Transaction URL: https://tronscan.org/#/transaction/1c8b90efa9d40aa31a8ac629f72f8fdec199e3168d833b1764c5dabe28a48330
- Crunch
- Global
On January 31, 2025, the Bitcoin ETF market in the U.S. experienced a significant net inflow of 6,204 BTC, far surpassing the 450 BTC of new bitcoin mined that day. This substantial positive flow indicates strong investor demand and confidence in Bitcoin, as purchases and retentions greatly exceeded the amount of newly available coins.
BlackRock’s Bitcoin ETF (Ticker: $IBIT) led the charge with a remarkable gain of 3,048 BTC, underscoring robust investor trust in BlackRock’s management of Bitcoin assets. Fidelity’s Bitcoin ETF (Ticker: $FBTC) also showed strong performance, adding 1,987 BTC, suggesting that investor appetite for Bitcoin remains vigorous within Fidelity’s offerings.
Grayscale’s Bitcoin Trust (Ticker: $BTC) experienced substantial inflows as well, adding 1,019 BTC, while ARK’s Bitcoin ETF (Ticker: $ARKB) and the smaller Bitwise Bitcoin ETF (Ticker: $BITB) contributed with increases of 120 BTC and 218 BTC, respectively. However, not all funds saw gains; Invesco Galaxy’s Bitcoin ETF (Ticker: $BTCO) faced an outflow of 237 BTC, which could indicate specific investor movements or strategic adjustments within that fund.
Overall, the day’s activities highlight a pronounced optimism in the Bitcoin ETF sector, with significant capital inflows suggesting that investors are bullish about the future prospects of Bitcoin. This trend also illustrates the growing mainstream acceptance of Bitcoin as a viable investment asset, even outpacing the creation of new coins by a considerable margin.
Disclaimer: Market capitalizations and data 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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Genius Group Limited has announced a strategic rights offering to bolster its Bitcoin treasury. By issuing rights to its shareholders effective January 24 each shareholder is entitled to purchase shares at a significant discount aiming to raise up to $33 million. This move underscores the company’s commitment to a Bitcoin-first approach enhancing its financial agility in the cryptocurrency market.
The offering promises additional purchasing options through an over-subscription right allowing shareholders to buy extra shares beyond their basic entitlement. This initiative not only incentivizes current investors but also aims to attract new shareholders who wish to leverage potential gains in the thriving crypto economy.
With plans to expand its Bitcoin holdings from $45 million to an impressive $100 million the company is setting a robust example in the integration of cryptocurrency into traditional business models. The targeted increase through rights sales and potential loans reflects a confident stride towards a dominant Bitcoin treasury position.
MicroStrategy has significantly increased its preferred stock issuance from $250 million to a whopping $584 million under the symbol STRK. The move by the Nasdaq-listed firm involves the sale of 7.3 million shares priced at $80 each with a goal of netting $563.4 million in financing. This strategic adjustment reflects a bullish stance on Bitcoin as the company aims to bolster its cryptocurrency reserves.
Series A perpetual preferred stock now carries a liquidation price of $100 per share offering an 8% annual dividend. This can be paid in cash or converted to common stock which stands as a robust incentive for investors. The conversion rate is set ambitiously at $1,000 per share showcasing a firm commitment to future growth and stability in the cryptocurrency sector.
Set to finalize by February 5 2025 the issuance has the backing of major financial players including Barclays and Moelis & Company. Currently MicroStrategy holds about 190000 Bitcoins and this new capital infusion is targeted towards expanding these holdings further solidifying its position as a major player in the cryptocurrency investment sphere.
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