“Today’s milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors,” he added. Tokenization, or the process of representing traditional assets as blockchain-based tokens, has emerged as one of […]
The new fund offering comes as bitcoin struggles to break out of a bear market, trading around $67,000, down about 23% year to date. IBIT, which debuted in January 2024, has amassed nearly $49 billion in assets, making it the largest spot bitcoin ETF on the market. The fund has seen significant outflows since the […]
BlackRock’s (BLK) bitcoin BTC$111,296.88 exchange-traded product (ETP) started trading on the London Stock Exchange on Monday, the asset manager’s first such product in the U.K., after the Financial Conduct Authority (FCA) lifted its ban on certain bitcoin-based ETPs. The iShares Bitcoin ETP, trading on the London Stock Exchange under the ticker IB1T, allows retail investors […]
The cryptocurrency market is showing initial signs of recovery from its worst month in three years after the price of bitcoin (BTC) plunged to $78,000 in a week that saw the space’s total market capitalization drop by over $400 billion. The dip in prices saw the Crypto Fear & Greed Index plunge to 10, a […]