🚀 BlackRock's iShares Bitcoin Trust (IBIT) Asset Management Scale Soars, Surpassing 20 Years of Gold ETF Achievements in Just One Year

BlackRock's iShares Bitcoin Trust (IBIT) has reached an astonishing asset management scale of $58.57 billion in less than a year, nearly double the $33 billion it took for their gold ETF to achieve in 20 years!

Since its launch in January this year, BlackRock's spot Bitcoin ETF IBIT has been on a rapid rise. Ki Young Ju, CEO of market analysis platform CryptoQuant, praised IBIT for achieving this significant milestone in under a year on X.

Moreover, IBIT set a super record by becoming the fastest ETF to reach $50 billion in assets under management (AUM), five times faster than any other fund! The previous record was held by BlackRock's iShares Core MSCI EAFE ETF (IEFA), which took 1,329 days to reach $50 billion, while IBIT only took 228 days!

The secret weapon behind this? Of course, it's the skyrocketing price of Bitcoin (BTC). On December 5, Bitcoin first broke the $100,000 barrier, peaking even at $108,200.

IBIT's achievements don't stop there; it reached an AUM of $10 billion within seven weeks of its launch, becoming a standout among the 3,400 ETFs worldwide. Additionally, IBIT surpassed Grayscale Bitcoin Trust (GBTC) in AUM within just 96 minutes of trading, becoming the largest spot Bitcoin ETF with 288,671 BTC.

Currently, IBIT's holdings have ballooned to 549,920 BTC, solidifying its position as the largest Bitcoin ETF by trading volume, AUM, and market capitalization.

🗣 Conclusion:

In summary, BlackRock's iShares Bitcoin Trust (IBIT) has achieved tremendous success in a short period, opening a new chapter in the competition between the cryptocurrency market and traditional financial products.

Its rapid growth not only highlights the increasing interest and trust in digital assets but also underscores Bitcoin's potential as a store of value and investment tool.

This could prompt more traditional financial institutions to venture into the cryptocurrency space, signaling the arrival of a more diversified and interconnected global financial market.

💬 Do you think IBIT's success will serve as a catalyst for other financial institutions to enter the cryptocurrency market? Or do you believe this growth trend of Bitcoin is sustainable?

#贝莱德IBIT #比特币ETF #金融创新 #资产管理规模

🌐 The Bank for International Settlements Proposes a Hybrid Digital Currency Model to Optimize CBDC Deployment and User Interaction

The Bank for International Settlements (BIS) recently announced a comprehensive framework for designing retail central bank digital currencies (CBDCs) -- the Hybrid Retail Central Bank Digital Currency (CBDC) model, which aims to organically combine the regulatory functions of central banks with the role of the private sector.

This hybrid model is managed by central banks for the issuance of digital currencies and the construction of the infrastructure, while private intermediaries are responsible for direct interactions with users, such as KYC verification, wallet management, and transaction processing. This ensures both efficiency and scalability while also addressing privacy and anti-money laundering regulations.

The architecture includes four core processes: user registration, digital currency issuance, withdrawal, and transfer. Moreover, it supports a tiered KYC mechanism, allowing low-value transactions to use basic wallets, while high-value transactions require stricter regulation.

Another highlight of this architectural model is the offline payment function, which is good news for unbanked populations, as payment channels will be greatly expanded.

The BIS report also mentions that CBDCs can bring advanced features such as programmability through smart contracts, asset tokenization, and seamless integration with DeFi. These features can enhance liquidity, automate transactions, and make CBDCs a cornerstone of modern economic operations.

The report also references some global experiences, such as China's digital yuan and Peru's offline pilot projects in rural areas, which are exemplars of technological application and innovation.

However, there are challenges in implementing this, such as how to ensure compatibility between this digital currency and the payment systems we currently use, how to protect our privacy without violating regulations, and how to guard against online attack threats.

Nonetheless, the Bank for International Settlements emphasizes that this proposal is also a flexible framework, intended to encourage discussion and gather ideas and opinions from everyone.

💬 What are your views on the development prospects of the hybrid digital currency model? What expectations do you have for the real-world applications of CBDC in the future financial world?

