Bitcoin ETF inflows surpass Ether ETF inflows as BlackRock's IBIT leads the competition
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Bitcoin ETFs have seen net inflows of $5 billion, while Ether ETFs have seen net outflows of $500 million. BlackRock's IBIT leads with over $224 million in a single day and currently holds over 350,000 BTC. Ether ETFs have taken a hit due to liquidity issues and Grayscale's $2.5 billion outflows.
Metaplanet partners with SBI VC Trade to improve Bitcoin strategy
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Japanese investment firm Metaplanet has announced a partnership with SBI VC Trade, a subsidiary of financial services giant SBI Group. The partnership will strengthen Metaplanet's Bitcoin strategy, including compliance. Metaplanet has acquired 360 Bitcoin (BTC) as it strives to become 'Asia's MicroStrategy'. In an announcement on September 2, Metaplanet stated that...
Federal Reserve rate cut boosts interest in Bitcoin and cryptocurrencies
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# Interest rate cut by the US Federal Reserve increases interest in Bitcoin and cryptocurrencies The interest rate policy of the US Federal Reserve, also known as the Federal Reserve (Fed), has far-reaching implications for the economy and financial markets. Arguably one of the most notable consequences is the growing interest in Bitcoin and other cryptocurrencies. In this blog post, we want to explore the...