As of August 02, 2024, the net flow of Bitcoin within U.S. ETFs displays varied activity across different funds. BlackRock’s IBIT ETF leads with a net inflow of 410 BTC, bringing its total holdings to 343,387 BTC. Conversely, Grayscale’s GBTC saw a small net outflow of 10 BTC, reducing its holdings slightly to 241,275 BTC.

Significant movements include Fidelity’s FBTC, which experienced a substantial outflow of 765 BTC, and ARK Invest’s ARKB, which saw a net decrease of 354 BTC. Bitwise’s BITB also recorded a negative net flow, losing 327 BTC, and Invesco Galaxy’s BTCO dropped by 41 BTC.

On a positive note, Grayscale Bitcoin Mining Trust’s BTC fund reported an inflow of 276 BTC, highlighting some investor confidence. Both VanEck’s HODL and Valkyrie’s BRRR ETFs reported no change in their holdings.

The cumulative total for all U.S. Bitcoin ETFs on this date stands at 913,516 BTC. Overall, there was a net outflow of 811 BTC, equating to a decrease in value of approximately $51.2 million. This snapshot illustrates a mixed but predominantly cautious sentiment among investors within the U.S. Bitcoin ETF 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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Bitcoin’s recent price action has been a rollercoaster of highs and lows. However, even though bitcoin has set a new all-time high and had two years of a near-constant positive trajectory, we’re yet to see a consistent influx of retail investors. The potential for a surge in retail participation and the possibility of elevating the bitcoin price to unprecedented levels are prospects that many investors are anxiously anticipating. In this article, we’re going to explore when we might see these retail investors dive back into the bitcoin pool and whether their return could indeed propel BTC to even greater heights.

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Morgan Stanley, a leading Wall Street bank, is setting a new precedent by allowing its financial advisors to offer Bitcoin ETFs to select clients. Starting this Wednesday, around 15,000 advisors can recommend BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to those who qualify. This strategic move caters to the surging client interest in Bitcoin and positions the bank at the forefront of cryptocurrency adoption within the traditional financial sector.

The bank’s criteria for client eligibility remain stringent; only those with a net worth of at least $1.5 million, a high-risk tolerance, and a keen interest in speculative investments will have access to these Bitcoin ETF offerings. Moreover, these investments will be confined to taxable brokerage accounts, excluding retirement accounts. Morgan Stanley’s decision to monitor Bitcoin exposure closely underscores its cautious approach to this volatile asset class.

As other major banks like Goldman Sachs, JPMorgan, and Wells Fargo continue to impose restrictions on Bitcoin ETF offerings, Morgan Stanley’s initiative could signal a shift towards broader acceptance and integration of Bitcoin in mainstream finance, paving the way for similar moves by other financial institutions.

Multisig is a familiar concept for most in Bitcoin: a multisig transaction requires approval from multiple parties before it can be executed. We distinguish between “n-of-n” multi-signatures, where the number of involved parties is n, and they all need to approve, and “t-of-n” threshold signatures, where only a smaller number t of participants need to approve. Cryptographic schemes like MuSig, MuSig-DN and MuSig2 for multi-signatures and FROST by Komlo and Goldberg for threshold signatures can reduce transaction cost and improve privacy of multisig wallets.

So far, in the Bitcoin Community FROST has only been used in experimental implementations. In this post, we explain why this is the…

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In a significant move among major Wall Street banks, Morgan Stanley will soon allow its financial advisors to offer Bitcoin ETFs to certain clients, CNBC reports. Starting Wednesday, the firm’s 15,000 advisors can pitch BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients.

BREAKING: Morgan Stanley tells wealth advisors they can pitch #Bitcoin ETFs, CNBC reports. pic.twitter.com/2tgSeR2yEm

— Bitcoin Magazine (@BitcoinMagazine) August 2, 2024

Morgan Stanley’s move is in response to high client demand for Bitcoin. However, the bank is still maintaining a cautious approach to Bitcoin: only clients with a net worth of at least $1.5 million, a…

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Ethereum’s monthly returns reflect a dynamic and fluctuating market over the year. January began with a modest increase of +0.13%, setting a cautious but positive tone. February saw a substantial surge of +46.2%, indicating strong market confidence and investor interest during that month. March maintained positive momentum with a +9.14% return.

April, however, experienced a significant downturn with a -17.3% return, followed by a rebound in May with a notable +24.8%. June’s performance dipped slightly by -8.62%, and July continued this downward trend with a -5.97% return, highlighting ongoing market volatility.

Looking at broader performance metrics, Ethereum’s 3-month return stands at +2.01%, and the year-to-date (YTD) return is +30.71%, suggesting overall growth despite short-term fluctuations. Over the past 6 months, Ethereum has gained +37.8%, and the 1-year return is an impressive +72.03%, demonstrating significant long-term value appreciation.

These monthly returns illustrate the complex and rapidly changing nature of the Ethereum market, influenced by various factors from investor sentiment to broader economic conditions.

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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Bitfarms, a prominent Bitcoin mining company, recently announced a notable 34% rise in earnings month-over-month, following significant upgrades and expansions in its mining operations. July’s figures were particularly striking, with the company mining 253 BTC valued at approximately $16.2 million, compared to 189 BTC ($12.1 million) in June. This boost is attributed to an impressive fleet enhancement and a sharp increase in operational efficiency.

Continuing its upward trajectory, Bitfarms reported an operational rate of 11.1 exahashes per second at the end of July, marking a 109% increase year-on-year and a 7% rise from the previous month. Such growth underscores the firm’s strategic investment in mining technology, which has led to a substantial 36% increase in average operational exahashes from June to July.

After the Bitcoin halving event, which reduced miner rewards, Bitfarms has not only recovered but also reported a 62% increase in monthly earnings. CEO Ben Gagnon highlighted the firm’s robust operational expertise and ongoing expansions, expressing confidence in accelerating growth and enhancing shareholder value.

Source

On the main stage of Bitcoin 2024, Rep. Wiley Nickel (D-NC) shared that he’s working to have the Democrats shift to a more pro-Bitcoin and pro-crypto stance.

He told the audience at the event that he’d recently written a letter to the DNC signed by 28 Democrats, 14 of which are in Congress, advocating for a new approach to digital asset policy from the party and its presidential nominee.

Rep. Nickel explained that the new approach should include “pro-digital asset language in the party’s platform, selecting a vice presidential candidate sophisticated in digital asset policy, selecting a pro-innovation SEC chair, and engaging with the industry in a meaningful way.”

We followed up…

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