BlackRock exec says ‘perfectly normal’ as IBIT sees .3B outflows in Nov

BlackRock exec says ‘perfectly normal’ as IBIT sees $2.3B outflows in Nov

BlackRock says $2.34 billion in November outflows from IBIT are normal as demand once pushed the ETF near $100 billion. BlackRock’s spot Bitcoin exchange-traded fund (ETF) closed November under pressure after experiencing heavy withdrawals, but the asset manager remains confident in its long-term outlook for the product. Speaking in São Paulo, BlackRock business development director…

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IMF warns tokenized markets may deepen flash crashes, says governments will step in

IMF warns tokenized markets may deepen flash crashes, says governments will step in

Tokenization promises faster, cheaper markets, but the IMF warns new risks and government intervention will come with the shift to programmable finance. The IMF dropped an explanatory video on its X handle today exploring the new phenomenon of tokenized markets. The international body responsible for ensuring the stability of the international monetary system recognized the…

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BlackRock’s Bitcoin clients aren’t ‘underwriting’ the case for global payments

BlackRock’s Bitcoin clients aren’t ‘underwriting’ the case for global payments

Bitcoin being widely used for daily payments in the future is just “out-of-the-money-option value upside,” according to BlackRock’s head of digital assets Robbie Mitchnick. BlackRock’s head of digital assets, Robbie Mitchnick, said that most of the world’s largest asset managers’ clients aren’t considering Bitcoin’s use for daily payments when deciding whether to invest in the…

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BitMine sits on .7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

BitMine sits on $3.7B loss as DAT ‘Hotel California’ meets BlackRock’s staked ETH ETF

BitMine’s $3.7 billion paper loss and the falling mNAV valuations are threatening the business model of DATs, according to 10x Research. Concerns are mounting over the sustainability of corporate crypto-treasury firms as BlackRock moves forward with a staked Ether fund that analysts say could compete directly with existing digital-asset treasuries. BitMine Immersion Technologies, the world’s…

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Circle debuts Arc testnet with participation by BlackRock, Goldman Sachs, Visa

Circle debuts Arc testnet with participation by BlackRock, Goldman Sachs, Visa

Circle’s new Arc blockchain testnet launches with participation from more than 100 institutions, including BlackRock, Goldman Sachs, Visa and Mastercard. Circle, the world’s second-largest stablecoin issuer, launched the public testnet for Arc, its open layer-1 blockchain network built to bring global financial infrastructure onchain. The rollout, which Circle calls the “Economic Operating System for the…

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‘Another nail in the coffin of the original crypto spirit’: Whales ditch self-custody for ETFs

‘Another nail in the coffin of the original crypto spirit’: Whales ditch self-custody for ETFs

Wealthy Bitcoin holders are moving billions into ETFs like BlackRock’s IBIT as tax benefits and SEC rule changes drive a shift away from self-custody. Bitcoin’s self-custody era may be coming to an end as wealthy holders increasingly transfer their assets into regulated exchange-traded funds (ETFs) amid tax incentives and improving institutional infrastructure. In a Wednesday…

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BlackRock launches Bitcoin ETP as UK lifts trading ban

BlackRock launches Bitcoin ETP as UK lifts trading ban

BlackRock’s iShares Bitcoin ETP debuts on the London Stock Exchange as UK regulators ease rules on crypto-linked investment products. BlackRock has launched a Bitcoin-linked exchange-traded product (ETP) in the United Kingdom following the Financial Conduct Authority’s (FCA) decision to ease restrictions on crypto investment vehicles. On Monday, the asset manager’s website showed that the iShares…

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