On Thursday, daily net inflows into U.S. spot bitcoin funds totaled nearly US$1.4 billion, surpassing the peak of just over US$1 billion recorded on March 12.
The #Ethereum Foundation's financial report showed that as of October 31, the fund had $970 million in assets, of which #cryptocurrency accounted for $788.7 million, 99.5% of which was Ether.
Binance Labs has entered the decentralized science sector (DeSci) with an undisclosed investment in BIO Protocol, a company that aims to change the way early-stage scientific research is funded and commercialized.
Today is Friday! Today's news: US spot #bitcoin ETF recorded a daily inflow of $1.4 billion, Ethereum Foundation reported $789 million in cryptocurrency assets, Binance Labs entered the DeSci sector, and more.
Meanwhile, according to Standard Chartered analyst Jeff Kendrick, the cryptocurrency market could triple by the end of 2026 if Republicans win the House and Senate. In addition, stablecoin and tokenized gold issuer Tether will enter the oil market.
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BlackRock ETF, IBIT, registered net inflows of $ 1.1 billion, surpassing the record of $ 872 million set on October 31.
The unprecedented inflows into IBIT came a day after the fund set a new daily trading volume record of more than $4 billion.
Thanks to these inflows, IBIT, with $33.2 billion in assets under management, overtook the BlackRock Gold ETF (IAU), with $32.9 billion in assets.
IBIT began trading in January 2024, while IAU began trading in January 2005.
' - said Jeff May, chief operating officer of BTSE.
Trump's victory on Wednesday caused both the stock and cryptocurrency markets to rise, with bitcoin soaring to all-time highs.
we have decided to hold the majority of our funds in ETH because EF believes in the potential of Ethereum and our holdings in ETH reflect this long-term outlook, the fund said in a statement.
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