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BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has surpassed Grayscale's Bitcoin Trust (GBTC) to become the world's largest Bitcoin ETF. As of May 28th, IBIT manages over $20 billion in assets with a holding of 288,670 Bitcoin. This exceeds
The New York Stock Exchange (NYSE) has revealed plans to introduce financial products linked to Bitcoin's spot price. The NYSE is teaming up with CoinDesk Indices to create cash-settled index options that will monitor the CoinDesk Bitcoin Price Index (XBX). The XBX, which provides a real-time spot price
Goldman Sachs has shifted its stance on Bitcoin, now praising the new spot Bitcoin ETFs as an "astonishing success" after years of skepticism. At the Consensus 2024 conference hosted by CoinDesk, Mathew McDermott, Goldman's global head of digital assets, highlighted the SEC's approval of
Bitcoin • Business • May 30, 2024Goldman Sachs has shifted its stance on Bitcoin, now praising the new spot Bitcoin ETFs as an "astonishing success" after years of skepticism. At the Consensus 2024 conference hosted by CoinDesk, Mathew McDermott, Goldman's global head of digital assets, highlighted the SEC's approval of
Bitcoin • Business • May 30, 2024BlackRock's spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has surpassed Grayscale's Bitcoin Trust (GBTC) to become the world's largest Bitcoin ETF. As of May 28th, IBIT manages over $20 billion in assets with a holding of 288,670 Bitcoin. This exceeds
Bitcoin • Business • May 29, 2024The New York Stock Exchange (NYSE) has revealed plans to introduce financial products linked to Bitcoin's spot price. The NYSE is teaming up with CoinDesk Indices to create cash-settled index options that will monitor the CoinDesk Bitcoin Price Index (XBX). The XBX, which provides a real-time spot price
Bitcoin • Business • May 29, 2024Metaplanet Inc. (TSE Standard: 3350), a publicly traded company in Japan, has announced an increase in its Bitcoin holdings. During a recent board of directors meeting, the company decided to purchase an additional ¥250 million worth of Bitcoin, equivalent to approximately $1.6 million USD. The company has outlined its
Bitcoin • Business • May 28, 2024Semler Scientific, Inc., a publicly traded company known for its healthcare solutions targeting chronic diseases, has announced a new treasury strategy. The company's board of directors has decided to adopt Bitcoin as its primary treasury reserve asset and has purchased 581 Bitcoin for a total of $40 million,
Bitcoin • Business • May 28, 2024The first Bitcoin exchange-traded products (ETPs) have started trading on the London Stock Exchange (LSE) after receiving approval from the UK's Financial Conduct Authority (FCA). Asset managers WisdomTree and 21Shares both listed Bitcoin ETPs on the LSE. Last week, the FCA authorized the listing of Bitcoin ETNs on
Bitcoin • Markets • May 28, 2024The UK's Financial Conduct Authority (FCA) has approved WisdomTree’s application to list Bitcoin and Ethereum exchange-traded products (ETPs) on the London Stock Exchange (LSE). WisdomTree's Physical Bitcoin ETPs are scheduled to start trading on May 28th and will initially be accessible only to professional investors.
Bitcoin • News • May 22, 2024Recent 13F SEC filings have unveiled that several major U.S. financial institutions are committing significant funds to Bitcoin through spot ETFs. These filings, which disclose the holdings of institutional investors with over $100 million allocated, have drawn considerable attention. Following the SEC's approval of several spot Bitcoin
Bitcoin • Markets • May 17, 2024