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  • Bitcoin slips below $104K on ETF outflows, decline fears mount

    Bitcoin slips below $104K on ETF outflows, decline fears mount

    Bitcoin drops below $104k amid fears of further decline as ETF outflows kick in

    • Bitcoin falls below $104K amid heavy ETF outflows.
    • Key resistance at $106K–$107K amid rebound attempts.
    • Whale selling is on the rise as retail buys surge.

    Bitcoin (BTC) has started June on the back foot, dipping below $104,000 to a low of $103,833.57 on June 2 as investors react to a fresh wave of ETF outflows and technical uncertainty.

    Despite closing May with its highest monthly close ever near $105,700, the market mood has quickly shifted, driven by signs of distribution from whales and institutional sellers.

    Bitcoin ETF outflows outweigh inflows

    The six-week streak of inflows into US spot Bitcoin ETFs came to an abrupt end on May 30, when funds collectively recorded a staggering $616.22 million in outflows according to Coinglass data.

    Bitcoin ETF outflows

    This reversal marks a sharp deviation from previous weeks, where ETF flows had reinforced the bullish narrative and contributed to Bitcoin’s 11% monthly gain.

    BlackRock’s IBIT, the largest fund in the cohort, leads the exit with $430.82 million in withdrawals, even though it still maintains over $69 billion in assets under management.

    Fidelity’s FBTC and ARK 21Shares’ ARKB follow suit with $113.71 million and $120.14 million in outflows, respectively, underscoring the broad-based nature of the sell-off.

    Although the total cumulative inflows across all ETFs remain positive at $44.37 billion, the sudden withdrawal suggests that investors are now acting cautiously amid growing macroeconomic and technical risks.

    Bitcoin price pullback

    On the price charts, Bitcoin’s recent pullback from $109,000 to $103,833 has brought it below the 0.786 Fibonacci retracement of the rally to its all-time high of $112,000.

    That dip reflected heavy profit-taking into the end of May, exacerbated by the rising influence of bearish technical patterns such as the death cross on the 4-hour chart.

    During Monday’s European session, BTC briefly rebounded to $105,500 but quickly stalled near $105,800 — a zone that combines the 0.618 Fibonacci level with the 100 EMA, forming a critical confluence of resistance.

    While the 20 EMA has been reclaimed, the price continues to struggle beneath the 50 EMA at $106,000, reinforcing the view that bulls face an uphill task in regaining upward momentum.

    If Bitcoin fails to break through the resistance between $106,000 and $107,000, the downside pressure could intensify, possibly dragging the asset back to the recent low near $103,200.

    Adding to the volatility is James Wynn, the controversial high-leverage trader who once again opened a $100 million BTC long at 40X leverage on Hyperliquid, with a liquidation price precariously close at $101,999.

    Wynn’s repeated attempts to go long on BTC have not only ended in substantial floating losses but have also fueled wider speculation-driven activity on the Hyperliquid platform.

    After another failed attempt by the market to liquidate him, Wynn has announced that he has decided to give perp trading a break, further amplifying concerns of exaggerated leverage in the market.

    On-chain metrics are sending diverging signals

    Meanwhile, on-chain metrics show a divergence in behaviour between whales and retail traders, with large holders reducing exposure steadily since BTC crossed $81,000.

    Retail participants, by contrast, are showing signs of buying the top, a dynamic that historically aligns with periods of short-term market corrections.

    Santiment flagged increased whale activity around the May 22 peak, noting that similar past patterns typically signal local tops rather than sustainable breakouts.

    Even though Bitcoin remains up 11% over the past month, relative strength index (RSI) signals have turned bearish, flashing clear divergence as price attempts to recover above key resistance zones.

    At the same time, broader macro conditions continue to cast a shadow, with traders watching closely for signals from the Federal Reserve amid slowing job growth and cooling inflation.

    The falling US Dollar Index could provide a short-term tailwind for Bitcoin, but analysts remain divided on whether current levels represent a springboard for a fresh rally or a prelude to further losses.

