Stock market giant Nasdaq announced that it has officially listed BlackRock’s iShares Bitcoin Trust (IBIT), marking a substantial leap forward for the acceptance and integration of bitcoin into traditional financial markets.

On February 2, during the joint bell-ringing ceremony, Nasdaq’s Vice President of North American Markets, Kevin Kennedy, highlighted the ETF’s potential to provide investors with cost-effective and convenient access to Bitcoin. He stated:

“Through the ETF wrapper, investors can now access bitcoin cost-effectively and conveniently. IBIT helps to remove some of the obstacles and operational burdens that may prevent asset managers and financial advisors from…

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While several big names have called the launch of the Bitcoin Exchange-Traded Fund (ETF) a flop, it is still too early to make such statements. Thomas Young, the managing partner at RUMJog Enterprises, has recently outlined a compelling case for Bitcoin’s significant upward trajectory by the end of the year, based on bullish projections of the influence of Bitcoin ETF inflows.

This analysis comes at a time when Grayscale’s GBTC outflows have considerably slowed down, resulting in consistent net inflows over the past five days, ranging from $14.8 million to $247 million.

Bitcoin ETF Trends

Bitcoin ETF shares experienced a broad rise recently, marking consecutive days of gains….

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BlackRock’s iShares Bitcoin Trust (IBIT) has made waves by surpassing Grayscale’s Bitcoin Trust (GBTC) in daily trading volumes. On a historic Thursday, IBIT traded a whopping $303.4 million, edging past GBTC’s $291 million. This shift marked a pivotal moment as the first spot Bitcoin Exchange-Traded Fund (ETF) to outpace Grayscale since their January debut.

The rise of Bitcoin ETFs has become a focal point for investors. According to a recent report, the collective Bitcoin ETF applicants for the 11 available spots possess around 3.3% of the total current Bitcoin supply. As per the latest information provided by Ycharts, the circulating supply of Bitcoins stands at 19.61 million.

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$1M – $10M MarketCap:

1. Orange (ORNJ): 29%
2. DOSE (DOSE): 23%
3. Media Network (MEDIA): 18%
4. BOSagora (BOA): 10%
5. Work X (WORK): 6.8%

$10M – $100M MarketCap:

1. Arcblock (ABT): 46%
2. HELLO Labs (HELLO): 30%
3. MANTRA (OM): 22%
4. Vita Inu (VINU): 22%
5. Troll (TROLL): 20%

$100M – $1B MarketCap:

1. API3 (API3): 27%
2. Victoria VR (VR): 23%
3. dogwifhat (WIF): 18%
4. Oasis Network (ROSE): 13%
5. Magic (MAGIC): 12%

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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Victoria VR is set to revolutionize the virtual reality (VR) landscape by launching the first-ever blockchain-based metaverse app on Apple’s Vision Pro headset. This pioneering project promises ultra-realistic graphics and immersive gameplay, perfectly complementing the advanced features of the Vision Pro. Aimed at demonstrating the capabilities of Web3 technology within Apple’s latest foray into the VR ecosystem, Victoria VR’s metaverse is designed to captivate users with its digital environment and innovative in-app economy.

Leveraging the Ethereum-based VR token, Victoria VR introduces an economy that rewards users and stakers, encouraging active participation within its metaverse. This initiative is not just a leap towards blending VR with blockchain technology but also positions Victoria VR and Apple’s Vision Pro as formidable contenders in the VR domain, challenging established players like Meta’s Quest. Through this collaboration, Victoria VR is reshaping the future of virtual experiences, promising an accessible and rewarding platform for users worldwide.

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The global Ethereum (ETH) exchange-traded fund (ETF) market, valued at $5.7 billion, is predominantly led by Europe with an 81% share, showcasing the continent’s significant stake in crypto investments. The XBT Ethereum Tracker One (COINETH) stands out as the largest Ethereum ETF worldwide, holding assets close to $3.5 billion. Following closely is the XBT Ethereum Tracker Euro (COINETHE), with $511 million in assets. These funds, based on ETH futures, have pioneered the ETH ETF sector since their inception in October 2017.

Canada and Europe are key players, with the CI Galaxy Ethereum ETF (ETHX) and 21Shares Ethereum Staking ETP (AETH) highlighting the diverse investment avenues within the Ethereum ecosystem. Despite the U.S. Securities and Exchange Commission’s cautious stance, Ethereum ETFs have found a robust market in 13 countries, emphasizing the growing acceptance and investment potential of Ethereum. The landscape features 27 active Ethereum ETFs, underlining the dynamic and expanding nature of Ethereum as a cornerstone for crypto investment strategies.

Report

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

On Sunday, February 4, El Salvador’s presidential election will determine whether Nayib Bukele and his revolutionary experiment with Bitcoin will have a continued presence in the nation’s future.

Since Nayib Bukele became President of El Salvador in 2019, he has enjoyed a fairly broad base of support; he was the first man since 1984 to win independently of the nation’s two major political parties….

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In a recent statement, former President Donald Trump made it clear that, if elected for a second term, he would not reappoint Jerome Powell as the Federal Reserve Chair. Trump has expressed his dissatisfaction with the current Fed Chair’s performance, and suggests that Powell will rate cuts in attempt to give Democrats an advantage in the 2024 elections.

Trump’s criticism comes amidst concerns over inflation and the Federal Reserve’s handling of monetary policy. The former President believes that Powell’s approach has not been in the best interest of the U.S. economy. The Federal Reserve plays a crucial role in shaping economic policies and managing interest rates, impacting everything…

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With the previous articles, we found the disconnect between paid-for work and paid-for time. We also understood that if you want to get paid you have to provide work that is valuable for others. So when the person consumes the benefit of your work, the exchange happens value for value – work for sats. But what happens if the benefit that the consumer experiences is not a momentary but a continuous process? There are a few examples of this. I will start with the one that is not that captivating but still valuable.

Streaming services, like other industries, grapple with the limitations of the fiat payment system. The burden of fees and the absence of suitable technology for streaming…

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