Archax Launches Tokenized Money Market Funds with Major Financial Giants –

Archax partners with State Street, Fidelity, and LGIM to offer tokenized money market funds. Archax will issue tokens representing beneficial ownership of their fund investments. Archax, a UK-regulated cryptocurrency exchange and custodian, is venturing into the tokenization of real-world assets (RWAs). Today, the platform announced plans to offer tokenized money market funds from three global…

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BlackRock’s IBIT Bitcoin ETF Sees Historic $872M Inflows, Surpassing Previous Highs

BlackRock’s iShares Bitcoin Trust (IBIT) attracted a record-breaking $872 million in inflows on October 30th. The latest figure marks the highest single-day inflow since the fund launched in January. This surge came just a day after IBIT’s daily trading volume surged to $3.35 billion, reaching its highest level in more than six months. IBIT, which…

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Spot Bitcoin ETFs Attract Nearly $1 Billion Inflows To Mark 3-Week Positive Streak- Details

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms…

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Spot Bitcoin ETFs Draw Over $2 Billion Inflows As Ethereum ETFs Turn Green Again – Details

The US-based spot Bitcoin ETFs produced a magnificent performance in the past week recording $2.1 billion in net inflows. Meanwhile, their Ethereum counterparts have finally turned the corner registering their third positive weekly inflows since their trading debut in July. Spot Bitcoin ETFs Record Highest Daily Inflow Since June After a return to positive net…

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Crypto Goes Mainstream: Blackrock Boosts North America’s $1.3T Inflows

Cryptocurrency is increasingly integrated into the mainstream as North America continues to lead the global crypto market, receiving $1.3 trillion in onchain value between July 2023 and June 2024, according to Chainalysis. Institutional giants like Goldman Sachs and Blackrock are now taking serious positions in the crypto space, with U.S. bitcoin exchange-traded products (ETPs) driving…

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Fidelity Adds $117.1M in Bitcoin as Institutions Continue to Buy the Dip

October 12, 2024 at 11:50 AM GST updated: October 12, 2024 at 11:31 AM 2 mins read News Fidelity’s $117.1M Bitcoin buy underscores rising institutional confidence in crypto investments. Bitcoin trades between $62K-$63.6K as major institutions, like Metaplanet, capitalize on price dips. MicroStrategy’s stock soars 157% in 2024, driven by aggressive Bitcoin buying amid market…

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Tom Jessop and Fidelity’s Role in Crypto’s Institutional Revolution

Tom Jessop’s leadership at Fidelity Digital Assets has been key in driving institutional adoption of digital assets globally. Under Tom Jessop, Fidelity Digital Assets expanded its services, offering secure cryptocurrency custodial solutions for institutional investors. Few figures have been as crucial in the always changing landscape of finance, as cryptocurrency has progressively migrated from specialist…

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ETF Inflows Surge: Bitcoin Rakes in $158M, Ether Funds Add $5M

According to the latest figures, bitcoin exchange-traded funds (ETFs) brought in $158.21 million in inflows on Thursday, while ether ETFs saw $5.24 million in deposits. Bitcoin, Ether ETFs Show Positive Inflows as Reserves Climb Leading the charge on Thursday, Ark Invest and 21shares’ ARKB fund attracted a hefty $81.07 million. Fidelity’s FBTC followed closely, reeling…

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Bitcoin and Ethereum ETFs Record $74 Million in Outflows, Grayscale Funds Lead Losses

On Sept. 4, 2024, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) saw $37.29 million in outflows, while their ethereum counterparts, the nine spot ether ETFs, experienced roughly $37.51 million in reductions. Grayscale’s GBTC and ETHE Lead Withdrawals Both bitcoin and ethereum ETFs saw money flowing out on Wednesday, with nearly identical divestments. According to…

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Fidelity Analyst Questions Bitcoin’s Surge

Fidelity’s Director of Global Macro, Jurrien Timmer, has provided an insightful analysis of Bitcoin’s recent performance. Despite the significant upward movement in the cryptocurrency market, Timmer suggests that Bitcoin’s current price surge may be surpassing its underlying fundamentals, potentially indicating overvaluation. Bitcoin, known as the “digital gold” and considered a store of value, has traditionally…

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