Google Opens Bitcoin ETF Ads
Invesco Cuts Bitcoin ETF Fees, Liquid Staking Now On dYdX Chain, Immutable zkEVM Mainnet Launches
Welcome to Coinfeeds Daily Digest! Google has finally amended its advertising guidelines to allow Bitcoin ETF ads in, and BlackRock, VanEck, and Franklin Templeton are now experimenting with their ads. The volume of BlackRock's iBIT Bitcoin ETF has surpassed GBTC's, having amassed over $2 billion to date; Invesco has cut its ETF fee from 0.39% to 0.25%; Crypto funds have seen an outflow of $500 million, which GBTC is leading with a $2.2 billion. Although while GBTC struggles, inflows to other ETFs totaled $1.8 billion.
Regarding launches, the Cosmos-based dYdX blockchain now offers liquid staking, an Ethereum L2 Immutable zkEVM has been unveiled to open new doors in blockchain gaming, and OKX has launched inscription support for new BRC-like token standards like ARC-20 (Atomicals), SRC-20 (Stamps), DRC-20 (Doginals). In addition, Binance has updated its security model to allow larger-scale traders to store digital assets with independent banks.
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Google Opens Ads for Bitcoin ETFs
With Google's revised guidelines, major financial firms like BlackRock, VanEck, and Franklin Templeton are now showcasing their Bitcoin ETFs on the platform. This development is significant as it marks the first time these financial instruments are being advertised on one of the world's largest online advertising ecosystems. | Read More
Crypto Funds See $500M Outflow
Last week, the cryptocurrency investment landscape witnessed a significant shift in capital, with a net outflow of $500 million from crypto funds. This movement was primarily driven by the performance of GBTC, which experienced substantial outflows, contrasting with the inflows seen by newer U.S. bitcoin ETFs. | Read More
OKX Launches Inscription Support For Atomicals, Stamps, Runes and Doginals
OKX has introduced inscriptions for new token standards, including Atomicals (ARC-20), Stamps (SRC-20), Runes, and Doginals (DRC-20), which are set to be integrated into OKX's Web3 Wallet and an upcoming marketplace. Alongside the integration of these inscription standards, OKX is set to launch a dedicated marketplace. | Read More
BlackRock's iBIT ETF Outshines GBTC
BlackRock, the world's largest asset manager, has made a notable entry into the cryptocurrency space with its iBIT ETF. The fund has quickly amassed over $2 billion in holdings, which equates to more than 52,000 BTC. Meanwhile, GBTC is experiencing a shift in its market dynamics. GBTC's outflows have dipped by 50%, amounting to $360 million for the day. | Read More
Invesco Cuts Bitcoin ETF Fee To 0.25%
To attract more investors to its cryptocurrency offerings, Invesco, in partnership with Galaxy Asset Management, has made a strategic move to reduce the fee for its Invesco Galaxy Bitcoin ETF (BTCO). The fee has been cut from 0.39% to a more competitive rate of 0.25%. | Read More
Binance Now Allows Larger Traders To Store Assets With Independent Banks
Binance has introduced a new measure aimed at providing enhanced security for its larger traders. The exchange is now allowing these traders to store their digital assets with independent banks, a move that marks a departure from the traditional requirement of holding funds on the exchange or with its custodial partner, Ceffu. | Read More