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Financial News

Grayscale’s DOGE, XRP ETFs to Go Live on NYSE Monday

Grayscale’s DOGE, XRP ETFs to Go Live on NYSE Monday

2 months ago by Crypto InsightsCrypto

Grayscale’s two new crypto exchange-traded funds (ETFs) will go live on NYSE Arca on Monday, offering U.S. investors simplified access to DOGE$0.1399 and XRP for the first time through regulated public markets. The Grayscale Dogecoin Trust ETF (GDOG) and Grayscale XRP Trust ETF (GXRP) are… Read More

Fanatics Enters Prediction Markets via Crypto.com Partnership

Fanatics Enters Prediction Markets via Crypto.com Partnership

2 months ago by Crypto InsightsCrypto

Sports merchandiser Fanatics is moving into the prediction markets business through a partnership with Crypto.com, CEO Michael Rubin said in an interview with CNBC on Thursday. The new platform is expected to launch “in the next couple weeks,” Rubin added, though he did not share… Read More

BTC ETFs Register Record $3.79B Outflow in November

BTC ETFs Register Record $3.79B Outflow in November

2 months ago by Crypto InsightsCrypto

The 11 spot bitcoin BTC$85,533.71 exchange-traded funds (ETFs) listed in the U.S. have collectively registered outflows totaling $3.79 billion, marking the largest on record and surpassing the previous peak outflow of $3.56 billion in February. BlackRock’s bitcoin ETF, IBIT, the world’s largest publicly-listed fund, has seen redemptions… Read More

Tether’s Gold Hoard Surges to 116 Tons, Rivals Small Central Banks

Tether’s Gold Hoard Surges to 116 Tons, Rivals Small Central Banks

2 months ago by Crypto InsightsCrypto

Investment bank Jefferies said the recent surge in gold prices can’t be explained by traditional drivers alone and points instead to Tether as a major new buyer. Attestation data and on-chain activity show that the stablecoin issuer has accumulated substantial bullion in recent months, tightening… Read More

Abu Dhabi Sovereign Wealth Fund Tripled BTC Bet Before Market Drawdown

Abu Dhabi Sovereign Wealth Fund Tripled BTC Bet Before Market Drawdown

2 months ago by Crypto InsightsCrypto

Al Warda Investments, an investment vehicle overseen by the Abu Dhabi Investment Council (ADIC), more than tripled its holdings of BlackRock’s iShares Bitcoin Trust ETF (IBIT) in the third quarter as bitcoin BTC$91,630.84 headed toward October’s record high. The 230% increase took its investment to… Read More

Market Turns Defensive as BTC Loses Its Bid

Market Turns Defensive as BTC Loses Its Bid

2 months 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. Bitcoin… Read More

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