#数字货币 #CBDC #金融创新 #BIS

🌟Vancouver passed a Bitcoin proposal to incorporate Bitcoin into financial operations

The Vancouver City Council has just passed a forward-looking proposal to begin studying the incorporation of Bitcoin into their financial operations. Mayor Ken Sim spearheaded this idea, which was approved at a meeting on December 11th. This means that Vancouver may start accepting Bitcoin for tax payments and even include Bitcoin in their financial reserves!

Although this motion is just the first step, it already shows Vancouver's open attitude towards new financial technologies. Mayor Sim stated that this will not only protect Vancouver's financial security for the next 100 years but also make our city more friendly and affordable for residents.

The mayor also emphasized that Bitcoin is different from other assets; it is decentralized, not controlled by any person or government, and its total supply is limited. Additionally, over the past 16 years, Bitcoin has performed among the best in the global financial market, with many countries and cities using it to protect their financial resources.

This proposal also mentioned actions taken in other parts of the world, such as Zug in Switzerland, which has accepted Bitcoin for municipal services and tax payments, Seoul in South Korea exploring blockchain technology, and El Salvador designating Bitcoin as legal tender.

The proposal also highlighted the potential environmental benefits of Bitcoin, such as mining utilizing excess renewable energy, reducing emissions, and protecting the value of public funds during economic instability.

Mayor Sim finally emphasized that this is only an exploratory motion and does not mean Vancouver will make a decision today. They need to study various possibilities, understand the risks, and then decide if this is the right choice for Vancouver.

In summary, this proposal from Vancouver is significant and demonstrates the city's open attitude towards financial innovation. If implemented, it could lead to accepting Bitcoin for tax payments and including it in financial reserves, thereby protecting financial futures, modernizing the city, and potentially lowering the cost of living for residents, making the city more friendly and livable.

💬 What do you think of Vancouver's motion? What potential impacts do you think accepting Bitcoin for tax payments and incorporating it into financial reserves will have for Vancouver?

#比特币 #金融创新 #比特币友好城市 #比特币议案

Shock! BTC becomes a pension
France announced that Bitcoin has entered the pension system, and the new choice for pension investment is cryptocurrency!
🇫🇷 The French government announced that it would include Bitcoin in the pension savings system and provide citizens with cryptocurrency investment options through Bitcoin exchange-traded funds (ETFs). 📈
🤝 This bold move, in cooperation with VanEck Europe, allows French citizens to diversify their pension portfolios through cryptocurrencies. This is a big step for the traditional financial system!
🌍 ETH News said that France's move may set a precedent for other countries. In the future, will we see more countries follow suit? #法国加密监管 #BTC☀ #养老基金 #金融创新 #投资理念 $BTC $ETH $BNB

$SUI
Good afternoon everyone! A10JQK brings you super exciting midday news! 🔥

♠️ Latest polls on the US election! Harris's support rate has plummeted, tying with Trump!

♥️ Big news in the Memecoin world! Well-known VC Zhu Su reveals: The crypto industry lacks value accumulation!

♣️ 76.46 million American voters have already voted early! This election situation is going to be a big deal!

♦️ 21Shares' astonishing comparison: Is Ethereum the "Amazon of the 90s"? Is it about to take off?

Heavy news incoming:
- Singapore’s Monetary Authority promotes tokenization of financial services! Is the Asian financial center about to change?
- JPMorgan drops a bomb: If Trump wins, the Federal Reserve may pause interest rate cuts in December!
- Former Coinbase CEO Andre Cronje reveals shocking news: He has repeatedly requested listing fees!
- New anti-money laundering regulations are coming! Financial institutions can refuse high-risk businesses now!

Brothers and sisters, today's news is too explosive! Which one are you most concerned about?

#美国大选 #加密监管 #金融创新 #市场动态

Warm reminder: The market is ever-changing, invest with caution, DYOR is the most important!
$SOL
$BNB

🇯🇵Japanese Political Party Proposes Cryptocurrency Tax Reform to Promote Web3 and NFT Development

Recently, the president of Japan's Democratic Party for the People (DPP), Yuichiro Tamaki, proposed an exciting cryptocurrency tax reform plan. If he wins the election, he will lower the tax rate on cryptocurrency gains to 20%, instead of the current high miscellaneous income tax rate of up to 55%. This initiative aims to encourage the growth of the token economy, particularly in the Web3 and NFT sectors.

