TradFi firms disclose positions in BlackRock’s bitcoin ETF

13F filings are one way to look under the hood of some firms, so to speak. 

The filings are required by the Securities and Exchange Commission for firms with over $100 million in assets under management every quarter.

For the bitcoin ETFs, this is only the second quarter of disclosures, and so far, it looks like more firms have added to their positions. 

All of this, however, comes with the caveat that these positions are somewhat dated. The reports show the listed holdings as of June 30, which is nearly two months ago. 

But, even if they’re slightly dated, they give important insight into who was interested in the bitcoin ETFs and what the appetite looked like as of the end of…

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Coinbase shifts focus back to Europe after return to Hawaii

Coinbase’s move to reenter Hawaii is reflective of a broader trend toward crypto regulatory clarity around the globe, Chief Policy Officer Faryar Shirzad told Blockworks. 

Now able to offer its services in all 50 states, Coinbase shifts its focus back to the European Union and the United Kingdom, Shirzad added.  

This isn’t Coinbase’s first foray into Hawaii. The company offered its products to the state’s residents years ago. But it left the state in 2017, after Hawaii — under its Money Transmitter License Regime — would have required Coinbase to maintain a fiat-equivalent balance for every crypto asset it held for clients.

“So essentially a two-for-one custody…

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Daily US Bitcoin ETFs Net Flow Analysis (As of August 15, 2024)

The daily net flow of Bitcoin ETFs in the U.S. on August 15, 2024, reveals significant movements within the market. Leading the activity, BlackRock’s IBIT ETF experienced a net inflow of 46 BTC, solidifying its position with a substantial total of 348,609 BTC held. In stark contrast, Grayscale’s GBTC saw a significant net outflow of 480 BTC, reducing its holdings to 231,853 BTC.

Other noteworthy movements include Fidelity’s FBTC, which reported a net outflow of 306 BTC, and Invesco Galaxy’s BTCO with a decrease of 420 BTC. Meanwhile, Franklin Templeton’s EZBC ETF bucked the trend with a net inflow of 58 BTC.

In sum, the day concluded with a net outflow of 1,315 BTC across these ETFs, leaving the combined holdings at 906,634 BTC, valued at roughly $53.9 billion. This snapshot underscores the volatile nature of Bitcoin investments within the ETF space, reflecting varied levels of investor confidence and strategic repositioning in the market.

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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LATEST: Chainlink Tools Facilitate Millions of Transactions on Base Network

Chainlink, a leading blockchain oracle network, has announced the availability of its entire product suite on Base, the Ethereum layer-2 network incubated by Coinbase. This integration includes Data Streams and Verifiable Random Function (VRF) products, providing developers with advanced tools to build next-generation decentralized applications.

Base’s Head of Product, Tom Vieira, expressed excitement about the integration, emphasizing that it equips developers with the necessary infrastructure to innovate within the DeFi space. The inclusion of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Price Feeds further strengthens Base’s platform, enabling high-throughput DeFi products with fast, secure execution.

Base has quickly become a prominent player in the Ethereum layer-2 ecosystem, processing over 4 million transactions in a single day. The addition of Chainlink’s cutting-edge solutions is expected to accelerate this growth, offering a robust and efficient environment for DeFi developers.

Source

Bitcoin’s Impact on Financial Evolution

Bitcoin is positioned as a transformative force in the financial sector, much like how Amazon, Netflix, Uber, Airbnb, and YouTube have revolutionized their respective industries. Amazon redefined retail with its expansive online marketplace, making products easily accessible worldwide. Netflix transformed entertainment by popularizing streaming, which has changed how content is consumed. Uber revolutionized transportation by making ride-sharing a ubiquitous service, altering personal and public transit dynamics.

Similarly, Airbnb changed the landscape of hospitality by allowing homeowners to rent out their properties, providing an alternative to traditional hotels. YouTube has reshaped education and entertainment, offering a platform where anyone can upload content and share information globally.

In this transformative lineup, Bitcoin is set to change money itself. It introduces a decentralized financial system, offering a digital currency that operates independently of traditional banking structures. Bitcoin’s impact is seen as inevitable in a world that is rapidly moving towards digital solutions for every aspect of daily life, suggesting a future where digital currency is as commonplace and influential as e-commerce or on-demand video.

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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Crypto Behemoth Coinbase Enters The Bitcoin DeFi Arena

A short and cryptic tweet sparked a frenzy in X circles late Tuesday night when leading global exchange Coinbase hinted at plans to enter the wrapped Bitcoin market. The initial speculation was quickly validated by senior employees who corroborated their excitement for further integration of the Bitcoin asset into the company’s on-chain ecosystem.

 Other observers have highlighted the strategic nature of the decision following a tumultuous week for current market favorite, BitGo’s wBTC. The latter has long been regarded as the easiest and most popular method for Bitcoin investors to gain exposure to DeFi products.

With the industry’s attention on Bitcoin-native alternatives, the…

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Marathon Digital snags more BTC after shift to ‘full HODL approach’ 

Marathon Digital wasted no time buying more bitcoin after revealing last month it would adopt a “full HODL approach.”

The bitcoin miner purchased 4,144 BTC between Aug. 12 and Aug. 14 for $249 million, at an average cost of $59,500 per bitcoin according to the company.

The bitcoin purchase came the same week Marathon closed its offering of 2.125% convertible senior notes due in 2031. The sold notes’ aggregate principal amount was $300 million.

Prior to the most recent purchase, Marathon bought $100 million worth of the asset a few weeks ago. The company noted in a press release at the time it would retain all bitcoin that it mines and would “periodically make strategic open…

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Is Bitcoin a Good Investment

In a world plagued by economic uncertainty, rampant inflation, and increasingly centralized control over financial systems, a new asset class called Bitcoin has risen to power.

Many, tired of the current economic conditions, have turned to Bitcoin, but still the question “Is Bitcoin a good investment?” can be heard.

Bitcoin, often referred to as “digital gold,” offers a unique opportunity for individuals to secure their wealth, preserve purchasing power, and potentially achieve financial sovereignty in ways that traditional assets simply cannot.

But to answer the question properly, we need to dive into what makes Bitcoin fundamentally different from any other…

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