The daily net flow of U.S. Bitcoin ETFs as of September 17, 2024, shows modest yet positive movements among various funds. BlackRock’s IBIT ETF, the largest by holdings, saw an increase of 273 BTC, bringing its total to 357,550 BTC. Grayscale’s GBTC ETF, which holds 222,171 BTC, experienced a net inflow of 85 BTC.

Fidelity’s FBTC ETF added 87 BTC to its holdings, now totaling 174,925 BTC. Notably, VanEck’s HODL ETF also saw a positive inflow, gaining 85 BTC, bringing its total to 10,945 BTC. Franklin Templeton’s EZBC ETF showed growth with an 87 BTC increase, raising its holdings to 6,756 BTC.

Overall, the total Bitcoin held across these ETFs reached 903,718 BTC, representing a net inflow of 617 BTC valued at approximately $37.7 million. Despite some funds showing no inflows, the overall trend suggests steady growth and continued interest in Bitcoin ETF products across 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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Deutsche Digital Assets GmbH (DDA) announced the launch of the world’s first Bitcoin macro ETP, a pioneering financial product now trading under the ticker BMAC at Euronext Paris as of September 17, 2024. The ETP offers dynamic exposure to Bitcoin and USDC, skillfully integrating key macroeconomic factors to enhance Bitcoin positioning and risk management, boasting a competitive total expense ratio of 2.00%.

Chief Product Officer of DDA, Dominik Poiger, emphasized the unique nature of BMAC, which unlike typical offerings, is backed 100% by a physical basket of cryptocurrencies secured at Coinbase Custody International Ltd. This strategic move ensures robust, institutional-grade security for investors’ assets.

The listing not only marks a milestone in cryptocurrency financial products but also enables French investors to access a sophisticated, economical tool designed to mitigate risks associated with volatile market conditions. Poiger stated that this innovation underscores their commitment to providing advanced, accessible crypto investment solutions.

Source

On a cool autumn evening in Philadelphia, PA, more than just crypto bros showed up in The City of Brotherly Love to show their support for Bitcoin and crypto on the fifth stop on the America Loves Crypto tour. A diverse crowd of approximately 200, split evenly between men and women, filled Vinyl, a stylish venue in the heart of the city where the event was hosted. The size and enthusiasm of the crowds on this tour has grown considerably as it has rolled on, lending some credence to the notion that the crypto voting block may play a role in swaying major races in US elections come November.

The speakers on this tour date included former US Senator and member of Coinbase’s Global Advisory…

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The ascent of Bitcoin and digital assets has sparked a classic battle, with governments acting as vigilant hawks, trying to control a technology that is as nimble and elusive as a gazelle darting across the savanna of decentralization. In Nigeria, this conflict is as tangled as dense jungle foliage, where regulators strive to enforce their rules on a system meant to evade conventional constraints, while individuals continue to pursue the elusive prize of financial freedom just out of grasp. The Central Bank of Nigeria (CBN) has oscillated between hardline approaches and cautious acceptance, exemplified by its 2021 directive banning banks from facilitating Bitcoin transactions. Yet, just…

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Polymarket’s popularity continues to swell as the U.S. elections draw closer, with betting volumes on the decentralized prediction market approaching a staggering $1 billion. The platform has become a focal point for election-related forecasts, with about 70% of its weekly users placing bets on political outcomes. This robust engagement underscores the vital role of political events in driving user interaction on Polymarket.

Further emphasizing its success, Polymarket’s total value locked has soared by 277% since June, reaching nearly $120 million, and monthly active users have surged 50%, now totaling 66,400. The integration of Polymarket into Bloomberg’s Terminal illustrates the platform’s significant impact on mainstream industries, leveraging blockchain technology’s efficiency to transform market forecasting and public discourse as the November elections approach.

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Singapore’s DBS Bank is set to revolutionize cryptocurrency investment by offering over-the-counter cryptocurrency options trading and structured notes to institutional and accredited investors beginning Q4 2024. This initiative marks DBS as Asia’s first financial institution to link traditional financial products with Bitcoin and Ethereum values. “Professional investors are increasingly including digital assets in their portfolios,” noted Jacky Tai, DBS group head of trading and structuring.

The bank’s current crypto services include trading through its DBS Digital Exchange. The upcoming expansion allows for sophisticated investment tactics such as options trading, where clients can hedge against Bitcoin’s volatility by purchasing put options, securing a sell price regardless of market dips.

Adding to its innovative strides, DBS introduced a blockchain-based smart contract system in August to enhance the transparency and efficiency of government grant distributions. This underlines DBS’s commitment to integrating advanced technology with traditional banking, catering exclusively to its elite clientele.

Source

Maelstrom, the family office of Arthur Hayes, has awarded the first grant from its Bitcoin developer program to contributor Rkrux. The funding will support Rkrux working full-time on Bitcoin Core.

Bitcoin relies on voluntary developers to maintain its codebase as an open-source project. Maelstrom recently launched a grant program to encourage more full-time work on improving and contributing to Bitcoin’s core infrastructure.

The first recipient is Rkrux, an emerging Bitcoin Core reviewer who completed Chaincode Labs’ FOSS program this year. The grant will enable Rkrux to quit his job and focus entirely on Bitcoin development.

“One of the goals of the grant program is to recognize and reward…

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