HomeBUSINESS

BUSINESS

Bitcoin ETFs Saw the Largest Outflow in Over Three Weeks

U.S. spot Bitcoin ETFs saw $127 million in net outflows on Tuesday, marking the largest single-day withdrawal since August 6th. The outflow ended an eight-day streak of positive inflows totaling $756 million into the Bitcoin products.

Hilbert Group Partners with Xapo Bank to Launch $200 Million Bitcoin Hedge Fund

Hilbert Group and Xapo Bank have announced a strategic partnership to launch a Bitcoin-denominated hedge fund exceeding $200 million, set to launch in September 2024.

BlackRock’s Bitcoin ETF Saw Highest Inflow in Over a Month

BlackRock's spot Bitcoin ETF saw its largest single-day inflow in over a month on Monday, taking in $224 million amid a slight Bitcoin pullback. The sizable injection extends an 8-day streak of net inflows into US spot Bitcoin ETFs.

Semler Scientific Buys Additional $5 Million Worth of Bitcoin

Medical device maker Semler Scientific purchased an additional 83 Bitcoin for $5 Million, boosting its total Bitcoin treasury to 1,012 BTC acquired for $68M. Semler is pursuing a strategy of buying Bitcoin with cash reserves.

Hong Kong Bitcoin ETFs Hits HK $2 Billion in AUM

The 3 Hong Kong spot Bitcoin ETFs surpassed HK$2 billion ($272M) in assets under management since launching this year. The growth shows increasing institutional appetite for regulated Bitcoin products in Asia.

4,500 Companies Now Pay Their Employees in Bitcoin Using Bitwage

Bitwage now serves over 4,500 companies and 90,000 users that leverage its platform to pay employee salaries in Bitcoin and crypto. Bitwage is on track to process over $400 million in payroll transactions this year.

US Bitcoin ETFs Saw the Sixth Consecutive Day of Inflows

US spot Bitcoin ETFs saw their sixth consecutive day of net inflows totalling around $65 million, highlighting growing mainstream institutional demand. BlackRock's IBIT led the day with $75.5 million in inflows.

Hong Kong Spot Bitcoin ETFs Saw Highest Inflows in a Month

Hong Kong's Spot Bitcoin ETFs saw their largest inflow in over a month, with the ChinaAMC Bitcoin ETF taking in 274 BTC worth $15M. The steady climb in assets shows growing Asian interest in regulated Bitcoin investment products.

Tim Draper Invests in Ark Labs to Make Bitcoin Payments Easier

Bitcoin scalability startup Ark Labs raised $2.5M in a pre-seed round led by Tim Draper to advance its Ark protocol for faster, cheaper BTC payments. The funding aims to boost Bitcoin adoption for everyday transactions.

Gryphon Digital Mining Acquires Low-Cost Bitcoin Mining Operations at $0.01/kWh

Gryphon Digital Mining has secured a deal to acquire Bitcoin mining operations with ultra low-cost power.

Theya Introduces Direct-To-Wallet Bitcoin Purchases

Theya’s new feature reduces the hassle of transferring your bitcoin from an exchange into a secure self-custody setup.

Bitcoin Lightning Startup TMRW Raises $1.3 Million Funding

Bitcoin Lightning startup TMRW raised $1.3M to build a social, cross-border payment app leveraging Lightning's speed and low fees for remittances

LATEST ARTICLES

Advertise with us

Amplify your brand with the world’s first and most trusted Bitcoin media company. Every year, millions of people with diverse interests depend on Bitcoin Magazine for the most reliable, accurate, timely and relevant content. We are trusted by the Bitcoin community to inform and enlighten with quality stories that meet our stringent editorial and journalistic standards.