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ForkLog 9 15.02.2024

CoinGecko: US Commands 83% of Global Spot Bitcoin ETF Market

The United States holds a commanding 83.3% share of the global spot Bitcoin ETF market, valued at $41.74 billion, according to CoinGecko experts. Curious about the countries with spot Bitcoin ETFs? Spot #Bitcoin ETFs are now incorporated in 11 countries worldwide and traded in just 6 geographical markets. The leading spot Bitcoin ETF markets are […]

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ForkLog 14 14.02.2024

Daily Inflows to Bitcoin ETFs Return to Record Levels

On February 13, the net inflow of assets into spot Bitcoin ETFs reached $631.2 million, second only to the first day of trading for these products, which saw $655.2 million. Same data in BTC terms. +12,736 BTC flow on 13th Feb 2024 pic.twitter.com/ogUVHjVDbZ — BitMEX Research (@BitMEXResearch) February 14, 2024 In terms of Bitcoin, the […]

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ForkLog 21 06.02.2024

Europe Leads Ethereum ETF Market with 81% Share

Europe and Canada account for nearly 98% of the $5.7 billion Ethereum ETF market. The introduction of spot ETFs in the US could significantly alter the landscape. Amidst expectations for the approval of spot Ethereum ETFs in the US, CoinGecko experts have examined the global market for such products, revealing the dominance of Europe and […]

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ForkLog 9 30.01.2024

GBTC Outflows Slow as Google Permits ETF Advertising

GBTC investors continue to take profits, but at reduced volumes. Other issuers are lowering management fees. Google has started allowing bitcoin ETF advertisements. Outflows from the Grayscale Bitcoin Trust ETF (GBTC) have reached $5 billion since its conversion, potentially prompting withdrawals from crypto funds in Europe and Canada, according to a report by CoinShares. ETF […]

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ForkLog 26 29.01.2024

GRIID Mining Company Debuts on Nasdaq

On January 29, the American mining company GRIID went public through a reverse merger with a SPAC. Shares under the ticker GRDI began trading on Nasdaq, as stated in the press release. In December 2021, the firm announced a definitive agreement with Adit EdTech Acquisition Corp. The deal was closed on January 2, 2024, and […]

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ForkLog 7 25.01.2024

Tesla Maintains Bitcoin Holdings Unchanged in 2023

Throughout 2023, Tesla neither bought nor sold any bitcoins, maintaining its cryptocurrency position at a balance sheet value of $184 million, according to its financial report. The electric car manufacturer’s revenue for the period amounted to $97.8 billion, marking a 15% increase over 2022. However, profits fell by 15% to $17.7 billion. Tesla’s shares dropped […]

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ForkLog 7 18.01.2024

Spot Bitcoin ETF Trading Volume Surpasses $11 Billion

Spot Bitcoin ETF trading volume reached $11 billion, though the growth rate of fund inflows is gradually slowing. Experts are divided on the risks and opportunities for Bitcoin related to exchange-traded funds. The cumulative trading volume of 11 spot Bitcoin ETFs in the US reached $11.1 billion in the first four days following the launch […]

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ForkLog 14 17.01.2024

Ripple CEO Rules Out IPO Amid ‘Hostile’ SEC Environment

Ripple had considered going public outside the United States due to the “hostile” stance of the SEC, but has postponed these plans. This was stated by the fintech company’s CEO, Brad Garlinghouse, in Davos. LFG! 2024 is going to be big. https://t.co/3CcCQNo4D9 — Brad Garlinghouse (@bgarlinghouse) January 16, 2024 “Trying to go for an IPO […]

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ForkLog 6 12.01.2024

BlackRock CEO Recognizes Value in Spot Ethereum ETF

Larry Fink, CEO of financial giant BlackRock, stated in an interview with CNBC that he “sees value” in a spot ETF based on the second-largest cryptocurrency by market capitalization. Part 2: ETH ETF pic.twitter.com/qnmB7azyQN — Cryptik1.eth |? (@Cryptik1E) January 12, 2024 “I do not believe that [digital assets] will ever become a currency. I consider […]

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ForkLog 43 11.01.2024

Circle Files for IPO in the United States

The co-issuer of the USDC stablecoin, Circle Internet Financial, has confidentially filed for an initial public offering (IPO) in the United States as part of its plan to become a publicly traded company. The firm has not disclosed the number of shares or the price range for the IPO. Circle’s intention to go public first […]

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ForkLog 6 11.01.2024

BlackRock’s Spot Bitcoin ETF Trades at a 25% Premium

During the pre-market session on January 11, ahead of its Nasdaq debut, BlackRock’s spot Bitcoin ETF (IBIT) exceeded its NAV by 25.6%. Source: Finance.Yahoo. On the evening of January 10, the U.S. Securities and Exchange Commission (SEC) announced the approval of 11 applications for spot exchange-traded funds based on the leading cryptocurrency. BlackRock was among […]

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ForkLog 32 11.01.2024

Ripple to Repurchase Shares Valuing Company at $11.3 Billion

Ripple will allocate $285 million to buy back its shares from early investors, valuing the fintech company at $11.3 billion, according to sources cited by Reuters. Under the offer, investors can sell up to 6% of their holdings. Ripple stated it will spend $500 million on the entire program, including costs for converting restricted securities […]

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