Spot Bitcoin exchange-traded funds (ETFs) saw a significant surge in demand last week, seeing over $2.4 billion of inflows, a figure that represents a new record that overshadowed the $623 million outflows from Grayscale's Bitcoin Trust (GBTC).
The world’s largest asset manager BlackRock has intensified its marketing efforts for its spot Bitcoin ETF, IBIT, positioning the investment not merely as a currency but as "progress."
Japan is on the verge of a significant policy shift that would enable venture capital firms and other investment entities to directly invest in digital assets as Prime Minister Fumio Kishida's administration has proposed a revised bill to implement the change.
Top stories in the Crypto Roundup today:
- Spot Bitcoin ETFs Inflows Hit New $2.4 Billion Weekly Record
- BlackRock Ad Markets Bitcoin as ‘Progress’
- Japan’s Proposed Bill to Allow Crypto Investments from Investment Funds