Nasdaq seeks to allow ‘in-kind’ redemptions for BlackRock’s Bitcoin ETF
Nasdaq submits an SEC filing to allow in-kind transfers of BlackRock’s spot Bitcoin ETF, simplifying the process for authorized participants. In a filing submitted to the U.S. Securities and Exchange Commission, Nasdaq proposed on behalf of BlackRock to amend certain conditions made in the initial proposal for the iShares Bitcoin (BTC) Trust that would “allow […]
Nasdaq seeks amendment to BlackRock’s Bitcoin ETF for in-kind redemptions
The in-kind redemption model is seen as a more efficient option for the spot Bitcoin ETF and should have been allowed from “the get-go,” says an ETF analyst. Source link
BlackRock’s IBIT boosts Bitcoin holdings with 6,470 BTC
BlackRock’s spot Bitcoin ETF recently added 6,470 BTC to its holdings after the cryptocurrency dips slightly from its recent all-time high at $109k. On Jan. 21, data from BitcoinTreasuries shows iShares Bitcoin Trust holdings increased by 6,470 BTC (worth $682.43 million) reaching a total of 563,134 BTC (BTC). BlackRock’s IBIT Bitcoin holdings are currently valued […]
FalconX buys Arbelos Markets, MicroStrategy’s 21/21 plan, BlackRock’s IBIT bleeds $332m | Weekly Recap
Today’s weekly recap includes top headlines from FalconX, MicroStrategy and Coinbase. We also look at the record ETF outflows and much more. Source link
BlackRock’s IBIT bleeds $332m in record daily outflow from the BTC ETF
BlackRock’s iShares Bitcoin Trust (IBIT) recorded its highest single-day outflow on Jan. 2, as the 12 Bitcoin exchange-traded funds collectively experienced $242.3 million in outflows when trading resumed in the U.S. According to data from SoSoValue, BlackRock’s spot BTC ETF recorded $332.62 million in outflows on Thursday marking its largest-ever outflow day since its launch […]
Frax Finance opens community voting until Jan. 1 to adopt BlackRock’s BUIDL for new stablecoin
The voting period to onboard BlackRock’s USD Institutional Digital Liquidity Fund as a reserve asset for Frax Finance’s new stablecoin, Frax USD, opens on Dec. 27 until Jan. 1, 2025. Decentralized finance protocol Frax (FRAX) Finance is getting ready to launch its new stablecoin, frxUSD. But first, the protocol needs to determine whether to adopt […]
BlackRock’s Bitcoin ETF sees record outflow as funds bleed $1.5B in 4 days
BlackRock’s Bitcoin ETF has seen a record bleed on Christmas Eve amid a four-trading day streak of outflows from US Bitcoin funds. Source link
BlackRock’s Bitcoin ETF tops 500K BTC holdings worth $48B
BlackRock’s IBIT now holds 2.38% of all Bitcoin, with its latest filing showing it has 500,380 BTC on its books. Source link
