By Wayne Jones BlackRock has facilitated more than $5 billion in Bitcoin-for-ETF-share swaps from private wallets into its IBIT fund, after cutting the minimum size for such in-kind transactions to $1 million in July. The shift gives investors a way to keep Bitcoin exposure while moving custody into a regulated ETF structure, with security concerns […]
Tag: MSBT
Key highlights: Bitcoin spot ETFs have recorded four straight days of positive net inflows. Total monthly inflows are at $800 million, with experts pointing to the Coldcard hack as the trigger. Eric Balchunas noted that Bitcoin ETFs are a worthy alternative for long-term Bitcoin investing. Bitcoin spot ETFs have started August with a bang, raking […]
Key highlights: The BTC price remains trapped between $63.7K support and $66.5K resistance. Morgan Stanley’s spot Bitcoin ETF has surpassed $400 million in assets under management. CoinCodex projects the BTC price could reach $69,240 over the next month. Bitcoin has been keeping bulls and bears in frustration for many weeks. The BTC price is currently […]