    Data from Glassnode’s MVRV ratio shows BTC is trading between critical bands that historically precede local tops, with the +1σ level near $119,400 acting as a psychological ceiling for many profit-takers.

    While some traders anticipate a bounce from the $100K support to as high as $113K, the risk of a deeper correction continues to dominate sentiment across both spot and derivative markets.

    As June unfolds, all eyes will remain fixed on ETF flows, macro indicators, and whether Bitcoin can decisively reclaim the $106,000–$107,000 band to avoid slipping further into bearish territory.
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  • REX Shares launches REX Bitcoin Corporate Treasury Convertible Bond ETF

    REX Shares launches REX Bitcoin Corporate Treasury Convertible Bond ETF

    REX Shares launches REX Bitcoin Corporate Treasury Convertible Bond ETF

    • REX Shares has launched BMAX ETF for Bitcoin treasury bonds.
    • BMAX offers debt stability and equity upside via Strategy.
    • The fund carries risks like volatility and regulatory scrutiny.

    On March 14, 2025, REX Shares, a Miami-based innovator in exchange-traded products, unveiled a groundbreaking financial instrument: the REX Bitcoin Corporate Treasury Convertible Bond ETF, trading under the ticker NASDAQ: BMAX.

    This first-of-its-kind fund offers investors a unique opportunity to tap into convertible bonds issued by companies that hold Bitcoin (BTC) on their balance sheets.

    With Bitcoin’s price climbing 2.1% to $83,400 and Strategy (formerly MicroStrategy) gaining 5.1% in morning trading on launch day, the timing underscores growing interest in Bitcoin-linked corporate strategies.

    A convertible Bitcoin treasury bond for retail investors

    The concept behind BMAX traces back to a playbook pioneered by Michael Saylor, Chairman of Strategy. His company famously began stacking Bitcoin on its balance sheet, funding the purchases partly through convertible bonds and new stock offerings.

    Other firms followed suit, creating a niche asset class that blends the stability of debt with the growth potential of equity.

    However, until now, these bonds were largely out of reach for individual investors, locked behind complex market barriers. BMAX changes that, packaging this strategy into a single, actively managed ETF that simplifies access for retail investors and advisors alike.

    Greg King, CEO of REX Financial, hailed the launch of the REX Bitcoin Corporate Treasury Convertible Bond ETF as a milestone. “BMAX is the first ETF giving everyday investors a shot at convertible bonds tied to companies embracing Bitcoin as a treasury asset,” he said.

    With over $6 billion in assets under management, REX is no stranger to alternative-strategy ETFs, and BMAX fits squarely into its mission of delivering innovative exposure. The fund’s concentrated focus zeroes in on issuers like Strategy, a heavyweight in Bitcoin-backed debt, offering a regulated way to ride the crypto wave without directly owning Bitcoin.

    What sets BMAX apart is its hybrid appeal. Convertible bonds, by nature, carry traits of both debt and equity. They provide a steady income stream like traditional bonds but can convert into stock, capturing upside if the issuing company’s share price soars—say, on a Bitcoin rally.

    For investors wary of Bitcoin’s wild price swings, BMAX offers a more conservative entry point, balancing debt’s relative calm with equity’s potential kick. It’s a middle ground for those intrigued by crypto but hesitant to dive in headfirst.

    BMAX’s risks

    Still, BMAX isn’t without its hazards. The fund’s prospectus lays out a laundry list of risks, from Bitcoin’s notorious volatility to the unique challenges faced by companies like Strategy.

    These “Bitcoin Corporate Treasury Companies” grapple with speculative hype, regulatory scrutiny, and accounting quirks—like impairment losses when the Bitcoin (BTC) price dips.

    Strategy, a key holding due to its outsized market cap, adds its own layer of risk, tied to both its Bitcoin hoard and its legacy software business.

    Interest rate shifts, liquidity concerns, and even tax implications (BMAX is taxed as a C-corporation, unlike most ETFs) further complicate the picture.