According to his plan, Tamaki also suggested allowing investors to carry forward losses for three years and exempting taxes when exchanging one cryptocurrency asset for another. Additionally, he mentioned raising the leverage cap from 2x to 10x and introducing cryptocurrency exchange-traded funds (ETFs). These reforms also include promoting the digitalization of the yen and allowing local governments to create their own digital currencies, with the ultimate goal of fostering regional economic development.

This means that if these proposals are implemented, cryptocurrency investors in Japan will enjoy the same tax treatment as traditional financial investments. Tamaki also expressed on social media platform X: "We want to make Japan a powerhouse for Web3 businesses."

Moreover, Japan plans to review the effectiveness of its cryptocurrency asset regulations in the coming months, which may pave the way for the launch of crypto ETFs. The Financial Services Agency (FSA) will evaluate the current Payment Services Act and the Financial Instruments and Exchange Act to ensure these regulations effectively protect investors, as most Japanese users view cryptocurrency assets as investments rather than payment methods.

In summary, this is not just a domestic policy shift in Japan but a signal to the global cryptocurrency market. If Japan successfully implements these reforms, it could set an example for other countries to follow, promoting global acceptance and application of cryptocurrencies.

#日本加密税改革 #Web3 #NFT #加密货币 #金融创新

【Why do we need DiFi? Explore the charm of decentralized finance】

In this digital age, DiFi (decentralized finance) is attracting more and more attention with its unique charm. Why do we need DiFi? Let me reveal it to you!

First of all, DiFi has achieved the democratization of finance. Through the public blockchain network and smart contract technology, it lowers the threshold for financial services, allowing more people to participate in financial activities and enjoy fair and transparent financial services, no matter where they are or how much wealth they have.

Secondly, DiFi provides more choices and flexibility. It allows users to directly participate in peer-to-peer financial activities around the world without intermediaries, improving transaction efficiency. At the same time, DiFi also provides a variety of financial products to meet the financial needs of different users, making finance more personalized and customized.

Furthermore, DiFi has promoted financial innovation. As an important application of blockchain technology in the financial field, the development of DiFi has continuously promoted technological innovation, built a prosperous ecosystem, and injected new vitality into the future development of the financial industry.

In addition, DiFi can also meet the challenges of the traditional financial system. It solves the trust problem and improves the stability and security of the financial system. At the same time, DiFi's distributed nature enables it to better respond to emergencies such as financial crises and reduce systemic risks.

In short, DiFi has brought disruptive changes to the financial industry with its unique decentralized characteristics and smart contract technology. It has achieved the democratization of finance, provided more choices and flexibility, promoted financial innovation, and can respond to the challenges of the traditional financial system. In the future, DiFi is expected to play a more important role and bring us more convenience and opportunities! #Difi # #去中心化金融 # #金融创新 #

🇺🇾 New national regulations are here: Uruguay officially embraces cryptocurrencies!

After more than two years of discussion, Uruguay has finally passed a new law that officially recognizes cryptocurrencies as legal virtual assets and assigns the regulatory task to the Central Bank of Uruguay.

Not only does this make Uruguay the first country in Latin America to include cryptocurrencies in its regulatory framework after Venezuela, Brazil, Argentina, and El Salvador, but they’ve gone a step further.

The Central Bank of Uruguay will now be responsible for regulating virtual asset service providers (VASPs) and has the power to issue operating licenses. This is a big deal because it means that cryptocurrency exchanges, wallet providers, and even miners will operate under the country’s legal framework. Such regulation will take into account legality, opportunity, and convenience, which is good news for the development of the industry.

More importantly, the law also updates the rules on anti-money laundering and counter-terrorist financing to include virtual assets in its regulation. Even more exciting is that they have reformed the securities law and introduced the concept of decentralized securities. This is a legal recognition and support for cryptocurrencies.

💼 Opinion:

This move by Uruguay could be an important step towards the legalization and mainstreaming of cryptocurrencies. Not only does it set an example for other countries, it could also pave the way for the future development of cryptocurrencies. Does this mean we will see more countries follow suit?

In short, as more and more countries begin to officially recognize and regulate cryptocurrencies, we are moving towards a safer and more transparent financial future. This step by Uruguay is a positive signal for both the cryptocurrency community and the global financial markets. Let's wait and see what happens next.

