BlackRock scores $5 billion of tax-deferred Bitcoin to ETF swaps

As iShares Bitcoin Trust (IBIT), the largest Bitcoin (BTC) spot exchange-traded fund (ETF) backed by BlackRock Inc. (NYSE: BLK), attracted its highest year-to-date (YTD) weekly cash inflow of $1.33 billion last week; it has since facilitated $5 billion of tax-deferred Bitcoin-to-ETF swaps. BlackRock’s IBIT has attracted more investors through in-kind creations and redemptions since the […]

Bernstein Reveals His Big Bull Prediction for Bitcoin (BTC)! “First $150,000, Then…”

Bitcoin, the leading cryptocurrency, fell back to around $78,000 yesterday after rising above $81,000. With this rise fueling talk of a $BTC rally and bullish sentiment, global investment bank Bernstein maintained its long-term bullish outlook for Bitcoin but revised the timing of its price predictions. First $150,000, Peak $300,000! According to Bernstein’s analysis reported by […]

Crypto trader turns $24k into $275,000 for 11x return

The sudden cryptocurrency market upsurge following months of decline or stagnation generated several major success stories, and this trader, after approximately a month-long wait, saw the value of his long positions rise elevenfold. Specifically, a user with the shortened designation 0x3376…8A05 on the Aster decentralized exchange (DEX) saw a series of positions worth initially $24,000 […]