    However, despite the risks, BMAX signals a maturing crypto market where indirect exposure is gaining traction. Distributed by Foreside Fund Services, LLC, and backed by REX’s expertise, the ETF opens a door to a strategy once reserved for institutional players.

    As Bitcoin cements its role in corporate treasuries, BMAX offers a fresh lens on the intersection of traditional finance and digital assets—proving that innovation, even in ETFs, keeps pace with a fast-evolving world.

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  • Bitcoin ETF investors hold strong despite a 25% BTC price drop: Here’s why

    Bitcoin ETF investors hold strong despite a 25% BTC price drop: Here’s why

    • US Bitcoin ETFs collectively manage $115 billion in assets
    • Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion
    • Bitcoin’s decline continues as selling pressure intensifies

    Even as Bitcoin’s price has tumbled 25% since the start of 2025, a staggering 95% of investors in US spot Bitcoin ETFs have held firm, resisting the urge to sell.

    Despite market volatility and macroeconomic uncertainties, Bloomberg data suggests that the overwhelming majority of ETF holders remain unfazed, showcasing strong conviction in Bitcoin’s long-term potential.

    Bitcoin ETFs show resilience 

    Bloomberg ETF strategist James Seyffart reported that inflows into Bitcoin ETFs have slightly declined to $35 billion, down from their $40 billion peak.

    However, this still represents over 95% of investor capital remaining in ETFs, even as Bitcoin’s price struggles.

    Institutional investors, including Goldman Sachs, continue to maintain significant exposure, with more than $1.5 billion invested in Bitcoin ETFs.

    As of now, US Bitcoin ETFs collectively manage $115 billion in assets, underscoring the staying power of both retail and institutional investors despite the crypto market downturn.

    Bitcoin ETF outflows persist

    Since mid-February, Bitcoin ETFs have witnessed total outflows of nearly $5 billion.

    On March 13 alone, outflows reached $135 million, according to Farside Investors.

    However, BlackRock’s iShares Bitcoin Trust (IBIT) remains an exception, attracting net inflows of $45.7 million amid the broader sell-off.

    Bitcoin price faces pressure 

    Bitcoin’s decline continues as selling pressure intensifies due to macroeconomic concerns, including the Trump administration’s ongoing tariff battle.

    While BTC briefly surged above $84,000 following the release of US CPI data on Wednesday, it failed to hold above key resistance levels.

    At press time, Bitcoin is trading at $81,953, down 1.56% on the day, with daily trading volume dropping 22% to under $30 billion.

    According to Coinglass data, 24-hour liquidations have spiked to $75 million, with $52 million in long positions being wiped out.

    CryptoQuant CEO Ki Young Ju noted that Bitcoin demand appears “stuck” at current levels but emphasized that it is still “too early to call it a bear market.”

    Long-term Bitcoin holders continue accumulating

    Despite Bitcoin ETF outflows, on-chain data reveals that long-term holders are accumulating more BTC.

    Crypto analyst Ali Martinez reported that these investors have added over 131,000 BTC to their wallets in the past month alone, signaling confidence in Bitcoin’s long-term trajectory.

    With Bitcoin’s price volatility and ETF outflows persisting, the coming weeks could be crucial in determining whether investors’ diamond hands will hold firm or if selling pressure will intensify.

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  • Franklin Templeton launches a Bitcoin and Ethereum index ETF

    Franklin Templeton launches a Bitcoin and Ethereum index ETF

    Franklin Templeton launches a Bitcoin and Ethereum index ETF

    • Franklin Templeton has launched EZPZ ETF tracking Bitcoin and Ether.
    • The EZPZ ETF is the second US crypto index ETF.
    • The other crypto index is Hashdex’s Nasdaq Crypto Index US ETF (NCIQ).

    Franklin Templeton, a prominent global asset manager, has introduced a new exchange-traded fund (ETF) that provides investors with exposure to both Bitcoin (BTC) and Ethereum’s Ether (ETH).

