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Global crypto investment products see $305 million in weekly outflows: CoinShares

Global crypto funds faced $305 million in outflows last week due to negative sentiment driven by U.S. economic data, particularly impacting Bitcoin and Ethereum investments.

theblock.co • 02/09/2024 - 09:50 AM

The Daily: Microsoft-backed startup's $20 million raise, Aave Labs' proposed integration with BlackRock's BUIDL, MakerDAO's rebrand and more

Microsoft-backed blockchain and AI startup Space and Time raised another $20 million. Aave Labs proposed integrating BlackRock’s BUIDL with the GHO stability module. MakerDAO rebranded to Sky, with the DAI stablecoin optionally upgradeable to USDS. The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

theblock.co • 27/08/2024 - 17:52 PM

The Scoop: Crypto credit goes conservative

The crypto lending sector is recovering from the cascade of bankruptcies in 2022, but firms are approaching it conservatively. This column is adapted from The Scoop newsletter.

theblock.co • 23/08/2024 - 19:32 PM

INVESTMENT FIRMS

Grayscale unveils investment trust for Avalanche’s AVAX token

Grayscale Investments launched the Grayscale Avalanche Trust to offer accredited investors exposure to AVAX, expanding its diverse portfolio of cryptocurrency investment products.

theblock.co • 22/08/2024 - 13:00 PM

INVESTMENT FIRMS

Japan’s Metaplanet buys $3.4 million more in bitcoin to total 360 BTC

Metaplanet Inc. purchases an additional 57.273 bitcoin, bringing total holdings to 360.368 BTC as part of a strategy to counter economic pressures in Japan.

theblock.co • 20/08/2024 - 02:10 AM

Increased spot bitcoin ETF inflows from institutional investors is a 'promising' indicator: Coinbase

Coinbase's report indicates rising institutional interest in bitcoin ETFs, with significant inflows from investment advisors, suggesting a growing adoption of bitcoin as an investment.

theblock.co • 16/08/2024 - 16:42 PM

Here's how hedge funds played spot Bitcoin ETFs in Q2

Institutional investment managers file 13F reports quarterly, revealing stock holdings and recent significant investments in Bitcoin ETFs by major hedge funds amidst market fluctuations.

theblock.co • 16/08/2024 - 14:53 PM

INVESTMENT FIRMS

South Korea’s national pension fund bought $33.7 million worth of MicroStrategy shares in Q2

South Korea's NPS invested $33.7 million in MicroStrategy shares to increase bitcoin exposure, following previous investments in Coinbase, highlighting trends in bitcoin-related investments.

theblock.co • 16/08/2024 - 07:05 AM

Morgan Stanley reveals $187 million position in BlackRock's spot Bitcoin ETF, nearly sells out of GBTC in Q2

Morgan Stanley's recent SEC filing revealed significant investments in Bitcoin ETFs, including over 5.5 million shares in BlackRock's fund, totaling around $190 million in holdings.

theblock.co • 15/08/2024 - 00:37 AM

Fidelity Head of Digital Asset Management says stablecoins, tokenized Treasurys and onchain credit are areas they are exploring

Cynthia Lo Bessette of Fidelity discusses the demand for cryptocurrency ETFs, potential Ethereum staking, and the focus on tokenization, particularly in stablecoins and Treasury products.

theblock.co • 14/08/2024 - 20:11 PM

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