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BlackRock Bitcoin ETF inflows surpass ‘magnificent 7’ stocks as trader eyes $88K

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BlackRock’s Bitcoin exchange-traded fund (ETF) has experienced significant inflows, propelling seven related stocks and acquiring 88,000 BTC.

The launch of BlackRock’s Bitcoin ETF has garnered substantial investor interest, reflected in substantial capital inflows into the fund. This influx has also bolstered the performance of seven stocks closely associated with Bitcoin, underscoring growing institutional acceptance and integration of cryptocurrencies into traditional investment portfolios.

Analysts attribute the surge in Bitcoin-related stocks to heightened investor confidence in the asset class, buoyed by the legitimacy and accessibility offered by ETFs. BlackRock’s entry into the cryptocurrency market through its ETF marks a pivotal moment, signaling broader institutional participation in digital assets.

The acquisition of 88,000 BTC through BlackRock’s ETF further underscores institutional demand for Bitcoin exposure in a regulated and secure manner. This substantial purchase highlights Bitcoin’s role as a strategic asset diversifier amid global economic uncertainties.

The positive reception to BlackRock’s Bitcoin ETF reflects a broader trend towards mainstream adoption of cryptocurrencies, driven by increasing institutional interest and favorable regulatory developments. As traditional financial institutions continue to embrace digital assets, ETFs like BlackRock’s are expected to play a crucial role in democratizing access to Bitcoin and other cryptocurrencies.

Looking forward, market analysts anticipate continued momentum in Bitcoin ETFs, with potential expansions into other digital assets as regulatory frameworks evolve. The success of BlackRock’s ETF launch sets a precedent for future cryptocurrency investment products, marking a significant milestone in the maturation of digital asset markets.

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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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