💬 What do you think of Uruguay's new law? Do you think it will promote global acceptance of cryptocurrencies? Leave your thoughts in the comments!

#乌拉圭加密货币法 #加密货币合法化 #金融创新 #加密货币监管

🚀Crypto market explosion!
Bitcoin mining industry declines by 40%, Ripple enters Japan and South Korea in a big way, and New Zealanders invest madly in cryptocurrencies! 📉💥
Daily digital currency dynamics summary (2024-06-11):
1. The US SEC considers ProShares' Ethereum spot ETF application. Is spring coming for ETH fans? 🌸
2. Data shows that Bitcoin's average annual return rate is as high as 104%! Just buy it? 📈
3. Bitcoin mining companies' output in May fell by about 40% month-on-month. What happened to the miners? ⛏️😰
4. Global Bitcoin spot ETF holdings account for 5% of the total supply of Bitcoin, and the whole world is hoarding Bitcoin! 🌍💼
5. Global spot Bitcoin ETF holdings account for 5% of the total supply of Bitcoin, and the heavy data confirms it again! 📊
6. Mining company Bitfarms approves the "poison pill" plan to prevent Riot Platforms' hostile takeover, and the mining war is about to start! ⚔️
7. Research shows that nearly half of New Zealanders are more interested in cryptocurrency investment than real estate. The era of cryptocurrencies has arrived! 🏡➡️💰
8. Ripple launches new fund to support innovation of XRP ledgers in Japan and South Korea. The East Asian market is about to explode! 🇯🇵🇰🇷💡
9. The US spot Bitcoin ETF increased its holdings by 1,805 bitcoins on June 10. The market trend is worth paying attention to! 👀
10. Fidelity tokenizes money market funds through JPMorgan blockchain. There is no limit to financial innovation! 🏦🔗
11. The survey found that nearly 50% of New Zealanders already own or are considering investing in cryptocurrencies. New Zealand has become a hot spot for crypto investment! 🇳🇿🔥
12. Analysis points out that the inflow of Bitcoin ETF may be part of a non-directional arbitrage strategy, and does not necessarily represent a bullish bet. The market is more complicated! 🤔
#比特币政策 #以太坊ETF通过 #ripple #ETFvsBTC #金融创新

🌐British pension fund company plans to include Bitcoin in pension fund plans! 🚀

Cartwright, a large British pension company, recently announced that 3% of its portfolio assets will be invested directly in Bitcoin, rather than indirectly through Bitcoin ETFs.

Bitcoin advocate Daniel Batten pointed out that this ratio is 30 times the investment in Bitcoin by the Wisconsin Pension Fund in the United States, and it also set a record for Bitcoin investment in global sovereign funds.

Glenn Cameron, head of digital assets at Cartwright, said that they made this decision after in-depth discussions with the trustees of the pension fund on environmental, social and governance (ESG) issues, investment cases and security.

At the same time, this investment strategy will adopt the method of direct custody of Bitcoin, and the private key will be divided into five parts and kept by different institutions to ensure a high level of security.

Sam Roberts, director of investment consulting at Cartwright, said that this Bitcoin configuration not only provides diversification, but also takes advantage of assets with unique risk-return characteristics. They also hope that this can be a new starting point for British institutional investors.

In addition, Steve Robinson, Cartwright's implementation director, added that the company provides conservative investors with a new way to participate in Bitcoin investment and manage risks through a quick stop-profit custody solution.

On the other side, the United States is not idle either. As early as October, Florida's Chief Financial Officer Jimmy Patronis called for and worked to promote the inclusion of Bitcoin in state retirement funds. This also shows that Bitcoin as an investment option for pensions is gradually becoming a growing trend in countries such as the United Kingdom and the United States.

In short, Bitcoin is not only a game for young people, but even government pensions in various countries are considering entering the market one after another. Does this mean that the mainstreaming of cryptocurrency has taken another big step? Let's wait and see!

