$1M – 10M MarketCap:

1. OrangeDX (O4DX): 138%
2. apM Coin (APM): 40%
3. MetaDOS (SECOND): 20%
4. Meme AI Coin (MEMEAI): 20%
5. 5ire (5IRE): 18%

$10M – $100M MarketCap:

1. Super Trump (STRUMP): 245%
2. Lifeform (LFT): 72%
3. Octavia (VIA): 55%
4. BOB Token (BOB): 53%
5. Contentos (COS): 33%

$100M – $1B MarketCap:

1. Shentu (CTK): 102%
2. TrueFi (TRU): 29%
3. Non-Playable Coin (NPC): 29%
4. cat in a dogs world (MEW): 28%
5. Jeo Boden (BODEN): 25%

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Cathie Wood, the CEO of ARK Invest, has outlined unprecedented economic prospects for El Salvador. The country is set to clock a tenfold rise in GDP to $300 billion by 2029—all under the new, ambitious plans of President Nayib Bukele. That would be driven by the country’s embrace of Bitcoin and artificial intelligence, said Wood. Since it became a country where Bitcoin is legal tender and has pursued friendly tech policies, among other things, El Salvador’s GDP has risen by 30% to $32.4 billion in 2022.

Wood, a figure who’s become one of the highest-profile supporters of Bitcoin and El Salvador’s recent movements, just got the chance to meet with Bukele to discuss how to capitalize on this momentum of growth alongside economic experts and Bitcoin proponents. Well-known people like Bitcoin advisor Max Keiser and economist Arthur Laffer were part of the group. El Salvador is also home to one of the largest Bitcoin reserves, valued at around $396.2 million, and is now up 58.6% from when it was first purchased.

While there have been some issues with on-the-ground popularity, a recent increase in merchant acceptance from some of the largest brands in big business has upped how much Bitcoin is in use there. And, as the country continues to develop a more vibrant economic outlook and in more aggressive interactions with corporations—like its recent $500 million deal with Google—wider Bitcoin adoption becomes more feasible.

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BlackRock’s spot bitcoin exchange-traded fund (ETF), iShares Bitcoin Trust (IBIT), has overtaken Grayscale’s Bitcoin Trust (GBTC) as the world’s largest Bitcoin ETF.

As of May 28, IBIT holds over $20 billion in assets with 288,670 Bitcoin in its trust. This surpasses GBTC’s $19.7 billion in assets and 287,450 bitcoin holdings.

JUST IN: BlackRock's spot #Bitcoin ETF $IBIT passes GBTC to become the largest Bitcoin ETF in the world. pic.twitter.com/b9hgfZLmY7

— Bitcoin Magazine (@BitcoinMagazine) May 29, 2024

The flipping of fortunes comes just months after both ETFs launched on the same day in January amid a wave of SEC-approved bitcoin ETFs hitting the market. While GBTC bled funds, IBIT…

Read more on BitcoinMagazine

BlackRock’s iShares Bitcoin Trust (IBIT) has overtaken the Grayscale Bitcoin Trust to become the largest spot Bitcoin ETF globally, according to recent data. On May 28, IBIT saw an influx of $102.5 million, contrasting with a $105 million outflow from GBTC. Now, BlackRock holds a total of 288,670 Bitcoin, slightly more than Grayscale’s 287,450 Bitcoin. Industry experts note this shift marks a significant milestone in the cryptocurrency investment landscape.

A Bloomberg report highlighted that as of May 29, BlackRock’s fund amassed $19.68 billion in Bitcoin, narrowly surpassing Grayscale’s $19.65 billion. The surge in BlackRock’s Bitcoin assets reflects a broader acceptance and growing trust in cryptocurrency investments among traditional investors.

Recent SEC filings reveal that BlackRock’s own income and bond funds are investing in IBIT, signifying a strong institutional backing for the ETF. This growing support, coupled with BlackRock’s dominance in ETF inflows, underscores the increasing integration of Bitcoin into mainstream finance.

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