Crypto News
Bitcoin ETFs Continue Positive Run, Pulling in $1.8 Billion Last Week
Strong flows for Bitcoin ETFs come as gold ETFs see outflows, with investors turning to Bitcoin as a hedge against U.S.-based assets.Source link
Strategy Inches Closer to Blackrock’s BTC Stash With Latest $180M Acquisition
On Monday, Strategy executive chairman Michael Saylor revealed his firm had added another tranche of bitcoin ( BTC) to its treasury holdings. With this latest acquisition, the company’s total cache now stands at 555,450 BTC—currently valued at $52.4 billion based on prevailing market rates. Strategy Adds More Bitcoin Strategy, which once operated under the nameSource link
Michael Saylor’s Strategy Adds 1,895 Bitcoin, Bringing Company Stack to 555,450 BTC
Led by Executive Chairman Michael Saylor, Strategy (MSTR) added modestly to its bitcoin holdings last week.The company purchased 1,895 BTC for $180.3 million, or an average price of $95,167 each, according to a Monday morning SEC filing.The buys were funded via sales $128.5 million of common stock and $51.8 million of STRK preferred stock. The common stock sale notably used up the remainder of MSTR's 2024 $21 billion at-the-market offering. MSTR last week introduced a new $21 billion ATM offering.Strategy now holds 555,450 bitcoin purchased for $38.08 billion, or an average price of $68,550 each. At bitcoin's current price around $94,000, the holdings are worth north of $52 billion.MSTR is lower by 2.7% in premarket action.Source link
Crypto Daybook Americas: Bitcoin Dips, but ETF Inflows, Fed Week Keep Bulls Interested
By Omkar Godbole (All times ET unless indicated otherwise)The outlook for bitcoin (BTC) looks bullish even after the largest cryptocurrency pulled back to $95,000 from Friday's highs above $98,000 and the total crypto market capitalization dropped under $3 trillionAmong the signals, U.S.-listed spot bitcoin ETFs are rapidly absorbing supply. Last week, the 11 ETFs registered a cumulative net inflow of $1.8 billion, equating to over 18,500 BTC, six times more than the 3,150 BTC mined, according to data sources Farside Investors and HODL15Capital. (See Chart of the Day)On-chain activity has also picked up, suggesting a bullish outlook. According to data source IntoTheBlock, the number of active BTC addresses topped 800,000 on Sunday, "While it is still far from its highs,...
Vaneck Files With SEC to Launch BNB-Backed ETF
Digital asset manager Vaneck has filed with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed exchange-traded fund (ETF) offering direct exposure to BNB, the native cryptocurrency of the BNB Chain. BNB Enters ETF Arena With New Vaneck Filing On May 2, 2025, Vaneck Digital Assets, LLC submitted an S-1 registration statementSource link