Transaction URL: https://blockchain.com/btc/tx/5fd91b80d6159668a7c133cdf5ea2f1ac9a60145afc0ccf6b4b9e81188387fa4
- Crunch
- Global
The daily net flow of U.S. Bitcoin ETFs on October 31, 2024, reflected significant activity, particularly from BlackRock’s Bitcoin ETF (Ticker: IBIT), which saw an impressive net inflow of 12,127 BTC. This marked a substantial increase, pushing the total Bitcoin holdings for BlackRock to 429,185 BTC. Other ETFs like Fidelity’s Bitcoin ETF (Ticker: FBTC) and VanEck’s (Ticker: HODL) also saw healthy gains, adding 175 BTC and 227 BTC respectively.
Conversely, there were notable outflows in several ETFs. Bitwise (Ticker: BITB) experienced a decline of 332 BTC, while Invesco Galaxy (Ticker: BTCO) saw a reduction of 433 BTC. Grayscale’s Bitcoin ETF (Ticker: GBTC) also faced a slight outflow, losing 248 BTC.
Overall, the total holdings across all ETFs surpassed the one million BTC mark, totaling 1,003,843 BTC, with a net increase of 12,039 BTC for the day, valued at approximately $847.9 million. This indicates a robust influx of capital into Bitcoin ETFs, highlighting growing investor confidence and interest in the cryptocurrency space on that particular day.
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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They say you shouldn’t judge a book by its cover.
But you should totally judge a chain by its memes. And Solana memecoins are collectively at an all-time high.
There are 57 memecoins with at least a $75 million market cap on CoinGecko. Sixteen of those are native to Solana, 18 are on Ethereum, and the remaining 40% are scattered across chains like Base, Bitcoin, Avalanche and Binance Chain.
It turns out that this particular selection of Solana memecoins have never been valued higher: $9.84 billion on Wednesday and slightly below that today.
Ethereum memes are otherwise sitting at…
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It has now been sixteen years since the original publication of the Bitcoin whitepaper on the cryptography mailing list. Satoshi went and dropped the paper in the place it would be best received, where all of the cypherpunks and cryptography nerds who had been obsessed with digital cash systems for years hung out and regularly discussed that and other related topics.
The whitepaper was by no means even close to a comprehensive description of the Bitcoin…
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Alliance DAO continues to shape the crypto landscape as an influential accelerator, supporting Web3 innovators with high-growth potential.
With thousands of applications each year, Alliance leverages its extensive dataset to track trends and offer insights into evolving crypto sectors. This was evident in Alliance’s latest Demo Day yesterday, where a cadre of crypto prospects showcased their latest and greatest ideas to provide a snapshot of the future of crypto development.
The startup pitches jived well with Alliance’s recent report on industry trends. The report highlights…
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As the U.S. election draws near, JPMorgan analysts anticipate a Donald Trump win could amplify bitcoin’s growth, attributed to a rising trend among retail investors towards the “debasement trade.” According to a report led by Nikolaos Panigirtzoglou, retail interest has not only pushed the purchase of bitcoin and gold ETFs but also favored meme and AI tokens, indicating a robust performance in market cap.
The last two days alone have seen a remarkable $1.3 billion influx into spot bitcoin ETFs, summing up to $4.4 billion in October, marking it as the third-largest month for inflows since their inception. This surge reflects a growing preference for alternative assets among retail investors, aiming to hedge against potential currency debasement. Meanwhile, institutional involvement in bitcoin futures has seen a slowdown, suggesting a momentary pause in their market activity.
Looking ahead, JPMorgan maintains a bullish outlook on the crypto market for 2025, fueled by ongoing trends and the possible electoral success of Donald Trump. This scenario could lead to significant gains for both bitcoin and gold, propelled by a sustained retail drive toward risk assets and the debasement trade.
A press release circulating yesterday proved yet again that there’s nothing the mainstream media loves more than some crazy nut claiming to have created Bitcoin.
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In honor of White Paper Day, the latest event, billed as the unveiling of the “legal identity” of Satoshi Nakamoto, attracted a who’s who of press, including the BBC, who were caught up in the Craig Wright scandal in 2016. (Wright was later legally deemed not to be Satoshi.)
Even that burn didn’t stop their reporters…
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