#比特币养老基金 #英国养老基金 #加密货币投资 #金融创新

🚨 Shock!
BlackRock strikes hard,
100 million euro alliance promotes Ethereum, and a new era of public blockchain begins! 🚀💥
🔗 BlackRock suddenly announced that it would prioritize public blockchain, and Ethereum became the focus! This move subverts traditional finance and sets off a wave of blockchain revolution! 🌊
🔍 Transparency revolution: Every transaction on Ethereum is publicly visible, and investors monitor the flow of funds in real time to ensure smooth business execution. Trust is bursting, triggering the enthusiasm of global investors! 📈
🌐 Borderless accessibility: Public blockchain is open to everyone, and anyone can participate in the network and interact to build decentralized applications (dApps). The innovation storm is coming, and new financial products are emerging in an endless stream! 💡
🗳️ Decentralized governance: Ethereum users have a say in the development of the platform, accountability is enhanced, and participatory governance is truly realized! ⚖️
💎 BlackRock's first Ethereum project: "Institutional Digital Liquidity", a digital token based on Ethereum - USD Coin (Bank of America). Investors will enjoy a transparent and secure way to diversify their portfolios! 💸
🔥 This decision not only marks a strategic shift for BlackRock, but also a strong signal of the growing maturity of the cryptocurrency market! The future is here, and a new era of public blockchain is opening up!
#贝莱德IBIT比特币持有量反超灰度GBTC #以太坊ETF通过 #区块链创新 #金融创新 #去中心化计算 $ETH
$BNB $BTC

🚀💰 Salvadoran President's Bitcoin Obsession: 665 Days of Non-stop Buying!

Sisters, today I want to tell you a crazy story! 🤯

El Salvador's President Bukele is a Bitcoin fanatic! He has bought 1 Bitcoin every day for 665 consecutive days! Regardless of the market ups and downs, he will not be shaken! Do you think this operation is true love or madness? 😱

Let's take a look at the record of this "Bitcoin President":

1️⃣ A total of 5,871 Bitcoins were purchased

2️⃣ Worth about 342 million US dollars

3️⃣ The average purchase price was only 43,888 US dollars (this is too cheap, right?!)

Sisters, I have a few questions for you:

1. If you are a Salvadoran, would you support or oppose the president's doing this? 🤔

2. Is this a national investment or a personal obsession? 🏦

3. If Bitcoin plummets, will El Salvador go bankrupt? 😰
4. Do you think other countries will follow suit? 🌍
To be honest, I am both envious and scared! What do you think will happen if our country does the same?

Come to the comment section and tell me what you think! This topic is so exciting, I can't wait to hear your opinions! 💖

PS: Don't forget to like + follow! I will continue to bring you the latest and most exciting financial gossip! 😘
#Bitcoin#El Salvador#NationalInvestment#Cryptocurrency #金融创新 #btc

🚀 Revolut and Ledger wallet join hands to open up a new track for cryptocurrency trading!

🔐On August 14, the well-known cryptocurrency cold wallet Ledger and the UK's cryptocurrency-friendly online bank Revolut announced a partnership to jointly enter a new track for cryptocurrency trading. The core goal of this cooperation is to simplify the transaction process, allowing Ledger users to buy and sell cryptocurrencies directly through their cold wallets, achieving a perfect combination of security and convenience.

💡 Revolut is well-known for its many innovations in payment system innovation, and this cooperation with Ledger is undoubtedly another milestone in its innovation journey. Through the new integration, Revolut customers who have completed KYC checks will be able to skip the tedious verification process and realize the experience of buying cryptocurrencies in seconds.

📈 This cooperation also reflects an obvious trend. Whether it is the combination of Revolut and Ledger, or the blockchain savings and transaction card launched by Mastercard and MetaMask wallet, we are witnessing the accelerated development of technical cooperation in the cryptocurrency industry. These collaborations not only promote the popularity and convenience of cryptocurrencies, but also emphasize the importance of security.
🌐 As these technical collaborations continue to deepen, I believe that the development of cryptocurrency will be very rapid in the next few years. Maybe in 3-5 years, when you look back, you will be surprised that you didn’t hoard more Bitcoin when the current price is so low!

💡 It is believed that these collaborations not only promote the popularity of cryptocurrency, but also bring innovative solutions and a safer technical foundation to the industry. As the market develops and matures, cryptocurrency may become a part of our daily life, and its value and importance will be redefined.

🤔What do you think of the cooperation between traditional finance and cryptocurrency payment applications? Do you think this cooperation will accelerate the popularity of cryptocurrency? What do you think are the biggest opportunities and challenges? Welcome to express your views in the comment area!

#Revolut #Ledger #加密货币合作 #金融创新 #支付技术