    Announced on February 20, 2025, the Franklin Crypto Index ETF, trading under the ticker EZPZ, marks the second crypto index ETF to launch in the United States, following closely on the heels of Hashdex’s Nasdaq Crypto Index US ETF (NCIQ), which debuted on February 14.

    The Franklin Bitcoin and Ether Index ETF

    The EZPZ fund is designed to track the US CF Institutional Digital Asset Index, a market capitalization-weighted benchmark managed by CF Benchmarks.

    As of its launch date, the index allocates approximately 87% of its weighting to Bitcoin — currently priced at $98,706 — while Ether, valued at $2,755, accounts for about 13%.

    Franklin Templeton has emphasized that this ETF offers a streamlined way for investors to gain exposure to these leading digital assets without the complexities of directly purchasing and managing them.

    Looking ahead, Franklin Templeton plans to expand the fund’s holdings as additional cryptocurrencies are incorporated into the underlying index, subject to regulatory approval. This forward-thinking approach positions EZPZ as a potential “one-stop-shop” for US investors seeking a diversified crypto portfolio through a single investment vehicle.

    The launch of EZPZ comes amid a wave of cryptocurrency ETF developments in the US. Hashdex’s NCIQ, trading on the Nasdaq, similarly focuses on Bitcoin and Ether with plans to broaden its scope over time.

    The broader market has also seen a surge in ETF filings throughout 2024, with asset managers submitting proposals for funds tied to altcoins such as Solana (SOL), XRP, and Litecoin (LTC).

    In October, NYSE Arca sought approval to list a Grayscale ETF based on the Grayscale Digital Large Cap Fund, a diversified crypto portfolio established in 2018 that includes Bitcoin, Ether, Solana, and XRP, among others.

    Additionally, Bitwise recently filed for a 10 Crypto Index Fund ETF with the SEC, further underscoring the growing demand for crypto investment vehicles.

    Analysts at Bloomberg Intelligence have expressed optimism about the regulatory outlook, suggesting “relatively high odds of approval across the board” for these new crypto ETF proposals. This momentum highlights a pivotal moment for the integration of digital assets into traditional finance, offering investors more accessible and regulated options to participate in the crypto market.

    Franklin Templeton’s entry into the crypto ETF space with EZPZ signals both the firm’s confidence in the maturing digital asset ecosystem and the increasing appetite among mainstream investors for cryptocurrency exposure. As the index evolves and regulatory hurdles are cleared, EZPZ could pave the way for broader adoption of crypto-focused ETFs, bridging the gap between conventional investment strategies and the rapidly expanding world of blockchain-based assets.

    For now, the fund stands as a milestone in making Bitcoin and Ether more accessible to US investors, with the promise of further growth on the horizon.

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  • Calamos Investments to introduce a Bitcoin ETF with 100% downside protection

    Calamos Investments to introduce a Bitcoin ETF with 100% downside protection

    Calamos Investments to introduce a Bitcoin ETF with 100% downside protection
    • Calamos is launching a Bitcoin ETF with 100% downside protection named CBOJ in January.
    • The ETF combines Treasury bonds and Bitcoin options to mitigate investment risks.
    • CBOJ offers annual protection resets and caps potential gains for risk management.

    Calamos Investments is set to launch a groundbreaking Bitcoin exchange-traded fund (ETF) offering 100% downside protection.

    Scheduled to debut on the Chicago Board Options Exchange (CBOE) on January 22, the new ETF, named CBOJ, is designed to address Bitcoin’s volatility while providing growth opportunities, according to a company announcement.

    Calamos’ Structured Protection ETF series

    CBOJ builds upon the success of Calamos’ Structured Protection ETF series, introduced in 2024. This series provided similar downside protection mechanisms for stock indices like the S&P 500 and Nasdaq-100.

    By extending these principles to Bitcoin, Calamos seeks to meet the demands of advisors, institutions, and investors looking for a way to capture Bitcoin’s growth potential while mitigating its historically high volatility.

