BlackRock’s spot Bitcoin ETF recorded a large withdrawal this week. As investors pulled funds from the product. Data shows that about $143.5 million worth of Bitcoin left the iShares Bitcoin Trust (IBIT) on March 6. The move came during a wider wave of selling across U.S. spot Bitcoin ETFs. Altogether, these funds saw around $348.9
Although Bitcoin has shown strong price movements earlier this week, the leading cryptocurrency has, however, closed the week on a negative note as investors’ sentiment continues to grow weak. Following Bitcoin’s negative price trend, institutional demand for spot Bitcoin ETFs has slowed significantly as data from SoSoValue shows that investors have pulled hundreds of millions
Introduction: A Blockchain ETF with an AI Twist In the fast-moving world of crypto and tech investing, few funds stand out like the BKCH ETF. This Global X Blockchain ETF has delivered a stunning 57.9% return over the past 12 months. Yet, it dropped 19.6% in the last month. Why the wild swings? Bitcoin’s price
Bitcoin’s initial break above the 6-figure price point back in 2024, and then the eventual move to an all-time high of $126,000, has fueled the expectations of higher price points. Even now, as the price continues to trend below $100,000, it has done little to erase the bullish momentum surrounding the cryptocurrency, especially in the
Bitcoin continues to reshape how companies manage corporate reserves. A growing number of businesses now view digital assets as strategic treasury tools. West Main Self Storage recently strengthened that trend with another Bitcoin purchase. The company added 0.145 $BTC to its reserves and raised its total holdings to 3.345 $BTC. This move reflects the steady
Block CEO Jack Dorsey says his company will support stablecoins, despite having long argued that Bitcoin should serve as the internet’s native money protocol. In an interview with WIRED, Dorsey acknowledged the change while making clear it reflects customer demand rather than a shift in personal belief. “I don’t like that we’re going to support
BlackRock’s Rick Rieder, UBS’s Ulrike Hoffmann-Burchardi, and hedge fund manager Daniel Loeb see a 2026 economy that may keep growing even as the market’s center of gravity shifts. The broad message from their separate appearances at a conference in Miami last week was not that the AI boom is ending. Instead, they said, the easy
Jeff Schmid has said that some businesses have paused hiring. Crypto prices could feel the heat. Oil and gas prices are other possible factors. Kansas City Federal Reserve President Jeff Schmid has made a statement on the hiring pause due to AI. Unemployment rate surged a little in February, and inflation data is yet to
Aylab, a Web3 development entity, has partnered with REI Network, a prominent blockchain network. The partnership aims to advance the scalable Web3 infrastructure growth. As Aylab mentioned in its official X announcement, the joint effort focuses on broadening the REI Network to back gaming, DeFi, and wider real-world applications. Additionally, the move removes friction for
Quack AI announced today that its signature-based execution layer, Q402, is now live on the Avalanche C-Chain, a move the startup says will make agent-driven applications feel native on one of the fastest L1 ecosystems. In a post on X, the team framed the deployment as a milestone for “verifiable, policy-aware execution” that leverages Avalanche’s