Texas Bitcoin Reserve Ditches ETF, Embracing Direct BTC Holdings Instead
Texas is hiring a crypto custodian to move its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into directly held coins and build full state‑level BTC plumbing.
Topic
9 articles found
Texas is hiring a crypto custodian to move its $10 million Strategic Bitcoin Reserve from BlackRock’s IBIT ETF into directly held coins and build full state‑level BTC plumbing.
Earlier this month, 21Shares and Bitwise Investments became the first firms to launch HYPE-based exchange-traded funds.
US spot Bitcoin ETFs have turned negative year-to-date with $596 million in outflows as IBIT posted near-record withdrawals and Bitcoin fell below $75,000.
Bitcoin dropped closer to a critical support level as spot and long futures traders’ efforts to hold $75,000 failed. Is sub-$70,000 BTC next?
Bitcoin’s price stayed firm despite a massive $1.3 billion block sale executed by a mysterious BlackRock ETF holder, which analysts called a sign of large-scale institutional de-risking.
The big sale happened amid a broader continued exodus from U.S.-listed spot bitcoin ETFs.
The post BlackRock’s IBIT Records Massive $1.29B Dark Pool Bitcoin ETF Trade appeared first on Coinpedia Fintech News BlackRock saw a massive $1.29 billion dark pool transaction tied to its IBIT Bitcoin ETF, involving nearly 29 million shares traded on Nasdaq. According to Alex Thorn, it was the lar
Galaxy Digital’s Alex Thorn says a $1.3 billion sale of BlackRock’s Bitcoin ETF was the largest he has seen on a dark pool, or private trading platform.
The recent surge of Hyperliquid’s HYPE token, which hit a new all-time high following the launch of two HYPE ETFs in the U.S., highlights critical considerations for developers building tokenized asset platforms. This event underscores how fast growth, driven by tokenization of stocks, commodities,