    Bitcoin has historically been a highly volatile asset, often deterring risk-averse investors. The CBOJ ETF aims to overcome this challenge by ensuring that investors do not lose money, even if Bitcoin’s value declines.

    This innovative fund achieves downside protection by integrating US Treasury bonds with options tied to the CBOE Bitcoin US ETF Index. The combination provides a regulated and transparent avenue for gaining Bitcoin exposure while minimizing associated risks.

    CBOJ ETF’s annual protection reset

    One of the unique features of the CBOJ ETF is its annual reset of downside protection. Each year, investors benefit from a new cap on potential gains while maintaining full protection against losses for the next 12 months.

    This structure ensures ongoing risk mitigation and aligns with the dynamic nature of the Bitcoin market.

    “Many investors have been hesitant to invest in Bitcoin due to its epic volatility,” said Matt Kaufman, Head of ETFs at Calamos. “Calamos seeks to meet advisor, institutional, and investor demands for solutions that capture Bitcoin’s growth potential while mitigating the historically high volatility and drawdowns of the asset.”

    ETFs are investment funds that trade like stocks on exchanges, allowing investors to pool their money into a fund holding various assets. With CBOJ, investors gain exposure to Bitcoin without the need to own the cryptocurrency directly. This protective structure makes the ETF especially appealing to cautious investors looking to navigate the crypto market’s notorious price swings.

    As derivatives-based Bitcoin ETFs gain traction, industry reports suggest that more firms may follow Calamos’ lead in introducing similar solutions for risk-averse investors.

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  • Bitwise files new ETF targeting firms with large Bitcoin holdings

    Bitwise files new ETF targeting firms with large Bitcoin holdings

    • The Bitwise Bitcoin Standard Corporations ETF would invest in businesses that “hold at least 1,000 Bitcoin”
    • Companies need to have a market capitalization of at least $100 million to be included in Bitwise’s proposed ETF
    • KULR Technology Group started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million

    Bitwise has filed a proposal with US regulators to launch a new exchange-traded fund (ETF) to invest in publicly traded companies that hold substantial Bitcoin reserves.

    Under the Bitwise Bitcoin Standard Corporations ETF, the ETF issuer would invest in businesses that “hold at least 1,000 Bitcoin in its corporate treasury,” according to a December 26 filing with the US Securities and Exchange Commission (SEC).

    To further qualify to be included in the ETF, companies need to have a market capitalization of at least $100 million, an average daily liquidity of $1 million or more, and a public free float of less than 10%.

    The proposed ETF from Bitwise would assign stock weight based on the market value of a company’s Bitcoin holdings, ensuring this is capped at 25%.

    Reaching new heights

    The news comes as Bitcoin has experienced a rise in value following the US election win of President-elect Donald Trump. At its peak, Bitcoin reached a new all-time high above $107,000 earlier this month. In a client memo in November, Bitwise’s CIO Matt Hougan said the US election was either going to be a “speed bump” or a “wind gust” for the crypto market.

    Significantly, in recent weeks, more companies have been buying Bitcoin to push up stock prices. On December 23, MicroStrategy announced on X that it now holds 444,262 Bitcoin after acquiring a further 5,262 Bitcoin for $561 million.

    In other related news, KULR Technology Group announced on December 26 that it had started its Bitcoin Treasury strategy with the purchase of 217.18 Bitcoin for $21 million.

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  • BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one

    BlackRock’s Bitcoin ETF options brings in nearly $2b in trade on day one

    • Bitcoin hit a record of more than $94,000 following the launch of options contracts on BlackRock’s IBIT
    • 289,000 contracts were Calls and 65,000 were Puts, meaning investors were bullish on a Bitcoin price rise
    • Joe Constori said the market is bullish that Bitcoin’s price will reach $100,000 by the end of 2024

    Options contracts on BlackRock’s iShares Bitcoin Trust (IBIT) saw “unheard-of” notional exposure levels, helping push Bitcoin to a record of over $94,000.

