Posts

Showing posts with the label assets

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

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.” Also $IBIT has crossed the $30 billion mark in assets...

Raising funds for climate change with digital assets at COP28

Image
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. UN Climate Change conferences (or COPs) is an annual event that brings world countries together to address the challenges and needs of climate change.  You might also like: Creating a resilient and sustainable blockchain-as-a-service for all COP 28 occurs in Dubai, United Arab Emirates, from 30 November until 12 December 2023. In a stark warning ahead of COP28, the Secretary General of the International Federation of Red Cross and Red Crescent Societies (IFRC), Jagan Chapagain, highlighted that climate change causes almost every humanitarian disaster the world faces: “Whether it’s a hunger crisis and people forced to move because of drought, a health emergency exacerbated by heat, killer flooding caused by exceptional rain, disputes over diminishing tracts of arable land or an uptick in malaria deaths due to warmer tem...

32% of home offices invest in digital assets: Goldman Sachs

Image
While the interest in crypto investments was on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market. While the interest in crypto investments has been on the rise last year among the home offices, 2023 saw a massive decline in such investors' certainty about the digital assets market.  According to a Goldman Sachs report on May 8, named “Family Office Investment Insides,” 32% of family offices currently hold investments in digital assets. This category includes not only cryptocurrencies but also nonfungible tokens (NFTs), decentralized finance (DeFi) and blockchain-focused funds. Primary motivations of family offices to invest in digital assets. Source: Goldman Sachs  Explaining their motivations for invest ing in digital assets , the majority (19%) named the belief in the power of blockchain technology, whereas only 8% and 9% cited speculation and portfolio diversification, respectively. Related:...