After attracting nearly $1 billion over seven trading sessions, U.S.-listed spot Bitcoin ETFs recorded their first daily net outflow since July 13. U.S.-listed Bitcoin exchange-traded funds (ETFs) ended a seven-session inflow streak on Thursday, marking their first day of net outflows since July 13. Spot Bitcoin ETFs saw $225.2 million in net outflows on Thursday, … Read more
As a court is set to consider overturning a $5 million settlement in the U.S. Commodity Futures Trading Commission’s (CFTC) case with cryptocurrency exchange Gemini, the company sent $10 million in Bitcoin (BTC) to a super political action committee (PAC) supporting President Donald Trump. According to MAGA Inc. Super PAC’s July report to the Federal … Read more
BitMine Immersion Technologies added a major position in Ethereum to its balance sheet, but market reaction shows that investors are not automatically rewarding every corporate crypto cash move. The company disclosed the purchase of 42,197 ETH, valued at approximately $73 million, in an SEC filing on July 16. The acquisition expands BitMine’s Ethereum treasury strategy … Read more
U.S.-listed Bitcoin exchange-traded funds (ETFs) are seeing renewed investor demand, but the latest streak of inflows has yet to provide enough momentum for a stronger recovery. Bitcoin ETFs saw $75.7 million in net inflows for the week ending July 17, marking a second consecutive week of positive flows. according to to SoSoValue data. The latest … Read more
The trust behind paying off creditors with ties to defunct cryptocurrency exchange FTX has announced that its next distribution of funds will begin on July 31. In a Friday notice, the FTX Recovery Trust and crypto exchange said that they would distribute approximately $900 million to applicants in the “convenience and non-convenience classes” of the … Read more