    Taking to X, Bloomberg ETF analyst James Seyffart, said:

    “Final tally of $IBIT’s 1st day of options is just shy of $1.9 billion in notional exposure traded via 354k contracts. 289k were Calls & 65k were Puts. That’s a ratio of 4.4:1. These options were almost certainly part of the move to the new #Bitcoin all time highs today.”

    Buying calls is bullish as investors only profit if the price of Bitcoin goes up. With the new options contract, investors can speculate on price movements by trading shares at predetermined prices.

    Joe Constori, head of growth at Theya and institutional lead at the Bitcoin Layer, said on X that “TLDR; the market is bullish that Bitcoin’s price ends the year well over $100k.”

    Bloomberg’s senior ETF analyst Eric Balchunas added:

    “$1.9b is unheard of for Day One. For context, $BITO did $363m and that’s been around for four years. And also this is with 25,000 contract position limits.”

    Increasing institutional interest

    The launch of BlackRock’s options contracts comes as institutional interest in Bitcoin rises. With the IBIT options, investors can gain exposure to new avenues of investment while managing their risk through the call and put options without owning the underlying asset.

    In January, the US Securities and Exchange Commission (SEC) approved the first 11 spot Bitcoin exchange-traded fund (ETFs). Since then, the market has grown with BlackRock leading the way.

    At the end of October, BlackRock’s IBIT reached $30 billion in net assets in a record 293 days. Two weeks later, it reached $40 billion in net assets in 211 days, showcasing rising interest in crypto investments.

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  • BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

    BlackRock’s spot Bitcoin ETF hits $40 billion, sets new record in 211 days

    blackrock ceo larry fink crypto digitalising gold
    • BlackRock’s IBIT reached a new record in 211 days, surpassing iShares Core MSCI Emerging Markets ETF’s previous record of 1,253 days
    • BlackRock’s new record comes two weeks after it hit $30 billion in net assets at the end of October
    • BlackRock is now in the top 1% of all ETFs by assets and is bigger than all the ETFs launched in the past 10 years

    BlackRock has done it again. This time its IBIT spot Bitcoin exchange-traded fund (ETF) has hit a record of over $41 billion in net assets in 211 days.

    News of the milestone comes two weeks after BlackRock reached $30 billion in net assets in 293 days at the end of October.

    Posting on X in October, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”

    With BlackRock’s new achievement, it’s surpassed the previous record of 1,253 days held by iShares Core MSCI Emerging Markets ETF, according to Balchunas.

    In a post on X, he said: “[BlackRock’s] now in Top 1% of all ETFs by assets and at 10mo old it is bigger than all 2,800 ETFs launched in the past TEN years.”

    Now, BlackRock holds more than 467,000 Bitcoin, valued at $41.8 billion, according to iShares data.

    Reaching new heights

    The new record comes as Bitcoin reached an all-time high of over $93,000 on November 13 in a continued rally that’s showing no signs of slowing.

    The upward trajectory is partly due to Donald Trump being re-elected as US President earlier this month. Following news of his win, Bitcoin broke the $75,000 mark. It then passed $82,000, and continued to $84,000, before pushing to $87,000 earlier this week.

    In September, Bernstein analysts predicted that Bitcoin would surge to between $80,000 and $90,000 if Trump won the US election. With that prediction having now passed, Bernstein analysts believe Bitcoin could reach $200,000 in 2025, urging investors to “buy everything they can.”

    It remains to be seen how far Bitcoin will go, but for now, it’s showing no signs of slowing down.

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  • NYSE Arca seeks regulatory nod for Grayscale crypto ETF

    NYSE Arca seeks regulatory nod for Grayscale crypto ETF

    • NYSE Arca is seeking regulatory approval to list an ETF of the Grayscale Digital Large Cap Fund
    • Grayscale recently filed to convert the fund to a spot ETF

    Securities exchange NYSE Arca is seeking regulatory approval to list a new crypto exchange-traded fund (ETF) by Grayscale.

