CRYPTOCURRENCY
CoinShares Reports Rising Bitcoin Mining Costs and Strategic Shifts
CoinShares' Q3 report highlights increased Bitcoin mining costs, strategic shifts, and the impact of rising energy prices and market dynamics on the industry.
Canaan Inc. Secures $50 Million in Final Tranche of Preferred Shares Financing
Canaan Inc. has completed its third and final tranche of preferred shares financing, raising $50 million to expand its North American self-mining operations.
Digital Asset Fund Flows Surge Amid FED Rate Cut
Digital asset inflows hit $321 million following a 50bp rate cut by the Federal Reserve, according to CoinShares.
Injective (INJ) Unveils New Staking ETP in Collaboration with 21Shares
Injective (INJ)collaborates with 21Shares to launch AINJ, a new staking ETP offering INJ exposure and staking rewards via traditional finance venues.
Texas Bitcoin Mining Operations Undergo Intensive Due Diligence
CoinShares' research team evaluates major Bitcoin mining facilities in Texas, highlighting innovations and industry growth.
BlackRock iShares Bitcoin Trust (IBIT) Sees Zero Inflows, Ending 71-Day Streak
BlackRock's iShares Bitcoin Trust (IBIT) has experienced a significant shift in investor sentiment, with zero inflows recorded for the first time since the introduction of Bitcoin ETFs in the US. This marks the end of a 71-day streak during which the ETF consistently attracted millions of dollars in daily investments. While other Bitcoin ETFs also experienced a slowdown in inflows, Fidelity Wise Origin Bitcoin Fund and ARK 21Shares Bitcoin ETF managed to secure inflows of $5.6 million and $4.2 million respectively.
BlackRock's iShares Bitcoin Trust Soars, CEO Fink Bullish on BTC Future
BlackRock CEO Larry Fink expresses optimism for Bitcoin as the iShares Bitcoin Trust (IBIT) records historic growth with $13.5 billion inflows in 11 weeks.
SEC Postpones Ethereum ETF Decision Amid Regulatory Scrutiny
The SEC has delayed its verdict on Hashdex and Ark 21Shares' spot Ethereum ETF applications until May 2024, signaling a cautious approach to crypto ETFs.
CoinShares Acquires Valkyrie ETF Business, Expanding U.S. Footprint
CoinShares completes its strategic acquisition of Valkyrie ETF Business, enhancing its U.S. market presence and increasing global AUM.
ProShares to Expand Cryptocurrency Offerings with Five Innovative Bitcoin ETFs
ProShares plans to launch five innovative Bitcoin ETFs, offering leveraged and inverse exposure to Bitcoin through the Bloomberg Galaxy Bitcoin Index, marking a significant development in cryptocurrency investment vehicles.