Investment Giant Vanguard Blocks Clients From Buying Bitcoin ETFs
An attempt to purchase BlackRock’s iShares Bitcoin Trust (IBIT) and the Grayscale Bitcoin Trust (GBTC) through Vanguard failed.
Financial
Cathie Wood Sees Bitcoin Price Reaching $1.5M By 2030 After ETF Approval
ARK Invest’s CEO previously predicted the price to reach $1 million by 2030.
Bitcoin ETFs Stir Optimism, Ambivalence and Dread Among Crypto’s Staunchest Supporters
They make the asset class “less of a scary concept” to mainstream audiences, bitcoin advocate Jameson Lopp said.
Bitcoin ETFs Too Small to Affect Broader Investment Landscape, Moody’s Analysts Say
The exchange-traded funds will allow better access to bitcoin through regulated entities and draw institutional investors, but the crypto is still a very small asset class, CoinDesk was told.
Bitcoin Briefly Tops $49K Before Selling Off as ETF Trading Frenzy Commences
Cryptocurrency-focused stocks such as Coinbase and bitcoin miners are also down significantly since Thursday’s market open.
BlackRock’s Bitcoin ETF Could Attract a Record $3B Inflow in First Trading Day: CF Benchmarks
The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said.
Crypto for Advisors: AI, a Strategic Tool for Financial Firms
Lynda Koster from Growthential highlights the importance of strategically adopting and integrating generative AI in business, especially in financial advising, to navigate the evolving technological landscape and maintain a competitive edge.
B2B Payments Startup Paystand Acquires Mexican Peer Yaydoo
While the companies will operate independently, there is hope for cross-selling opportunities.
Crypto Lender Celsius Cuts 150 Jobs Amid Restructuring: Report
Withdrawals are still paused and the company has hired restructuring experts as it faces a financial crisis.
Grayscale, BlackRock Are Volume Leaders as Bitcoin ETFs Debut
Here’s a ranking of the 11 newly trading bitcoin ETFs, in terms of first-day trading volume.