    The ETF is aimed at tracking the Grayscale Digital Large Cap Fund, which the GBTC issuer launched in 2018.

    According to an October 29 filing, the NYSE Arca wants to list the $565 million fund, which Grayscale recently sought approval to convert into a spot ETF. Grayscale’s application came on October 16.

    The fund currently holds five spot crypto assets, including Bitcoin, Ethereum, and Solana, with BTC weighted at 76.5%, ETH at 16.88%, and SOL at 4.46% as of October 29.

    Other digital assets in the Digital Large Cap Fund are Avalanche and XRP, weighted at 0.58% and 1.58%, respectively.

    Recently, the US Securities and Exchange Commission (SEC) greenlighted the trading of options on NYSE’s spot Bitcoin exchange-traded products (ETPs). These included Grayscale’s flagship asset GBTC and the Mini Bitcoin Trust BTC.

    This comes as the industry continues to witness massive demand and investment in spot Bitcoin ETFs following SEC’s approval in January 2024.

    Spot ETFs inflows and holdings

    Inflows into spot ETFs, which includes Ether ETFs approved in May, has skyrocketed. According to SoSoValue data, US spot BTC ETFs have seen cumulative net inflows of $23.28 billion.

    Meanwhile, total net assets have surpassed $72.55 billion, with this accounting for over 5% of the BTC market cap. BlackRock’s IBIT holds $30 billion in assets.

    In a post on X on October 30, Bloomberg senior ETF analyst Eric Balchunas shared that spot Bitcoin ETFs were on track to surpass 1 million BTC holdings.

    Satoshi Nakamoto, the creator of Bitcoin who remains unknown, holds the most BTC today. Satoshi mined the coins in the early years of the flagship digital asset’s launch. Spot ETFs could surpass the 1.1 million figure within the next few days.

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  • BlackRock’s spot Bitcoin ETF hits $30 billion, sets new record in 293 days

    BlackRock’s spot Bitcoin ETF hits $30 billion, sets new record in 293 days

    BlackRock launches Ethereum ETF on the B3 stock exchange in Brazil
    • BlackRock takes the lead reaching $30 billion in 293 days. JEPI took 1,272 days and Gold managed it in 1,790 days
    • Spot Bitcoin ETFs could reach one million Bitcoin, surpassing Satoshi Nakamoto by mid-December

    BlackRock’s spot Bitcoin exchange-traded fund (ETF) has hit $30 billion in assets setting a new record of 293 days, showcasing rising interest in crypto investments.

    The milestone from BlackRock comes 10 months after the company launched its spot Bitcoin ETF in January. Then, it was reported that BlackRock had traded $7.5 million shares within the first 10 minutes of launching.

    Now, BlackRock holds more than 417,000 Bitcoin, valued at $30.4 billion, according to iShares data.

    Taking to X, Bloomberg analyst Eric Balchunas, said what BlackRock has achieved is an “all-time record,” adding “the old record was $JEPI which did it in 1,272 days. $GLD took 1,790 days. Unreal.”

    Balchunas also noted that Bitcoin ETFs could reach one million Bitcoin soon. At the time of publishing, the number sits around 983,000. If such a milestone is reached Balchunas believes that the combined spot Bitcoin ETFs could surpass Satoshi Nakamoto’s wallet, which holds 1.1 Bitcoin, by mid-December.

    “That said, anything can happen, eg a violent selloff and all this is delayed albeit still inevitable,” he added. “On flip, if prices keep going up, Trump wins, we could see FOMO could kick in and it all happens faster. Stay tuned.”

    Decentralized prediction market platform, Polymarket, and, more recently, Robinhood, an investment app, have launched data predicting who will win the US Presidential election on November 5.

    At the time of publishing, Polymarket shows former US president Donald Trump in the lead at 67% with Vice President Kamala Harris behind at 33.1%.

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