This Mean?→

BlackRock Expands Crypto Reach: BUIDL Fund Goes Multi-Chain Across These 5 Blockchainsc

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Crypto ETF issuer and asset manager BlackRock announced on Wednesday the expansion of its USD Institutional Digital Liquidity Fund (BUIDL) to include five new blockchain ecosystems: Aptos, Arbitrum, Avalanche, Optimism, and Polygon.  Initially launched on the Ethereum network in March 2024, BUIDL rapidly gained traction among investors, becoming the largest tokenized fund globally regarding assets… Continue reading BlackRock Expands Crypto Reach: BUIDL Fund Goes Multi-Chain Across These 5 Blockchainsc→

US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details

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Spot Bitcoin ETFs launched the fourth quarter of 2024 on a turbulent note ending the week with a net negative outflow of over $300 million. This development occurred in tandem with Bitcoin’s bearish start to October in which it declined over 6% in the first five days of the month. Related Reading: US Spot Bitcoin… Continue reading US Spot Bitcoin ETFs Open Q4 2024 With $300 Million Weekly Outflows – Details→