BlackRock sees record Bitcoin whale demand for IBIT conversions despite ETF outflows
BlackRock reports $3.6 billion in Bitcoin-to-IBIT conversions as security concerns drive whale demand, even as its spot Bitcoin ETF records fresh outflows.
Read it in your languageMachine translation by Google of the publisher's page
Explained in this story
Bitcoin
The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.
Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.
More about BitcoinExchange-traded fund
An investment fund that holds a basket of assets, such as the shares in an index, and trades on a stock exchange like a single share.
ETFs offer low-cost, diversified investing and are a fast-growing way people save.
More about Exchange-traded fundFrom the blog
Why XRP Investors Need To Look Past The Current Market Cycle
Crypto investor Jacob Metzger advises XRP holders to look beyond short-term market cycles, highlighting long-term bullish Elliott Wave structures, early…
Elara Winter3 min read
Evernorth Report Addresses Key Questions Surrounding XRP and RLUSD
A new Evernorth report reveals that 92 percent of RLUSD swap volume on the XRP Ledger trades directly against XRP,…
Elara Winter3 min read
Seasoned Investor Predicts Record-Breaking XRP Bull Run
A seasoned digital asset investor predicts a record-breaking XRP bull run, drawing parallels to past market gloom while experts debate…
Elara Winter3 min read