Markets
Jun 12
Despite high-profile outflows from Bitcoin exchange-traded funds in 2025, a Bloomberg analyst argues that the majority of investors in these products have not actually exited their positions. The headline figures mask a more nuanced picture: while some participants rotated out, a significant portion of holders remained committed, suggesting
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Markets
Jun 12
SpaceX's Nasdaq listing under ticker SPCX places Elon Musk's aerospace company among the most significant publicly traded Bitcoin holders, with 18,712 BTC valued at approximately $1.29 billion. The move elevates SpaceX to eighth place on the corporate Bitcoin treasury leaderboard, joining a growing cohort
1 min read
Markets
Jun 12
Metaplanet, Japan's largest corporate Bitcoin holder, is acquiring bond investment platform Siiibo Securities for 2.1 billion yen ($13.1 million). The deal grants Metaplanet a regulated securities license and an established distribution platform, enabling the company to design and offer Bitcoin-linked investment products directly to retail
1 min read
Markets
Jun 12
US spot Bitcoin ETFs are approaching a $2 trillion cumulative trading volume milestone, underscoring the products' rapid adoption since their January 2024 launch despite recent net outflows weighing on sentiment. BlackRock's iShares Bitcoin Trust, known as IBIT, commands a dominant 73.7% share of total trading volume
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Markets
Jun 12
SpaceX's anticipated $75 billion IPO is creating ripple effects across crypto markets, with analysts divided on the net impact for Bitcoin. On the bearish side, the offering has already drawn significant liquidity away from digital assets as investors reposition portfolios to secure allocations. However, bulls argue that a
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Markets
Jun 12
BlackRock has filed an 8-A share registration with Nasdaq for its bitcoin income ETF, a procedural step that typically precedes a fund's market launch by days. The filing signals the product is on track to go live as early as next week. Unlike standard spot bitcoin ETFs,
1 min read
Markets
Jun 12
Crypto-based prediction markets for SpaceX's anticipated IPO have reversed course after sharp early-week declines, now pointing to a potential first-day gain of over 35% and an implied valuation of $2.4 trillion. The SPCX perpetual contract on decentralized derivatives platform Hyperliquid led the recovery, bouncing
1 min read
Markets
Jun 12
BlackRock has filed an 8-A registration form with the SEC for a yield-bearing bitcoin ETF, a procedural step that typically precedes a product's stock exchange listing. Bloomberg ETF analyst Eric Balchunas interpreted the filing as a strong signal of an imminent launch, predicting the fund will
1 min read
Markets
Jun 11
With retail investors locked out of most traditional SpaceX IPO allocations, crypto markets have emerged as an unofficial proxy for the anticipated listing, channeling over $1 billion through SpaceX-linked perpetual futures contracts in just three days. Traders are using these instruments to gain leveraged exposure to SpaceX's
1 min read
Markets
Jun 11
BlackRock's updated SEC prospectus for an iShares Bitcoin Premium Income ETF signals a near-term launch and escalates a Wall Street competition with Goldman Sachs to monetise Bitcoin's price swings for yield-seeking investors. The strategy typically involves selling covered call options on Bitcoin holdings, generating
1 min read
Markets
Jun 11
On-chain analytics firm Glassnode warns that Bitcoin has entered a deep discount phase, with more than 95% of short-term holders currently underwater and realized losses nearing levels historically associated with severe market capitulation. According to Glassnode's latest Week On-chain report, a sustained Bitcoin recovery is
1 min read
Markets
Jun 11
Corporate bitcoin accumulation accelerated in May, with public companies collectively adding 43,557 BTC valued at approximately $3.2 billion, according to Bitcoin Magazine. Strategy, formerly MicroStrategy, remained the dominant buyer, continuing its long-running accumulation strategy. The month's activity was further marked by SpaceX entering the corporate
1 min read