As of September 24, 2024, U.S. Bitcoin ETFs saw a net inflow of 876 BTC, raising total Bitcoin holdings to 909,900 BTC. BlackRock’s IBIT ETF experienced an inflow of 182 BTC, bringing its holdings to 357,732 BTC. Fidelity’s FBTC ETF had the largest net inflow of the day, adding 393 BTC to reach 177,460 BTC.

Grayscale’s GBTC ETF lost 27 BTC, decreasing its holdings to 221,613 BTC, while Grayscale’s BTC ETF added 213 BTC, bringing its total to 33,532 BTC. VanEck’s HODL ETF saw a gain of 114 BTC, raising its total to 11,483 BTC, and Valkyrie’s BRRR ETF experienced a minor increase of 1 BTC, now holding 8,863 BTC.

Other ETFs, such as ARK Invest’s ARKB, Bitwise’s BITB, and Invesco’s BTCO, showed no inflows or outflows for the day. The overall daily net inflow of 876 BTC, valued at $55.3 million, highlights ongoing interest in Bitcoin ETFs, with institutional investors continuing to build their holdings.

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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Company Name: LNbits

Founders: Ben Arc

Date Founded: Project: 2019 | Company: 2022

Location of Headquarters: Fully remote (most developers based in Europe)

Amount of Bitcoin Held in Treasury: N/A

Number of Employees: 6 (+ “a couple dozen other developers”)

Website: https://lnbits.com/

Public or Private? Private

Five years ago, Ben Arc first had the vision for LNbits — free and open-source software that works with any Lightning Network funding source and offers a suite of extensions for both personal and business use cases.

The vision for the project came to him in what he describes as a flash of inspiration.

“Christian Russo, the developer of the RaspiBlitz, had come down to visit and I…

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Kraken has completed the acquisition of Coin Meester B.V. (BCM), a leading registered crypto broker in the Netherlands, reinforcing its position in the European market. This strategic move comes as the EU implements the Markets in Crypto-Assets Regulation (MiCA), enabling Kraken to offer Virtual Asset Service Provider (VASP) services directly or through partnerships in countries like Germany, Spain, Italy, the Netherlands, and more.

Brian Gahan, Kraken’s Managing Director for Europe, highlighted this acquisition as a major step in their European expansion, allowing the company to leverage its market-leading position in euro volume and liquidity. BCM’s clients will gain access to over 200 digital assets, high-level security, and 24/7 client support.

Kraken aims to strengthen its market share by combining global reach with a compliant, premium trading experience, showcasing its dedication to providing superior crypto services. This move positions Kraken to capitalize on Europe’s growing crypto adoption and consolidate its leadership in the region.

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Matt Hougan, chief investment officer of Bitcoin and crypto asset manager Bitwise Investments, claims the “most powerful people in finance” are allocating to Bitcoin and crypto.

In a memo, Hougan described a telling moment at a recent financial advisor summit hosted by Barron’s magazine. When asked, nearly every attendee said they owned Bitcoin and crypto assets personally.

Bitwise is a major Bitcoin and crypto index fund provider managing over $4.5 billion in assets. Earlier this year, the company secured regulatory approval for the first Bitcoin exchange-traded…

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A growing number of top financial advisors are investing in crypto assets personally, signaling a potential shift in the finance world, according to Bitwise CIO Matt Hougan. Speaking at the Barron’s Advisor 100 Summit, Hougan revealed that around 70% of advisors now own Bitcoin or other crypto assets, a sharp rise from just 10-20% in previous years.

Hougan noted that while advisors aren’t yet making significant crypto allocations in client portfolios—largely due to broker-dealer restrictions—this personal adoption could signal what’s ahead. Historically, personal investments by advisors often translate to client recommendations within 6 to 12 months.

This trend, along with other bullish indicators like recent Bitcoin ETF approvals and interest rate cuts, suggests a promising future for crypto. Hougan emphasized that personal investment fosters understanding, stating, “When it spreads from them to their clients, things could get interesting quickly.”

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