1. BlackRock Global Allocation Fund holds 430,770 shares of its Bitcoin spot fund IBIT, which doubled from the end of July
BlackRock Global Allocation Fund holds 430,770 shares of its Bitcoin spot fund IBIT. In a portfolio filing with the U.S. Securities and Exchange Commission today, BlackRock Global Allocation Fund reported that as of October 31, BlackRock Global Allocation Fund held 430,770 shares of its Bitcoin spot fund IBIT, worth $17.13 million. This is an increase of 117% from the 198,874 shares reported on July 31.
2. The Central Bank of Brazil has proposed banning the transfer of stablecoins to self-custody wallets.
According to Cointelegraph, the Central Bank of Brazil has proposed banning the transfer of stablecoins to self-custody wallets such as MetaMask and Trezor.
3. Bitwise applies to the U.S. SEC for the Bitcoin Standard Corporations ETF.
According to Cointelegraph, Bitwise has applied to the U.S. Securities and Exchange Commission (SEC) for the Bitcoin Standard Corporations ETF. The fund aims to invest in companies that hold at least 1,000 bitcoins.
4. Strive Asset Management applies to the U.S. SEC to list a Bitcoin bond ETF.
Strive Asset Management, co-founded by Vivek Ramaswamy, a leader in the U.S. government's efficiency department, has applied to the U.S. SEC to list a Bitcoin bond ETF. This fund is an actively managed ETF that primarily invests in 'Bitcoin bonds' issued by MicroStrategy and other convertible bonds issued by corporations.
5. Cardone Capital launched a real estate Bitcoin hybrid fund.
Cardone Capital launched a real estate Bitcoin hybrid fund, which will simultaneously complete the acquisition of 300 units of A-class multifamily assets in Melbourne, Florida, and purchase Bitcoin worth eight figures. The real estate portion of the fund will be acquired without debt and will immediately generate positive cash flow. Furthermore, the monthly income from the real estate assets will fund ongoing strategic Bitcoin purchases. During the initial years of holding, the fund plans to make long-term debt investments in these properties, and when jointly selling the real estate with the Bitcoin held by the fund, it may return all initial capital to investors while retaining ownership of both the real estate assets and Bitcoin holdings.
6. The cryptocurrency wallet SafePal has supported MasterCard in mainland China.
The cryptocurrency wallet SafePal has supported MasterCard in mainland China, allowing users to register with SafePal or Fiat24 bank gateway to spend USDC using MasterCard.
7. Yesterday, the total net inflow for Bitcoin spot ETFs in the U.S. was approximately $475 million, marking the first net inflow after four days of net outflows.
According to iChainfo data, yesterday the total net inflow for Bitcoin spot ETFs in the U.S. was approximately $475 million, marking the first net inflow after four days of net outflows. BlackRock ETF IBIT saw a net inflow of about $56.51 million in a single day; Fidelity ETF FBTC had a net inflow of about $254 million; Ark & 21 Shares ETF ARKB had a net inflow of about $186 million; Grayscale Micro ETF BTC had a net inflow of about $7.19 million; VanEck ETF HODL saw a net outflow of about $2.7 million; Bitwise ETF BITB had a net outflow of about $8.32 million; Grayscale ETF GBTC had a net outflow of about $24.23 million; Hashdex ETF DEFI, Invesco Galaxy ETF BTCO, Valkyrie ETF BRRR, WisdomTree ETF BTCW, Franklin ETF EZBC had no net inflow or outflow.
8. Yesterday, the net inflow for Ethereum spot ETFs in the U.S. was $117 million, achieving net inflows for three consecutive trading days.
According to iChainfo data, yesterday the net inflow for Ethereum spot ETFs in the U.S. was $117 million, marking three consecutive days of net inflows. BlackRock ETF ETHA saw a net inflow of about $28.18 million in a single day; Fidelity ETF FETH had a net inflow of $82.96 million; Grayscale Micro ETF ETH had a net inflow of about $5.95 million; Grayscale ETF ETHE, VanEck ETF ETHV, Bitwise ETF ETHW, 21 Shares ETF CETH, Franklin ETF EZET, and Invesco ETF QETH had no net inflow or outflow.
9. The Frax Finance community initiated a proposal to 'introduce the BlackRock tokenized fund BUIDL as a reserve asset for Frax USD.'
Securitize BlackRock tokenized fund BUIDL's placement agent, nader, initiated a proposal in Frax Finance to 'introduce the BlackRock tokenized fund BUIDL as a reserve asset for Frax USD.' BUIDL is a tokenized U.S. Treasury product that will invest all its total assets in cash, U.S. Treasury bills, notes issued or guaranteed by the U.S. Treasury, and other debts, as well as repurchase agreements collateralized by such debts or cash.
10. Bitget will destroy BGB tokens worth over $5 billion, accounting for 40% of the total supply. According to Techub News, the Bitget team updated the BGB white paper and introduced a buyback and burn mechanism. In the first burn, the Bitget team will destroy 800 million BGB held by the core team, accounting for 40% of the total supply. Based on the current price of BGB, the value of the destroyed portion exceeds $5 billion. After the burn, the total supply of BGB will decrease to 1.2 billion, and 100% will be in circulation. Additionally, BGB will initiate quarterly buybacks and burns starting in 2025, where Bitget will use 20% of the quarterly profits from the exchange and wallet business to buy back and burn BGB. The profits will come from transaction fees for spot, futures, and leveraged trading on the Bitget exchange, as well as fees from the Bitget Wallet for swaps, futures, NFT trading, etc.
