BlackRock's ETF Nearly At 200K Bitcoin
$47 Million Lost To Crypto-Based Phishing In February, LSE To Launch Bitcoin & Ethereum ETNs
Welcome to Coinfeeds Daily Digest! Today we cover the London Stock Exchange preparing to launch Bitcoin and Ethereum exchange-traded notes, or ETNs, in Q2 of 2024, Hong Kong planning to launch spot Ethereum ETFs before the U.S. does, and BlackRock's IBIT Bitcoin ETF surpassing MicroStrategy in its holdings as it nears 200,000 BTC. Furthermore, a Scam Sniffer report showcased that almost $47 million was lost in crypto phishing scams in February, mostly through Twitter, in Ethereum. One of the most popular Bitcoin scaling solutions, The Lightning Network, has seen a 37% surge in its USD capacity to $325 million locked in, while its BTC capacity declined 5%.
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BlackRock's Bitcoin ETF Nears 200K BTC
BlackRock's iShares Bitcoin ETF (IBIT) has made headlines by amassing nearly 200,000 BTC in less than two months since its launch. This rapid accumulation not only signifies a monumental shift in investment strategies but also marks a significant milestone as it surpasses the Bitcoin holdings of MicroStrategy. | Read More
$47M Lost To Crypto Phishing Attacks In February
Phishing scams have led to the theft of 57,000 user assets, amounting to a staggering $47 million in losses. Ethereum, a leading blockchain platform, emerged as the primary target, with 78% of the stolen assets being Ethereum-based. With 86% concerning ERC-20 tokens, the Ethereum ecosystem appears to be a lucrative target for cybercriminals. | Read More
London Stock Exchange to Launch Crypto ETNs in 2024
In a landmark announcement, the LSE revealed plans to start accepting applications for bitcoin and ether crypto exchange-traded notes (ETNs) in the second quarter of 2024. The move by the LSE follows the UK Financial Conduct Authority's (FCA) guidelines, which have recently indicated a willingness to accommodate cryptocurrency-backed ETNs under certain conditions. | Read More
Lightning Network’s US Dollar Capacity Hits All-Time High
This second-layer protocol, designed to facilitate instant and cost-effective transactions, has seen its US Dollar capacity soar to an unprecedented high. With nearly $325 million now locked in, the network's dollar capacity has surged by 37% in just the last month. | Read More
Hong Kong Eyes Ethereum ETF Launch Ahead of U.S
Hong Kong is setting its sights on launching a spot Ethereum ETF before the United States. Hong Kong's financial authorities are not stopping at Bitcoin ETFs. With ten financial organizations already having applied to introduce a spot Bitcoin ETF in the region, there's a strong push for the approval of a spot Ethereum ETF as well. | Read More