Here is the latest Bitcoin News:
- In recent discussions on the Trillions podcast, Eric Balchunas from Bloomberg noted that BlackRock’s Bitcoin ETF has emerged as the most successful new ETF in the last four years, attracting over $26 billion in inflows.
- US spot Bitcoin ETFs recorded a substantial net inflow of $555.9 million on October 14, signaling renewed investor interest in Bitcoin.
- Mt. Gox postpones reimbursements to 2025, alleviating fears of a massive Bitcoin sale. Mt. Gox was a prominent cryptocurrency exchange based in Tokyo that operated from 2010 until its collapse in 2014.
- During BlackRock’s Q3 2024 earnings call, CEO Larry Fink described Bitcoin as “an asset class in itself” and highlighted its potential as an alternative to gold. This statement reflects a significant shift in institutional perception of Bitcoin, especially given that BlackRock’s Bitcoin ETF, the iShares Bitcoin Trust (IBIT), holds approximately $25 billion in assets
- Samara Asset Group plans to issue a bond worth $32.8 million to purchase Bitcoin. CEO Patrik Lowry explained that the proceeds from this bond will enable Samara to strengthen its balance sheet. By using Bitcoin as its primary treasury reserve asset, the company aims to enhance its liquidity position with the bond proceeds.
- The mayor of Rockdale, Texas has stated that Bitcoin mining has revitalized the town’s economy, injecting over $1 billion into the area. This influx of investment has supported local initiatives and led to the creation of more than 22,000 jobs.
