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Bitwise Bitcoin ETF to absorb $120M Osprey Bitcoin Trust

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Bitwise Asset Management is set to enhance its investment portfolio with a significant acquisition, as it prepares to acquire $120 million worth of assets from the Osprey Bitcoin Trust. This strategic move is poised to bolster Bitwise’s position in the cryptocurrency investment space and expand its offerings in the Bitcoin sector.

The acquisition involves the transfer of a substantial portion of the Osprey Bitcoin Trust’s assets to the Bitwise Bitcoin ETF, which aims to provide investors with a more efficient and streamlined way to gain exposure to Bitcoin. The deal reflects a growing trend among institutional investors seeking to consolidate and diversify their cryptocurrency holdings through established investment vehicles.

The integration of these assets is expected to strengthen Bitwise’s ETF by increasing its total assets under management and enhancing its market presence. The acquisition aligns with Bitwise’s ongoing strategy to offer comprehensive and innovative investment solutions in the digital asset space.

Bitwise’s Bitcoin ETF has garnered attention for its robust performance and investor-friendly structure, making it a compelling choice for those looking to invest in Bitcoin through a regulated and secure platform. The addition of Osprey’s assets is anticipated to further solidify the ETF’s standing and attract additional interest from both retail and institutional investors.

This development is a testament to the growing confidence in Bitcoin and the broader cryptocurrency market, as well as the increasing acceptance of cryptocurrency-based investment products among mainstream financial institutions.

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Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook

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Bitcoin is setting its sights on the $71,000 mark as market conditions shift in response to geopolitical and economic developments, including a new tariff agreement and weakening U.S. business sentiment.

Recent market activity suggests that Bitcoin is benefiting from concerns over traditional economic indicators, with investors turning to digital assets as a hedge against economic uncertainty. A rare slump in U.S. business outlook has fueled speculation that risk assets, including Bitcoin, could see increased inflows.

Additionally, ongoing global trade negotiations and tariff adjustments have contributed to market volatility, prompting investors to seek alternative stores of value. Analysts suggest that if macroeconomic pressures persist, Bitcoin could continue its upward trajectory, potentially testing the $71,000 resistance level.

Despite short-term fluctuations, Bitcoin remains a focal point for investors navigating inflation concerns, regulatory shifts, and global economic trends. The coming weeks will be critical in determining whether Bitcoin can sustain its momentum and break through key price barriers.

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Crypto donations top $1B in 2024, gain traction after Myanmar, Thailand quake

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Changpeng “CZ” Zhao, the former CEO of Binance, has donated 1,000 BNB to aid relief efforts following a powerful earthquake that struck the Thailand-Myanmar border region. The donation, valued at approximately $600,000, aims to support those affected by the disaster and assist in recovery operations.

The earthquake caused significant damage in several areas, displacing residents and impacting local infrastructure. CZ’s contribution highlights the growing role of cryptocurrency in humanitarian aid, providing fast and transparent relief funding.

The donation will be distributed to organizations working on the ground to deliver emergency assistance, including shelter, food, and medical supplies. Crypto-based aid is increasingly being utilized in disaster response efforts due to its efficiency in reaching affected communities without the delays of traditional banking systems.

As the affected regions begin the recovery process, the crypto community continues to demonstrate how blockchain technology can play a meaningful role in global humanitarian initiatives.

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Hackers are selling counterfeit phones with crypto-stealing malware

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Security researchers have uncovered a wave of counterfeit Android devices preloaded with malware designed to steal cryptocurrency, posing a significant threat to users worldwide. The infected devices, which mimic popular smartphone brands, contain malicious software capable of hijacking digital wallets and siphoning funds.

The malware, embedded at the firmware level, allows attackers to gain remote access, intercept sensitive data, and execute unauthorized transactions. Because the malicious code is deeply integrated into the device’s operating system, it is difficult to detect and remove, making it a persistent threat.

Cybersecurity experts warn that unsuspecting buyers may unknowingly expose their crypto holdings to risk by purchasing these compromised devices from unverified sellers. Users are urged to exercise caution by only purchasing smartphones from trusted retailers and manufacturers.

The discovery highlights the growing sophistication of cybercriminals targeting the cryptocurrency sector. As mobile-based crypto transactions become more common, security measures such as hardware wallet usage and multi-factor authentication are increasingly essential to safeguard digital assets from emerging threats.

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