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Bitcoin and Ethereum ETFs Bleed for a Seventh Day as Blackrock’s IBIT Sheds $445 Million

U.S. spot bitcoin and ether exchange-traded funds (ETFs) recorded a seventh consecutive day of net outflows on June 26, with bitcoin products alone shedding $445 million in a single session.…

Continue ReadingBitcoin and Ethereum ETFs Bleed for a Seventh Day as Blackrock’s IBIT Sheds $445 Million

Blackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate

Blackrock, the world’s largest asset manager, told financial advisors that a bitcoin allocation of roughly 1% to 2% can serve as a “complementary diversifier” in long-term portfolios, framing the digital…

Continue ReadingBlackrock Says Bitcoin’s Role Is Evolving, Calls a 1%-2% Portfolio Allocation Appropriate

A16z-Linked Wallet Pulls 25,560 ETH Worth $42.6 Million Off Binance, Onchain Data Shows

A wallet linked to venture capital giant Andreessen Horowitz (a16z) withdrew 25,560 ether (ETH), worth about $42.62 million, from Binance, a move that landed as ether trades at $1,672. Tracking…

Continue ReadingA16z-Linked Wallet Pulls 25,560 ETH Worth $42.6 Million Off Binance, Onchain Data Shows

Franklin Templeton Files New Bitcoin DRIP ETFs That Turn Stock Dividends Into BTC

Franklin Templeton has proposed two ETFs that pair broad U.S. stock exposure with a rules-based bitcoin allocation tied to dividend reinvestment. Proposed ETFs Blend US Stocks With Systematic Bitcoin Exposure…

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