Bitcoin ETF

Bitcoin ETF

Finance

Banking giant Intesa Sanapolo discloses $100 million bitcoin ETF holdings, along with Strategy hedge

The bank also holds a large put option position on Strategy, potentially capitalizing on the company trading above the value of its BTC holdings.

Intesa Sanpaolo headquarters in Turin (Riccardo Tuninato/Unsplash)

Finance

Harvard cuts bitcoin exposure by 20%, adds new ether position

The shift may be due to complex market dynamics, potentially reflecting the unwinding of a trade that capitalized on bitcoin treasury companies trading at premiums to their mNAV.

Harvard University library (Pascal Bernardon/Unsplash)

Markets

BlackRock's digital assets head: Leverage-driven volatility threatens bitcoin’s narrative

Rampant speculation on crypto derivatives platforms is fueling volatility and risking bitcoin’s image as a stable hedge, says BlackRock’s digital assets chief.

(Emanuele Cremaschi/Getty Images)

Markets

BlackRock exec says 1% crypto allocation in Asia could unlock $2 trillion in new flows

During a panel discussion at Consensus in Hong Kong, Peach pointed to massive capital pools in traditional finance as ETF adoption spreads across Asia.

BlackRock logo in front of a building (BlackRock/Modified by CoinDesk)

Markets

BlackRock bitcoin ETF options saw record activity during crash, sparking theories of hedge fund blowup

Options trading on BlackRock's spot bitcoin ETF, IBIT, surged to a record 2.33 million contracts on Thursday as bitcoin crashed.

Ship on turbulent waters. (Pixabay)

Videos

"ETF boomers" show diamond hands as bitcoin slides 40%

Bloomberg Intelligence Senior ETF Analyst, Eric Balchunas joins CoinDesk's Jennifer Sanasie to discuss why ETF investors are staying remarkable steady while the rest of the market panics. He breaks down the "irony" of ETF boomers showing stronger diamond hands than crypto natives by treating bitcoin as a "hot sauce" allocation within diversified portfolios. Watch to learn how bitcoin’s volatility compares to the 22-year history of Gold ETFs and why this drawdown might just be another cycle for the asset class.

CoinDesk

Markets

Deutsche Bank says bitcoin’s selloff signals a loss of conviction, not a broken market

The German lender pointed to institutional outflows, fading liquidity and stalled regulation as the real drivers behind bitcoin’s slump.

(Photo by Kanchanara on Unsplash/Modified by CoinDesk)

Markets

Bitcoin nears pre-election floor as ETF flows stall, Citi says

The cryptocurrency is trading below key ETF cost levels and nearing its pre-election price floor as inflows to these vehicles fade and headwinds build, the bank said.

Bitcoin (TheDigitalArtist/Pixabay, modified by CoinDesk)

Markets

Bitcoin ETFs see cash rush as traders hunt bargains

U.S. ETF demand remains resilient even as Black Monday fears surfaced following bitcoin’s drop below $75,000 over weekend.

Digitally altered photo of a dollar bill (Ryan Quintal/Unsplash, Modified by CoinDesk)

Markets

Crypto bear market is nearing end, with $60K as key bitcoin floor, Compass Point analysts say

Further downside would likely require a U.S. equity bear market, analysts say, as bitcoin tests weak support.

CoinDesk