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Financial News

Bitcoin ETF outflows deepen as ether and XRP funds quietly attract inflows

Bitcoin ETF outflows deepen as ether and XRP funds quietly attract inflows

4 weeks ago by Crypto InsightsCrypto

Bitcoin exchange-traded funds saw fresh outflows on Tuesday even as ether- and XRP-linked products drew net inflows, indicative of a growing split in how investors are positioning across major crypto assets during the latest bout of market volatility. U.S.-listed spot bitcoin ETFs recorded roughly $272… Read More

WisdomTree CEO says crypto is now a core business, nearing profitability

WisdomTree CEO says crypto is now a core business, nearing profitability

4 weeks ago by Crypto InsightsCrypto

New York — WisdomTree’s crypto business is no longer an experiment but core to the firm’s strategy and on the verge of turning profitable, CEO Jonathan Steinberg said in a fireside chat at the Ondo Summit in New York on Tuesday. “We want to continue… Read More

US BTC ETFs record biggest inflow since Jan. 14 as AUM remains near peak levels

US BTC ETFs record biggest inflow since Jan. 14 as AUM remains near peak levels

4 weeks ago by Crypto InsightsCrypto

Investors poured cash into the U.S.-listed bitcoin BTC$78,437.84 ETFs Monday, proving Wall Street still loves the cryptocurrency despite the recent price turmoil. The 11 ETFs recorded a total net inflow of $561.8 million, the largest single day buying since Jan. 14, according to data source… Read More

Here is why ETH’s ‘brutal stumble’ looks exactly like the start of the last bull run: Asia Morning Briefing

Here is why ETH’s ‘brutal stumble’ looks exactly like the start of the last bull run: Asia Morning Briefing

4 weeks ago by Crypto InsightsCrypto

Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. Crypto markets… Read More

GameStop’s (GME) Ryan Cohen moving on to other acquisition targets

GameStop’s (GME) Ryan Cohen moving on to other acquisition targets

4 weeks ago by Crypto InsightsCrypto

GameStop (GME) is plotting a high-stakes acquisition that might involve swapping out its bitcoin BTC$78,449.77 holdings for a bold bet in the consumer sector. In an interview with CNBC last week, CEO Ryan Cohen said the firm plans to acquire a publicly traded consumer company… Read More

Strategy (MSTR) acquired 855 bitcoin ahead of last week’s market crash

Strategy (MSTR) acquired 855 bitcoin ahead of last week’s market crash

4 weeks ago by Crypto InsightsCrypto

Strategy (MSTR) continued its weekly bitcoin purchases, though last week’s acquisition was relatively small. Led by executive chairman Michael Saylor, the company purchased 855 bitcoin for $75.3 million, or an average price of $87,974 each. The purchases were funded via the sale of common stock,… Read More

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