Spot bitcoin ETF market trending in favor of BlackRock and Fidelity in terms of total trading volume and assets under management.
Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 of bitcoin {{BTC]], MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future.
It would be “the first ever truly decentralized web3 payment solution,” allowing users to spend their crypto “on everyday purchases, everywhere cards are accepted,” according to marketing materials CoinDesk reviewed.
Lawmakers could get a bill to regulate stablecoins to the finish line, but could face headwinds from Democrats, according to TD Cowen.
Spot bitcoin ETF inflows have surpassed expectations, the broker said in the report.
Governance on BRC-20 and on Bitcoin general is often a thorny subject, as highlighted at the start of this year when Ordinals marketplace UniSat and Domo came into a potential conflict.
The success of “digital gold” ETFs reminds us to continue improving accessibility and lower entry barriers to bitcoin and Web3, says Binance’s CTO Rohit Wad.
The U.S. president’s budget proposal for 2025 suggests the administration can reduce the national deficit by nearly $10 billion just by “modernizing rules” that include cryptocurrencies.
The company said in a statement that the latest funding, led by Placeholder VC, brought the total capital raised to $15 million.
Former GSR Research Analyst Matt Kunke has joined BlackRock as a director and product strategist focused on crypto ETFs.
