BlackRock's Bitcoin ETF, $IBIT, reached a record daily trading volume of $10 billion, despite a 13% price drop, marking its second-worst day since launch. This development was highlighted by Bloomberg's Eric Balchunas, underscoring the ETF's significant market activity even during downturns.
In other news, Tether has invested $150 million in Gold.com, acquiring a 12% stake. This move aims to integrate Tether's gold-backed stablecoin, XAU₮, and expand access to both tokenized and physical gold. Meanwhile, Bitwise has filed an S-1 with the SEC for a Uniswap ETF, signaling continued interest in decentralized finance products.
Additionally, Gemini has announced its exit from the UK, Europe, and Australia markets, while Polymarket has partnered with Circle to enhance stablecoin infrastructure by introducing USDC settlement to prediction markets. These strategic shifts reflect ongoing adaptations within the crypto industry.
BlackRock's Bitcoin ETF Hits $10B Daily Volume Amid Price Drop
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